Cars in Latvia | The Observatory of Economic Complexity

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Exports In 2022, Latvia exported $290M in Cars, making it the 46th largest exporter of Cars in the world. At the same year, Cars was the 16th most exported product in Latvia. The main destination of Cars exports from Latvia are: Lithuania ($159M), Estonia ($66.5M), Germany ($21.1M), France ($6.65M), and Sweden ($4.33M).

The fastest growing export markets for Cars of Latvia between 2021 and 2022 were Estonia ($10.6M), Sweden ($2.65M), and Turkey ($2.54M).

Imports In 2022, Latvia imported $788M in Cars, becoming the 76th largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Latvia. Latvia imports Cars primarily from: Germany ($314M), Estonia ($192M), Finland ($53.4M), Poland ($48.8M), and United Kingdom ($38.1M).

The fastest growing import markets in Cars for Latvia between 2021 and 2022 were Germany ($123M), Poland ($22.7M), and United Kingdom ($9.9M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

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Trade Value

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Growth (%)

Year

EXPORTS (2022)$290M

IMPORTS (2022)$788M

NET TRADE (2022)-$498M

In 2022, Latvia exported $290M in Cars. The main destinations of Latvia exports on Cars were Lithuania ($159M), Estonia ($66.5M), Germany ($21.1M), France ($6.65M), and Sweden ($4.33M).

In 2022, Latvia imported $788M in Cars, mainly from Germany ($314M), Estonia ($192M), Finland ($53.4M), Poland ($48.8M), and United Kingdom ($38.1M).

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