1.  Overview the trade of LATVIA in goods current year until 202202

According to Dalian Infobank, in 202202, LATVIA's exports and imports of goods amounted to 3684.1382 million, and were up 21.30% comparing with the same period of last year. Among these, exports were up 12.20% at 1655.8396 million, and imports were up 29.90% at 2028.2986 million. And the corresponding trade deficit was 372.4590 million and up 335.04%.

During the current year until 202202, LATVIA's total exports and imports of goods were 7191.1007 million and were up 22.47% comparing to the same period of last year. Among these, exports were 3290.1957 million and up 16.23%; imports were 3900.9049 million and up 28.28%. The total trade deficit was 610.7092 million and up 190.63%.

If considering by country (region), INTRA-EU, RUSSIA, LITHUANIA, ESTONIA, GERMANY were LATVIA's top five trading partners. During the current year until 202202, LATVIA's imports and exports to five countries/territories were 2722.0800 million, 712.5434 million, 572.2999 million, 348.8447 million, 309.9495 million. These values correspond to 37.85%, 9.91%, 7.96%, 4.85%, 4.31% of LATVIA's imports and exports, and, respectively, were 0, up 38.20%, down 41.32%, down 37.68%, down 40.42% comparing to the same period of last year.

Current year until 202202, LATVIA and the top five trade partners INTRA-EU, RUSSIA, LITHUANIA, ESTONIA, GERMANY are the top five countries/territories that LATVIA exports to in terms of the total export amount. During the current year until 202202, LATVIA's exports to these five countries/territories were 1247.6200 million, 324.0787 million, 255.1857 million, 201.6330 million, 119.8212 million. These values correspond to 37.92%, 9.85%, 7.76%, 6.13%, 3.64% of LATVIA's exports and, respectively, were 0, down 1.00%, down 42.24%, down 31.29%, down 37.73% comparing with the same period of last year.

Current year until 202202, LATVIA's exports to top five countries/territories INTRA-EU, RUSSIA, LITHUANIA, CHINA, GERMANY are the top five countries/territories that LATVIA imports from in terms of the total export amount. During the current year until 202202, LATVIA's imports from these five countries/territories were 1474.4600 million, 388.4647 million, 317.1142 million, 207.5812 million, 190.1282 million. These values correspond to 37.80%, 9.96%, 8.13%, 5.32%, 4.87% of LATVIA's total imports and, respectively, were 0, up 106.38%, down 40.57%, up 30.31%, down 42.00% comparing with the same period of last year.

During the current year until 202202, the trade surplus of LATVIA was mainly from UNITED KINGDOM, ESTONIA, NORWAY, DENMARK, SWEDEN at 78.3825 million, 54.4213 million, 53.0103 million, 49.4023 million, 39.8678 million, and down 51.10%, up 100.17%, up 12.18%, down 35.82%, down 35.03%. And the trade deficits were mainly from INTRA-EU, CHINA, CANADA, POLAND, GERMANY at 226.8400 million, 176.0322 million, 93.8167 million, 91.5295 million, 70.3070 million, and 0, up 36.90%, up 3541.53%, down 47.23%, down 48.08%.

Current year until 202202, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202202,  commodities with hs2 codes, 99, 44, 85, 27, 84, were LATVIA's top five traded commodities. They correspond to the import and export values of 2723.0630 million, 493.0909 million, 480.9419 million, 363.9374 million, 330.2992 million, which were up 206476.70%, down 23.49%, down 35.91%, up 27.45%, down 33.57% comparing with the same period of last year and account for 37.87%, 6.86%, 6.69%, 5.06%, 4.59% of LATVIA's total imports and exports.

During the current year until 202202, 99, 44, 85, 84, 27 were LATVIA's top five traded commodities, with total import and export values of 1248.6030 million, 378.6887 million, 192.9158 million, 136.8499 million, 133.7822 million. These values correspond to 37.95%, 11.51%, 5.86%, 4.16%, 4.07% of LATVIA's total exports and, respectively, were up 94621.38%, down 23.75%, down 43.94%, down 22.40%, down 3.13% comparing to the same period of last year.

During the current year until 202202, 99, 85, 27, 84, 72 were LATVIA's top five traded commodities, with total import values of 1474.4600 million, 288.0261 million, 230.1552 million, 193.4493 million, 176.5715 million. These values correspond to 37.80%, 7.38%, 5.90%, 4.96%, 4.53% of LATVIA's total exports and, respectively, were 0, down 29.10%, up 56.09%, down 39.70%, up 51.91% comparing to the same period of last year.

2. Current year until 202202, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202202, LATVIA-China binational exports and imports of goods amounted to 239.1301 million and were up 25.85% comparing with the same period of last year. Among these, exports from LATVIA to China were 31.5489 million and up 2.73%, imports from China to LATVIA were 207.5812 million and up 30.31%. The total binational trade deficit was 176.0322 million and up 36.90%.

During the urrent year until 202202, commodities with hs2 code, 85, 38, 84, 44, 39, were binational trade's top five traded commodities. They correspond to import and export values of 63.0518 million, 39.2529 million, 29.7910 million, 13.9214 million, 11.1998 million and makes up 26.37%, 16.41%, 12.46%, 5.82%, 4.68% of the total binational imports and exports. These values were also down 10.86%, up 624.61%, up 7.44%, up 9.96%, up 200.84% comparing to the same period last year.

During the current year until 202202, 44, 27, 85, 74, 90 were the top five traded commodities exported to China from LATVIA, with export values of 13.3839 million, 6.2396 million, 3.8877 million, 2.3214 million, 1.2128 million. These values account for 42.42%, 19.78%, 12.32%, 7.36%, 3.84% of LATVIA's total exports and were up 7.64%, up 55.92%, up 50.85%, up 40.99%, up 21.42% comparing to the same period of last year.

During the current year until 202202, 85, 38, 84, 39, 40 were LATVIA's top five traded commodities importing from China , with import values of 59.1641 million, 39.1726 million, 28.9177 million, 11.0475 million, 10.7477 million. These values account for 28.50%, 18.87%, 13.93%, 5.32%, 5.18% of LATVIA's total imports and were down 13.19%, up 655.95%, up 7.04%, up 217.00%, up 41.96% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat