1.  Overview the trade of LATVIA in goods current year until 202108

According to Dalian Infobank, in 202108, LATVIA's exports and imports of goods amounted to 4151.3600 million, and were up 41.47% comparing with the same period of last year. Among these, exports were up 20.97% at 1667.5066 million, and imports were up 59.63% at 2483.8534 million. And the corresponding trade deficit was 816.3468 million and up 359.89%.

During the current year until 202108, LATVIA's total exports and imports of goods were 28530.0341 million and were up 34.98% comparing to the same period of last year. Among these, exports were 12827.0742 million and up 30.20%; imports were 15702.9598 million and up 39.16%. The total trade deficit was 2875.8856 million and up 100.70%.

If considering by country (region), LITHUANIA, RUSSIA, INTRA-EU, ESTONIA, GERMANY were LATVIA's top five trading partners. During the current year until 202108, LATVIA's imports and exports to five countries/territories were 4021.5731 million, 2909.5645 million, 2825.2800 million, 2371.8141 million, 2196.4792 million. These values correspond to 14.10%, 10.20%, 9.90%, 8.31%, 7.70% of LATVIA's imports and exports, and, respectively, were up 14.36%, up 50.19%, 0, up 12.41%, up 15.37% comparing to the same period of last year.

Current year until 202108, LATVIA and the top five trade partners LITHUANIA, RUSSIA, ESTONIA, INTRA-EU, UNITED KINGDOM are the top five countries/territories that LATVIA exports to in terms of the total export amount. During the current year until 202108, LATVIA's exports to these five countries/territories were 1855.5799 million, 1430.8583 million, 1253.9239 million, 1177.2000 million, 799.4207 million. These values correspond to 14.47%, 11.15%, 9.78%, 9.18%, 6.23% of LATVIA's exports and, respectively, were up 19.98%, up 19.31%, up 8.69%, 0, up 59.50% comparing with the same period of last year.

Current year until 202108, LATVIA's exports to top five countries/territories LITHUANIA, INTRA-EU, RUSSIA, GERMANY, POLAND are the top five countries/territories that LATVIA imports from in terms of the total export amount. During the current year until 202108, LATVIA's imports from these five countries/territories were 2165.9932 million, 1648.0800 million, 1478.7063 million, 1441.0160 million, 1221.4783 million. These values correspond to 13.79%, 10.50%, 9.42%, 9.18%, 7.78% of LATVIA's total imports and, respectively, were up 9.95%, 0, up 100.38%, up 20.39%, up 9.54% comparing with the same period of last year.

During the current year until 202108, the trade surplus of LATVIA was mainly from UNITED KINGDOM, SWEDEN, DENMARK, NORWAY, NIGERIA at 686.0957 million, 207.4272 million, 194.9977 million, 193.9675 million, 174.6757 million, and up 240.70%, up 0.87%, up 25.09%, up 16.78%, up 36.85%. And the trade deficits were mainly from POLAND, GERMANY, CHINA, CANADA, INTRA-EU at 769.7648 million, 685.5529 million, 530.6832 million, 473.5466 million, 470.8800 million, and up 2.89%, up 39.89%, up 57.77%, down 4775.16%, 0.

Current year until 202108, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202108,  commodities with hs2 codes, 44, 99, 85, 84, 27, were LATVIA's top five traded commodities. They correspond to the import and export values of 2943.9042 million, 2830.5155 million, 2668.0654 million, 2116.1360 million, 1819.2711 million, which were up 44.62%, up 56500.81%, up 7.84%, up 14.77%, up 69.61% comparing with the same period of last year and account for 10.32%, 9.92%, 9.35%, 7.42%, 6.38% of LATVIA's total imports and exports.

During the current year until 202108, 44, 85, 99, 84, 27 were LATVIA's top five traded commodities, with total import and export values of 2202.7742 million, 1213.8238 million, 1182.4355 million, 775.6842 million, 594.6096 million. These values correspond to 17.17%, 9.46%, 9.22%, 6.05%, 4.64% of LATVIA's total exports and, respectively, were up 36.75%, up 5.45%, up 23544.74%, up 13.32%, up 62.33% comparing to the same period of last year.

During the current year until 202108, 99, 85, 84, 27, 87 were LATVIA's top five traded commodities, with total import values of 1648.0800 million, 1454.2416 million, 1340.4518 million, 1224.6615 million, 1001.8342 million. These values correspond to 10.50%, 9.26%, 8.54%, 7.80%, 6.38% of LATVIA's total exports and, respectively, were 0, up 9.92%, up 15.63%, up 73.39%, up 34.44% comparing to the same period of last year.

2. Current year until 202108, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202108, LATVIA-China binational exports and imports of goods amounted to 765.0803 million and were up 31.17% comparing with the same period of last year. Among these, exports from LATVIA to China were 117.1985 million and down 5.07%, imports from China to LATVIA were 647.8817 million and up 40.90%. The total binational trade deficit was 530.6832 million and up 57.77%.

During the urrent year until 202108, 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 288.3061 million, 100.3268 million, 51.8753 million, 45.8843 million, 28.7539 million and makes up 37.68%, 13.11%, 6.78%, 6.00%, 3.76% of the total binational imports and exports. These values were also up 53.43%, up 85.24%, up 151.52%, down 5.15%, up 15.79% comparing to the same period last year.

During the current year until 202108, 44, 27, 85, 90, 74 were the top five traded commodities exported to China from LATVIA, with export values of 45.0548 million, 14.9448 million, 11.3641 million, 9.1821 million, 8.5539 million. These values account for 38.44%, 12.75%, 9.70%, 7.83%, 7.30% of LATVIA's total exports and were down 3.68%, down 22.14%, up 9.68%, up 145.83%, up 186.05% comparing to the same period of last year.

During the current year until 202108, 85, 84, 90, 94, 38 were LATVIA's top five traded commodities importing from China , with import values of 276.9420 million, 98.5022 million, 42.6932 million, 27.7558 million, 25.4087 million. These values account for 42.75%, 15.20%, 6.59%, 4.28%, 3.92% of LATVIA's total imports and were up 55.98%, up 91.48%, up 152.78%, up 19.85%, up 434.41% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat