Latvia

1.83B €
Exports
2021
2004 January2022 November
1.78B €
Imports
2021
2004 January2022 November

Infograafikud

Latvia is the 2nd largest export partner of Estonia. In 2021, Estonia's exports to Latvia amounted to €1.83B and imports from Latvia to €1.78B, resulting in positive trade balance of €56.4M.

Exports

2021

In 2021, Estonia's exports to Latvia amounted to €1.83B, making it the 2nd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced growth at an annualized rate of 42.4%, from €1.29B in 2020 to €1.83B in 2021. Most recently, exports were led by electricity, which represent 26.4% of the total exports to Latvia, followed by cars, which account for 10.2%.

Imports

2021

In 2021, Estonia's imports from Latvia ammounted to €1.78B, making it the 5th largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced growth at an annualized rate of 23%, from €1.44B in 2020 to €1.78B in 2021. Most recently, imports were led by petroleum gases, which represent 5.32% of the total imports from Latvia, followed by wood sawn or chipped lengthwise, sliced or peeled,..., which account for 5.32%.

Trade Balance

As of 2022 November, Estonia had negative trade balance of €637k with Latvia. In 2021 November, it had positive trade balance of €16.1M.