1.  Overview the trade of LATVIA in goods current year until 202209

According to Dalian Infobank, in 202209, LATVIA's exports and imports of goods amounted to 4903.5558 million, and were up 13.30% comparing with the same period of last year. Among these, exports were up 11.77% at 2289.2869 million, and imports were up 14.68% at 2614.2689 million. And the corresponding trade deficit was 324.9820 million and up 40.51%.

During the current year until 202209, LATVIA's total exports and imports of goods were 39133.1274 million and were up 18.37% comparing to the same period of last year. Among these, exports were 17431.1871 million and up 16.24%; imports were 21701.9403 million and up 20.14%. The total trade deficit was 4270.7532 million and up 39.20%.

If considering by country (region), LITHUANIA, INTRA-EU, ESTONIA, RUSSIA, GERMANY were LATVIA's top five trading partners. During the current year until 202209, LATVIA's imports and exports to five countries/territories were 7086.4417 million, 3763.5200 million, 3651.6151 million, 3235.3798 million, 2953.0138 million. These values correspond to 18.11%, 9.62%, 9.33%, 8.27%, 7.55% of LATVIA's imports and exports, and, respectively, were up 30.21%, 0, up 13.00%, down 2.46%, up 0.91% comparing to the same period of last year.

Current year until 202209, LATVIA and the top five trade partners LITHUANIA, ESTONIA, RUSSIA, INTRA-EU, GERMANY are the top five countries/territories that LATVIA exports to in terms of the total export amount. During the current year until 202209, LATVIA's exports to these five countries/territories were 2769.3992 million, 1759.5177 million, 1614.4594 million, 1584.6400 million, 1067.2056 million. These values correspond to 15.89%, 10.09%, 9.26%, 9.09%, 6.12% of LATVIA's exports and, respectively, were up 12.28%, up 6.84%, down 1.36%, 0, up 3.78% comparing with the same period of last year.

Current year until 202209, LATVIA's exports to top five countries/territories LITHUANIA, INTRA-EU, ESTONIA, GERMANY, POLAND are the top five countries/territories that LATVIA imports from in terms of the total export amount. During the current year until 202209, LATVIA's imports from these five countries/territories were 4317.0425 million, 2178.8800 million, 1892.0974 million, 1885.8082 million, 1767.2276 million. These values correspond to 19.89%, 10.04%, 8.72%, 8.69%, 8.14% of LATVIA's total imports and, respectively, were up 45.07%, 0, up 19.40%, down 0.65%, up 7.57% comparing with the same period of last year.

During the current year until 202209, the trade surplus of LATVIA was mainly from UNITED KINGDOM, SWEDEN, UNITED STATES, DENMARK, NORWAY at 739.4944 million, 328.6876 million, 280.4748 million, 235.2072 million, 231.4468 million, and down 28.12%, up 24.42%, up 61.47%, down 3.88%, up 5.03%. And the trade deficits were mainly from LITHUANIA, POLAND, GERMANY, CHINA, INTRA-EU at 1547.6432 million, 1199.7342 million, 818.6026 million, 624.9803 million, 594.2400 million, and up 203.75%, up 13.78%, down 5.89%, up 4.14%, 0.

Current year until 202209, LATVIA's trade surplus or deficit with top five countries/territories During the current year until 202209,  commodities with hs2 codes, 27, 99, 44, 85, 84, were LATVIA's top five traded commodities. They correspond to the import and export values of 5142.9216 million, 3787.0730 million, 3583.0146 million, 3171.9970 million, 2600.2916 million, which were up 101.71%, up 58588.27%, down 4.48%, down 5.42%, down 1.88% comparing with the same period of last year and account for 13.14%, 9.68%, 9.16%, 8.11%, 6.64% of LATVIA's total imports and exports.

During the current year until 202209, 44, 99, 27, 85, 84 were LATVIA's top five traded commodities, with total import and export values of 2809.1248 million, 1591.5845 million, 1576.0115 million, 1354.6384 million, 997.1011 million. These values correspond to 16.12%, 9.13%, 9.04%, 7.77%, 5.72% of LATVIA's total exports and, respectively, were down 0.95%, up 24564.78%, up 84.08%, down 10.88%, up 5.49% comparing to the same period of last year.

During the current year until 202209, 27, 99, 85, 84, 87 were LATVIA's top five traded commodities, with total import values of 3566.9101 million, 2195.4885 million, 1817.3586 million, 1603.1904 million, 1247.7121 million. These values correspond to 16.44%, 10.12%, 8.37%, 7.39%, 5.75% of LATVIA's total exports and, respectively, were up 110.62%, 0, down 0.90%, down 5.97%, down 0.49% comparing to the same period of last year.

2. Current year until 202209, LATVIA binational trade profile

According to Dalian Infobank, during the current year until 202209, LATVIA-China binational exports and imports of goods amounted to 1001.5062 million and were up 14.11% comparing with the same period of last year. Among these, exports from LATVIA to China were 188.2629 million and up 35.64%, imports from China to LATVIA were 813.2432 million and up 10.06%. The total binational trade deficit was 624.9803 million and up 4.14%.

During the urrent year until 202209, commodities with hs2 code, 85, 84, 44, 38, 90, were binational trade's top five traded commodities. They correspond to import and export values of 303.4468 million, 121.3048 million, 63.3455 million, 58.3592 million, 47.4618 million and makes up 30.30%, 12.11%, 6.33%, 5.83%, 4.74% of the total binational imports and exports. These values were also down 7.65%, up 9.46%, up 11.83%, up 65.89%, down 15.81% comparing to the same period last year.

During the current year until 202209, 44, 27, 90, 85, 74 were the top five traded commodities exported to China from LATVIA, with export values of 60.9336 million, 37.4985 million, 21.4614 million, 16.6433 million, 11.5609 million. These values account for 32.37%, 19.92%, 11.40%, 8.84%, 6.14% of LATVIA's total exports and were up 9.49%, up 115.10%, up 105.16%, up 26.09%, up 17.81% comparing to the same period of last year.

During the current year until 202209, 85, 84, 38, 40, 94 were LATVIA's top five traded commodities importing from China , with import values of 286.8035 million, 117.0657 million, 52.7896 million, 46.5056 million, 33.0922 million. These values account for 35.27%, 14.39%, 6.49%, 5.72%, 4.07% of LATVIA's total imports and were down 9.06%, up 7.49%, up 53.33%, up 50.99%, up 6.33% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat