Full trade & compliance profile
Latvia — Trade & Compliance
Latvia's trade profile consolidates its merchandise flow from CEPII BACI, the preferential agreements it has entered from the World Bank, the international cargo conventions it has ratified from the UN Treaty Collection, and its applied tariff, VAT and currency of record from the World Bank, the EU and ISO 4217.
Every figure is shown as its named source records it and dated where the source dates it; trade partners and product codes link to their own pages where logibook profiles them.
53
trade agreements
7
cargo treaties
5.24%
MFN applied tariff
Memberships & standing
DatabookThe Record of Consolidated Knowledge
Latvia beyond logistics?
Trade Flow
Top export markets
- 1Lithuania17.8%
- 2Estonia9.2%
- 3Germany6.1%
- 4United Kingdom5.7%
- 5Russian Federation5.5%
Leading export goods (HS2)
- 1Wood16.4%
- 2Electrical machinery9.5%
- 3Mineral fuels & oils6.7%
- 4Machinery & mechanical appliances5.0%
- 5Cereals4.8%
Leading import goods (HS2)
- 1Mineral fuels & oils11.7%
- 2Electrical machinery10.1%
- 3Vehicles8.8%
- 4Machinery & mechanical appliances8.1%
- 5Pharmaceuticals4.5%
Declining export markets
- 1Finland−1.49pp
- 2Saudi Arabia−1.10pp
- 3Morocco−1.06pp
Fastest-rising export goods
- 1Electrical machinery+1.66pp
- 2Beverages & spirits+1.20pp
- 3Vehicles+0.93pp
Declining export goods
- 1Mineral fuels & oils−8.29pp
- 2Cereals−1.22pp
- 3Machinery & mechanical appliances−0.29pp
Showing the leading partners and product groups by trade share; the full bilateral flow matrix is in — CEPII BACI · 2024
Preferential Trade Agreements
EU - United Kingdom2021
EU - Pacific States - Accession of Solomon Islands2020
EU - Viet Nam2020
EU - Eastern and Southern Africa States - Accession of Comoros2019
EU - Japan2019
EU - Singapore2019
EU - Armenia2018
EU - Pacific States - Accession of Samoa2018
EU - Canada2017
EU - Colombia and Peru - Accession of Ecuador2017
EU - Côte d'Ivoire2016
EU - Ghana2016
EU - SADC2016
EU - Cameroon2014
EU - Georgia2014
EU - Moldova, Republic of2014
EU - Ukraine2014
EU - Central America2013
EU - Colombia, Ecuador and Peru2013
EU (28) Enlargement2013
EU - Eastern and Southern Africa States2012
EU - Korea, Republic of2011
EU - Serbia2010
EU - Pacific States2009
EU - Bosnia and Herzegovina2008
EU - CARIFORUM States2008
EU - Montenegro2008
EC (27) Enlargement2007
EU - Albania2006
EU - Algeria2005
EC (25) Enlargement2004
EU - Egypt2004
EU - Chile2003
EU - Lebanon2003
EU - Jordan2002
EU - San Marino2002
EU - North Macedonia2001
EU - Israel2000
EU - Mexico2000
EU - Morocco2000
EU - South Africa2000
EU - Tunisia1998
EU - Faroe Islands1997
EU - Palestine1997
EU - Türkiye1996
European Economic Area (EEA)1994
EU - Andorra1991
EU - Syria1977
EU - Iceland1973
EU - Norway1973
EU - Switzerland - Liechtenstein1973
EU – Overseas Countries and Territories (OCT)1971
EU Treaty1958
International Cargo Treaties
- ✓Convention on the International Maritime Organization. Geneva, 6 March 1948
- ✓Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction. New York, 19 June 2023
- ✓Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. New York, 4 August 1995
- ✓United Nations Convention on Contracts for the International Sale of Goods. Vienna, 11 April 1980
- ✓Customs Convention on the International Transport of Goods under Cover of TIR Carnets (TIR Convention). Geneva, 14 November 1975
- ✓Convention on the Territorial Sea and the Contiguous Zone. Geneva, 29 April 1958
- ✓International Convention on the Harmonization of Frontier Controls of Goods. Geneva, 21 October 1982
Fiscal & Tariffs
Currency
EUR
Euro
MFN applied tariff
5.24%
simple average (2022)
Value-added tax
21%
standard rate
Sanctions & restrictive measures
On the EU list
4
Listed entities includeIgor Jurjevič KOROČENKOIgor Borisovitj BAGNJUK
4 entities on UN/EU restrictive-measures lists — full lists: UN Security Council Consolidated List · 2026-04 · EU Consolidated Sanctions List
Key commodities
Top agricultural output
Wheat
2.5M t
Top mineral output
aggregates, primary
6.1M tonnes (metric)
Energy production
Primary energy production
Top item per category of 97 commodities tracked — full lists: FAOSTAT · 2026-05 · British Geological Survey · U.S. EIA
All Sources
Referencelogibook trade-bloc referencelogibook trade-bloc reference
Compiled (public facts)
commoditythe U.S. Energy Information Administrationthe U.S. Energy Information Administration
Public domain (US gov)↗
Referenceinternational organisation membership recordsinternational organisation membership records
Public (official lists)↗
Sanctions & compliancethe EU Consolidated Sanctions Listthe EU Consolidated Sanctions List
© EU — free reuse↗