1.  Overview the trade of LATVIA in goods current year until 202002

According to Dalian Infobank, in 202002, LATVIA's exports and imports of goods amounted to 2603.2677 million, and were up 0.33% comparing with the same period of last year. Among these, exports were up 2.20% at 1244.5737 million, and imports were down 1.33% at 1358.6940 million. And the corresponding trade deficit was 114.1203 million and down 28.33%.

During the current year until 202002, LATVIA's total exports and imports of goods were 5258.1457 million and were up 0.57% comparing to the same period of last year. Among these, exports were 2512.4772 million and up 2.03%; imports were 2745.6685 million and down 0.73%. The total trade deficit was 233.1912 million and down 23.13%.

If considering by country (region), LITHUANIA, ESTONIA, GERMANY, RUSSIA, POLAND were LATVIA's top five trading partners. During the current year until 202002, LATVIA's imports and exports to five countries/territories were 862.6611 million, 519.8497 million, 482.7460 million, 481.7702 million, 349.0760 million. These values correspond to 16.41%, 9.89%, 9.18%, 9.16%, 6.64% of LATVIA's imports and exports, and, respectively, were up 3.28%, down 1.42%, down 5.30%, down 1.88%, up 0.95% comparing to the same period of last year.

Current year until 202002, LATVIA and the top five trade partners LITHUANIA, RUSSIA, ESTONIA, GERMANY, SWEDEN are the top five countries/territories that LATVIA exports to in terms of the total export amount. During the current year until 202002, LATVIA's exports to these five countries/territories were 389.0551 million, 299.5744 million, 278.0668 million, 190.4105 million, 159.4317 million. These values correspond to 15.48%, 11.92%, 11.07%, 7.58%, 6.35% of LATVIA's exports and, respectively, were down 0.70%, up 4.19%, up 0.52%, up 0.44%, down 7.54% comparing with the same period of last year.

Current year until 202002, LATVIA's exports to top five countries/territories LITHUANIA, GERMANY, POLAND, ESTONIA, RUSSIA are the top five countries/territories that LATVIA imports from in terms of the total export amount. During the current year until 202002, LATVIA's imports from these five countries/territories were 473.6060 million, 292.3355 million, 258.2881 million, 241.7830 million, 182.1957 million. These values correspond to 17.25%, 10.65%, 9.41%, 8.81%, 6.64% of LATVIA's total imports and, respectively, were up 6.79%, down 8.70%, up 6.07%, down 3.56%, down 10.46% comparing with the same period of last year.

During the current year until 202002, the trade surplus of LATVIA was mainly from RUSSIA, SWEDEN, DENMARK, NORWAY, UNITED KINGDOM at 117.3787 million, 61.0777 million, 56.7596 million, 45.1086 million, 37.4973 million, and up 39.67%, down 20.35%, down 7.15%, up 6.67%, down 37.23%. And the trade deficits were mainly from POLAND, GERMANY, LITHUANIA, CHINA, ITALY at 167.5001 million, 101.9250 million, 84.5510 million, 79.5610 million, 70.3999 million, and up 18.59%, down 21.96%, up 63.62%, up 7.83%, up 16.52%.

Current year until 202002, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202002,  commodities with hs2 codes, 85, 44, 84, 87, 22, were LATVIA's top five traded commodities. They correspond to the import and export values of 630.2179 million, 510.9494 million, 438.0476 million, 320.8252 million, 257.0608 million, which were up 13.33%, down 14.38%, down 2.81%, down 10.81%, down 0.10% comparing with the same period of last year and account for 11.99%, 9.72%, 8.33%, 6.10%, 4.89% of LATVIA's total imports and exports.

During the current year until 202002, 44, 85, 84, 22, 87 were LATVIA's top five traded commodities, with total import and export values of 412.7282 million, 292.7349 million, 163.7508 million, 138.5458 million, 126.3065 million. These values correspond to 16.43%, 11.65%, 6.52%, 5.51%, 5.03% of LATVIA's total exports and, respectively, were down 13.52%, up 17.54%, up 5.52%, up 3.41%, down 6.08% comparing to the same period of last year.

During the current year until 202002, 85, 84, 87, 27, 30 were LATVIA's top five traded commodities, with total import values of 337.4830 million, 274.2969 million, 194.5187 million, 147.7094 million, 120.5182 million. These values correspond to 12.29%, 9.99%, 7.08%, 5.38%, 4.39% of LATVIA's total exports and, respectively, were up 9.92%, down 7.18%, down 13.64%, down 28.25%, up 5.16% comparing to the same period of last year.

2. Current year until 202002, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202002, LATVIA-China binational exports and imports of goods amounted to 132.5888 million and were down 5.70% comparing with the same period of last year. Among these, exports from LATVIA to China were 26.5139 million and down 20.64%, imports from China to LATVIA were 106.0749 million and down 1.04%. The total binational trade deficit was 79.5610 million and up 7.83%.

During the urrent year until 202002, commodities with hs2 code, 85, 84, 44, 40, 94, were binational trade's top five traded commodities. They correspond to import and export values of 45.3483 million, 14.6406 million, 12.9542 million, 8.1642 million, 6.9419 million and makes up 34.20%, 11.04%, 9.77%, 6.16%, 5.24% of the total binational imports and exports. These values were also up 2.03%, up 15.49%, down 33.29%, up 28.53%, down 15.75% comparing to the same period last year.

During the current year until 202002, 44, 27, 08, 85, 29 were the top five traded commodities exported to China from LATVIA, with export values of 12.5402 million, 4.6385 million, 2.2121 million, 1.4898 million, 0.6182 million. These values account for 47.30%, 17.49%, 8.34%, 5.62%, 2.33% of LATVIA's total exports and were down 34.34%, up 15.26%, up 12.28%, down 19.93%, up 287955.20% comparing to the same period of last year.

During the current year until 202002, 85, 84, 40, 94, 90 were LATVIA's top five traded commodities importing from China , with import values of 43.8585 million, 14.2035 million, 8.1574 million, 6.5907 million, 3.6285 million. These values account for 41.35%, 13.39%, 7.69%, 6.21%, 3.42% of LATVIA's total imports and were up 2.99%, up 15.63%, up 28.42%, down 14.88%, down 7.21% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat