1.  Overview the trade of LATVIA in goods current year until 202109

According to Dalian Infobank, in 202109, LATVIA's exports and imports of goods amounted to 4155.9968 million, and were up 20.72% comparing with the same period of last year. Among these, exports were up 15.88% at 1894.3285 million, and imports were up 25.09% at 2261.6683 million. And the corresponding trade deficit was 367.3398 million and up 111.81%.

During the current year until 202109, LATVIA's total exports and imports of goods were 32815.8946 million and were up 33.34% comparing to the same period of last year. Among these, exports were 14901.7207 million and up 29.53%; imports were 17914.1739 million and up 36.69%. The total trade deficit was 3012.4533 million and up 88.17%.

If considering by country (region), LITHUANIA, RUSSIA, INTRA-EU, ESTONIA, GERMANY were LATVIA's top five trading partners. During the current year until 202109, LATVIA's imports and exports to five countries/territories were 4729.5357 million, 3308.5238 million, 2942.5000 million, 2802.1651 million, 2549.5485 million. These values correspond to 14.41%, 10.08%, 8.97%, 8.54%, 7.77% of LATVIA's imports and exports, and, respectively, were up 16.15%, up 46.89%, 0, up 16.17%, up 15.96% comparing to the same period of last year.

Current year until 202109, 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 202109, LATVIA's exports to these five countries/territories were 2150.6719 million, 1627.7740 million, 1480.8785 million, 1294.7000 million, 970.6718 million. These values correspond to 14.43%, 10.92%, 9.94%, 8.69%, 6.51% of LATVIA's exports and, respectively, were up 20.57%, up 14.53%, up 13.72%, 0, up 64.54% comparing with the same period of last year.

Current year until 202109, LATVIA's exports to top five countries/territories LITHUANIA, RUSSIA, INTRA-EU, GERMANY, POLAND are the top five countries/territories that LATVIA imports from in terms of the total export amount. During the current year until 202109, LATVIA's imports from these five countries/territories were 2578.8638 million, 1680.7498 million, 1647.8000 million, 1642.4310 million, 1410.8054 million. These values correspond to 14.40%, 9.38%, 9.20%, 9.17%, 7.88% of LATVIA's total imports and, respectively, were up 12.70%, up 102.23%, 0, up 19.61%, up 9.47% comparing with the same period of last year.

During the current year until 202109, the trade surplus of LATVIA was mainly from UNITED KINGDOM, SWEDEN, DENMARK, NIGERIA, NORWAY at 840.0362 million, 247.8503 million, 230.0555 million, 229.9444 million, 218.9342 million, and up 265.82%, up 17.71%, up 23.95%, up 65.31%, up 15.47%. And the trade deficits were mainly from POLAND, GERMANY, CHINA, CANADA, LITHUANIA at 889.8588 million, 735.3134 million, 604.2182 million, 571.6398 million, 428.1918 million, and up 2.87%, up 34.29%, up 54.98%, up 570.55%, down 15.14%.

Current year until 202109, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202109,  commodities with hs2 codes, 44, 85, 99, 84, 27, were LATVIA's top five traded commodities. They correspond to the import and export values of 3409.0827 million, 3046.3251 million, 2948.3939 million, 2410.4679 million, 2223.9824 million, which were up 47.60%, up 5.55%, up 53390.39%, up 13.07%, up 79.39% comparing with the same period of last year and account for 10.39%, 9.28%, 8.98%, 7.35%, 6.78% of LATVIA's total imports and exports.

During the current year until 202109, 44, 85, 99, 84, 27 were LATVIA's top five traded commodities, with total import and export values of 2556.9281 million, 1377.6978 million, 1300.5939 million, 882.5776 million, 721.7099 million. These values correspond to 17.16%, 9.25%, 8.73%, 5.92%, 4.84% of LATVIA's total exports and, respectively, were up 40.92%, up 2.26%, up 23495.65%, up 10.63%, up 73.03% comparing to the same period of last year.

During the current year until 202109, 85, 99, 84, 27, 87 were LATVIA's top five traded commodities, with total import values of 1668.6273 million, 1647.8000 million, 1527.8903 million, 1502.2726 million, 1113.8909 million. These values correspond to 9.31%, 9.20%, 8.53%, 8.39%, 6.22% of LATVIA's total exports and, respectively, were up 8.43%, 0, up 14.53%, up 82.61%, up 29.35% comparing to the same period of last year.

2. Current year until 202109, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202109, LATVIA-China binational exports and imports of goods amounted to 875.7093 million and were up 30.45% comparing with the same period of last year. Among these, exports from LATVIA to China were 135.7455 million and down 3.52%, imports from China to LATVIA were 739.9637 million and up 39.46%. The total binational trade deficit was 604.2182 million and up 54.98%.

During the urrent year until 202109, commodities with hs2 code, 85, 84, 90, 44, 38, were binational trade's top five traded commodities. They correspond to import and export values of 328.2966 million, 111.4266 million, 56.2965 million, 55.1623 million, 35.1789 million and makes up 37.49%, 12.72%, 6.43%, 6.30%, 4.02% of the total binational imports and exports. These values were also up 48.70%, up 76.65%, up 149.73%, down 1.16%, up 456.36% comparing to the same period last year.

During the current year until 202109, 44, 27, 85, 90, 74 were the top five traded commodities exported to China from LATVIA, with export values of 54.1740 million, 17.1830 million, 12.8736 million, 10.4371 million, 9.8134 million. These values account for 39.91%, 12.66%, 9.48%, 7.69%, 7.23% of LATVIA's total exports and were up 0.27%, down 16.64%, up 7.04%, up 147.99%, up 174.25% comparing to the same period of last year.

During the current year until 202109, 85, 84, 90, 38, 94 were LATVIA's top five traded commodities importing from China , with import values of 315.4230 million, 109.5629 million, 45.8594 million, 34.4291 million, 31.1139 million. These values account for 42.63%, 14.81%, 6.20%, 4.65%, 4.20% of LATVIA's total imports and were up 51.10%, up 82.61%, up 150.14%, up 497.18%, up 19.35% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat