In 2021, Estonia's exports to Latvia amounted to €1.82B, 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 41.7%, from €1.28B in 2020 to €1.82B in 2021. Most recently, exports were led by electricity, which represent 26.6% of the total exports to Latvia, followed by cars, which account for 10.3%.
In 2021, Estonia's imports from Latvia ammounted to €1.79B, 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 23.8%, from €1.44B in 2020 to €1.79B in 2021. Most recently, imports were led by petroleum gases, which represent 5.99% of the total imports from Latvia, followed by wood sawn or chipped lengthwise, sliced or peeled,..., which account for 5.99%.