Latvia Trade Profile '22

Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services

Trade Profiles 2022

GDP (million current US$, 2021) 38 965 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 18 685 Merchandise 76 73 Current account balance (% GDP, 2021) -2.9 excluding intra-EU trade -Trade per capita (US$, 2019-2021) 11 538 Commercial services 71 93 Trade (% GDP, 2019-2021) 61.7 excluding intra-EU trade -Value Million US$ 2021 20 823 24 447 2021 2021 0.09 0.11 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 . HS1001 Wheat and meslin 606 HS2208 Alcohol of less than 80% volume 276 HS2208 Alcohol of less than 80% volume 445 HS1001 Wheat and meslin 152 HS1205 Rape or colza seeds 235 HS2204 Wine of fresh grapes 143 HS0401 Milk and cream, not concentrated 171 HS2309 Preparations of a kind used in animal feeding 125 HS2204 Wine of fresh grapes 122 HS1905 Bread, pastry, other bakers' wares 93 Share in economy's trade in agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 3 310 8 10 7 Imports 3 304 7 8 8 Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS4407 Wood sawn or chipped lengthwise 1 459 HS2710 Petroleum oils, other than crude 947 HS8525 Radio-telephony transmission tools 854 HS8703 Motor cars for transport of persons 729 HS4401 Fuel wood, in logs, in billets 626 HS8525 Radio-telephony transmission tools 728 HS3004 Medicaments in measured doses 612 HS3004 Medicaments in measured doses 706 HS4410 Particle board and similar board 338 HS8802 Other aircraft 706 Share in economy's trade in non-agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 16 022 8 4 34 Imports 19 480 8 -5 39

Merchandise exports, f.o.b. 7 4 27 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 7 -3 33 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) By main commodity group, % (2020) By main destination, % (2021) By main origin, % (2021) Annual percentage change Annual percentage change 0% 5% 10% HS4407 HS8525 HS4401 HS3004 HS4410 Exports 0% 2% 4% 6% HS2710 HS8703 HS8525 HS3004 HS8802 Imports 0% 5% 10% HS2208 HS1001 HS2204 HS2309 HS1905 Imports 0% 10% 20% HS1001 HS2208 HS1205 HS0401 HS2204 Exports Agricultural products: 33.6 Fuels and mining products: 5.3 Manufactures: 61.1 Other: 0 Agricultural products: 22.7 Fuels and mining products: 7.3 Manufactures: 69.5 Other: 0.5 European Union: 66.5 United Kingdom: 7.7 Russian Federation: 7.3 United States of America: 2.3 Norway: 2 Other: 14.2 European Union: 72.9 Russian Federation: 9.1 China: 4.4 Canada: 3.1 Belarus: 2.4 Other: 8.2

204 World Trade Organization – Trade Profiles 2022

Latvia

Value Million US$ 2021 5 661 3 601 2021 2021 0.09 0.07 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2019 Inward (million US$) 5 222 Outward (million US$) 672 Value Million US$ 2021 Exports 1 853 Imports 1 070 Exports Value Imports Value Share (%) By sea (2021) 295 By sea (2021) 196 18.3 By air (2021) 168 By air (2021) 296 27.6 By other (2021) 1 331 By other (2021) 531 49.6 Value Million US$ 2021 Exports 289 Imports 284 Million US$ Value 2021 Other commercial services Exports 3 425 Imports 2 180 2021 Goods-related services Exports 93 Imports 67 Residents Total Residents Total Residents Total 93 1 94 974 1 220 2 194 79 34 113 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 4 22 Annual percentage change 2010-2021 2021 2010-2021 2020 2021 -16 -4 9 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 Transport Annual percentage change 2010-2021 2020 2021 0 -33 -7 -7 -57 -33 -60 -6 INDUSTRIAL PROPERTY 15 -21 34 28 4 8 By main services item, % (2021) By main destination, % (2020) Share in world total exports (%) Share in world total imports (%) Annual percentage change -20 14 4 2010-2021 2020 25 Commercial services exports Commercial services imports 3 2021

SERVICES Share (%) 15.9 9.1 71.8 5 12 -18 -2 18 21 2010-2019 2018 2019 Annual percentage change By main services item, % (2021) By main origin, % (2020) Travel exports (Index 2010=100) 7 21 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 16 4 -22 29 Annual percentage change 0 100 200 2010 2014 2018 2021 Latvia World 0 100 200 2010 2014 2018 2021 Latvia World Transport: 32.7 Travel: 5.1 Other commercial services: 60.5 Goods-related services: 1.7 Transport: 29.7 Travel: 7.9 Other commercial services: 60.5 Goods-related services: 1.9 European Union: 68.5 Russian Federation: 6.4 United Kingdom: 5 United States of America: 3.8 Norway: 3.5 Other: 12.9 European Union: 62.6 Russian Federation: 5.4 United Kingdom: 4.9 China: 3.6 United States of America: 2.7 Other: 20.8 46.6 32.9 12.1 8.4 Other business services ICTs Construction Other Latvia 205 World Trade Organization – Trade Profiles 2022