Cars in Latvia

EXPORTS (2018): $298M, World Rnk 48 / 209
Flag Rnk 11 / 1120

TOP DESTINATION (2018): $150M, Lithuania

FASTEST GROWING MARKET (2017 - 2018): $51.1M, Estonia

IMPORTS (2018): $718M, World Rnk 72 / 220
Flag Rnk 2 / 1175

TOP ORIGIN (2018): $273M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $30.7M, Estonia

ECONOMIC COMPLEXITY of Latvia (2018): 0.84, Rnk 36 / 137

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

Overview: This page contains the latest trade data of Cars in Latvia.

Exports: In 2018, Latvia exported $298M in Cars, making it the 48th largest exporter of Cars in the world. At the same year, Cars was the 11th most exported product in Latvia. The main destination of Cars exports from Latvia are: Lithuania ($150M), Estonia ($73.9M), Germany ($19.9M), France ($15M), and Belgium-Luxembourg ($12.4M).

The fastest growing export markets for Cars of Latvia between 2017 and 2018 were Estonia ($51.1M), Lithuania ($28.8M), and France ($6.95M).

Imports: In 2018, Latvia imported $718M in Cars, becoming the 72nd largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Latvia. Latvia imports Cars primarily from: Germany ($273M), Estonia ($186M), Poland ($44.1M), Finland ($37.7M), and Lithuania ($29.9M).

The fastest growing import markets in Cars for Latvia between 2017 and 2018 were Estonia ($30.7M), Slovakia ($18.9M), and Russia ($17.8M).

Tariffs: In 2017, the average tariff for Latvia in Cars was 3.23%. The countries with the highest import tariffs for Cars were Western Sahara (9.82%), Gabon (9.82%), Libya (9.82%), Mayotte (9.82%), and Reunion (9.82%).

Value

EXPORTS (2018): $298M

IMPORTS (2018): $718M

NET TRADE (2018): -$420M

In 2018, Latvia exported $298M in Cars. The main destinations of Latvia exports on Cars were Lithuania ($150M), Estonia ($73.9M), Germany ($19.9M), France ($15M), and Belgium-Luxembourg ($12.4M).

In 2018, Latvia imported $718M in Cars, mainly from Germany ($273M), Estonia ($186M), Poland ($44.1M), Finland ($37.7M), and Lithuania ($29.9M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Cars WITH:

  • Lithuania, $120M ($150M - $29.9M)
  • France, $12.8M ($15M - $2.2M)
  • China, $9.08M ($10M - $922k)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Germany, -$254M ($19.9M - $273M)
  • Estonia, -$112M ($73.9M - $186M)
  • Poland, -$42.3M ($1.85M - $44.1M)
Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Latvia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Latvia's main exporting competitors in Cars were:

In 2018, Latvia's main importing competitors in Cars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars in Latvia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Latvia in Cars was 3.23%.

The countries with the highest tariffs for Cars in Latvia were Western Sahara (9.82%), Gabon (9.82%), Libya (9.82%), Mayotte (9.82%), and Reunion (9.82%).

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