Imports per capita are $11,400 while exports per capita are $8,200. Sawn wood is the most exported product and Lithuania the biggest export destination. The most imported product is refined petroleum from Russia.
What are the imports and exports of Latvia?
Economy of Latvia
|Export goods||foodstuffs, wood and wood products, metals, machinery and equipment, textiles|
|Main export partners||Lithuania(+) 15.8% Russia(+) 14% Estonia(+) 10.9% Germany(+) 6.9% Sweden(+) 5.7 United Kingdom(+) 4.9% Poland(+) 4.3% Denmark(+) 4.1% (2017)|
|Imports||$15.79 billion (2017 est.)|
Is Latvia poorer than India?
Latvia has a GDP per capita of $27,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
What is the main industry in Latvia?
Four cornerstones of the Latvian economy are agriculture, chemicals, logistics and woodworking. Other prominent sectors include textiles, food processing, machinery production and green technologies. Agriculture enjoys the fertile soil and temperate climate of Latvia.