Latvia’s main trading partners are Germany, Lithuania, Estonia, Russia, Poland, and the United Kingdom. Exports include wood and wood products, metals, foodstuffs, and textiles. Latvia imports machinery, oil, foodstuffs, and chemical products.
What are major 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.)|
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.
What is Finland’s main export?
Finland’s key export sectors are transportation, electronics, forestry, machinery, and chemicals.
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 are the major imports of Latvia?
Imports: The top imports of Latvia are Refined Petroleum ($3.07B), Broadcasting Equipment ($696M), Cars ($646M), Packaged Medicaments ($599M), and Planes, Helicopters, and/or Spacecraft ($534M), importing mostly from Russia ($4.43B), Lithuania ($2.95B), Germany ($1.83B), Poland ($1.59B), and Estonia ($1.42B).