Latvia
1.94B €
Exports
2024
2004 January2025 October
2.3B €
Imports
2024
2004 January2025 October
Latvia is the 2nd largest export partner of Estonia. In 2024, Estonia's exports to Latvia amounted to €1.94B and imports from Latvia to €2.3B, resulting in negative trade balance of €364M.
Exports
2024
In 2024, Estonia's exports to Latvia amounted to €1.94B, making it the 2nd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced decline at an annualized rate of 10.3%, from €2.16B in 2023 to €1.94B in 2024. Most recently, exports were led by cars, which represent 13.5% of the total exports to Latvia, followed by electricity, which account for 11.3%.
Imports
2024
In 2024, Estonia's imports from Latvia ammounted to €2.3B, making it the 3rd largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced decline at an annualized rate of 1.06%, from €2.32B in 2023 to €2.3B in 2024. Most recently, imports were led by petroleum gases, which represent 6.99% of the total imports from Latvia, followed by cars, which account for 6.99%.
Trade Balance
As of 2025 October, Estonia had positive trade balance of €24.8M with Latvia. In 2024 October, it had positive trade balance of €7.15M.
