1.  Overview the trade of LATVIA in goods current year until 202104

According to Dalian Infobank, in 202104, LATVIA's exports and imports of goods amounted to 3438.6091 million, and were up 53.71% comparing with the same period of last year. Among these, exports were up 47.07% at 1592.2397 million, and imports were up 59.94% at 1846.3693 million. And the corresponding trade deficit was 254.1296 million and up 253.77%.

During the current year until 202104, LATVIA's total exports and imports of goods were 12873.7673 million and were up 23.72% comparing to the same period of last year. Among these, exports were 6132.8248 million and up 24.70%; imports were 6740.9425 million and up 22.84%. The total trade deficit was 608.1177 million and up 6.72%.

If considering by country (region), LITHUANIA, ESTONIA, GERMANY, RUSSIA, POLAND were LATVIA's top five trading partners. During the current year until 202104, LATVIA's imports and exports to five countries/territories were 2191.8949 million, 1232.0849 million, 1166.1325 million, 1146.5881 million, 895.6426 million. These values correspond to 17.03%, 9.57%, 9.06%, 8.91%, 6.96% of LATVIA's imports and exports, and, respectively, were up 31.56%, up 21.65%, up 20.38%, up 20.99%, up 21.05% comparing to the same period of last year.

Current year until 202104, LATVIA and the top five trade partners LITHUANIA, RUSSIA, ESTONIA, GERMANY, UNITED KINGDOM are the top five countries/territories that LATVIA exports to in terms of the total export amount. During the current year until 202104, LATVIA's exports to these five countries/territories were 1025.8643 million, 703.3378 million, 654.1402 million, 413.6045 million, 386.9638 million. These values correspond to 16.73%, 11.47%, 10.67%, 6.74%, 6.31% of LATVIA's exports and, respectively, were up 40.74%, up 17.51%, up 17.42%, up 16.47%, up 65.21% comparing with the same period of last year.

Current year until 202104, 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 202104, LATVIA's imports from these five countries/territories were 1166.0306 million, 752.5280 million, 658.2258 million, 577.9446 million, 443.2504 million. These values correspond to 17.30%, 11.16%, 9.76%, 8.57%, 6.58% of LATVIA's total imports and, respectively, were up 24.42%, up 22.63%, up 19.34%, up 26.84%, up 26.95% comparing with the same period of last year.

During the current year until 202104, the trade surplus of LATVIA was mainly from UNITED KINGDOM, RUSSIA, NIGERIA, SWEDEN, DENMARK at 336.1365 million, 260.0874 million, 131.1871 million, 127.3734 million, 124.0809 million, and up 288.06%, up 4.29%, up 60.81%, up 2.73%, up 25.25%. And the trade deficits were mainly from POLAND, GERMANY, CHINA, ITALY, LITHUANIA at 420.8089 million, 338.9235 million, 269.0860 million, 174.4289 million, 140.1663 million, and up 15.86%, up 31.10%, up 96.05%, up 16.98%, down 32.68%.

Current year until 202104, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202104,  commodities with hs2 codes, 85, 44, 84, 87, 27, were LATVIA's top five traded commodities. They correspond to the import and export values of 1479.4442 million, 1427.5192 million, 1097.0104 million, 798.9290 million, 648.5185 million, which were up 28.28%, up 40.77%, up 22.16%, up 32.85%, up 35.97% comparing with the same period of last year and account for 11.49%, 11.09%, 8.52%, 6.21%, 5.04% of LATVIA's total imports and exports.

During the current year until 202104, 44, 85, 84, 22, 27 were LATVIA's top five traded commodities, with total import and export values of 1100.3846 million, 675.1603 million, 386.3012 million, 290.2926 million, 290.2392 million. These values correspond to 17.94%, 11.01%, 6.30%, 4.73%, 4.73% of LATVIA's total exports and, respectively, were up 35.51%, up 25.26%, up 18.46%, up 8.93%, up 56.18% comparing to the same period of last year.

During the current year until 202104, 85, 84, 87, 27, 44 were LATVIA's top five traded commodities, with total import values of 804.2840 million, 710.7092 million, 524.3390 million, 358.2793 million, 327.1347 million. These values correspond to 11.93%, 10.54%, 7.78%, 5.31%, 4.85% of LATVIA's total exports and, respectively, were up 30.94%, up 24.27%, up 37.88%, up 23.07%, up 61.88% comparing to the same period of last year.

2. Current year until 202104, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202104, LATVIA-China binational exports and imports of goods amounted to 385.7471 million and were up 55.79% comparing with the same period of last year. Among these, exports from LATVIA to China were 58.3306 million and up 5.72%, imports from China to LATVIA were 327.4166 million and up 70.15%. The total binational trade deficit was 269.0860 million and up 96.05%.

During the urrent year until 202104, commodities with hs2 code, 85, 84, 90, 44, 94, were binational trade's top five traded commodities. They correspond to import and export values of 146.8123 million, 54.2155 million, 28.7167 million, 24.3154 million, 15.2169 million and makes up 38.06%, 14.05%, 7.44%, 6.30%, 3.94% of the total binational imports and exports. These values were also up 85.06%, up 125.42%, up 221.92%, up 10.23%, up 23.83% comparing to the same period last year.

During the current year until 202104, 44, 27, 85, 08, 90 were the top five traded commodities exported to China from LATVIA, with export values of 23.8565 million, 7.7007 million, 5.0895 million, 3.7501 million, 3.2465 million. These values account for 40.90%, 13.20%, 8.73%, 6.43%, 5.57% of LATVIA's total exports and were up 11.01%, down 14.19%, up 9.15%, down 22.03%, up 112.84% comparing to the same period of last year.

During the current year until 202104, 85, 84, 90, 94, 40 were LATVIA's top five traded commodities importing from China , with import values of 141.7228 million, 53.3341 million, 25.4702 million, 14.7319 million, 11.0214 million. These values account for 43.29%, 16.29%, 7.78%, 4.50%, 3.37% of LATVIA's total imports and were up 89.80%, up 130.49%, up 244.42%, up 27.85%, down 5.60% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat