Electricity in Latvia | The Observatory of Economic Complexity

About

Exports In 2022, Latvia exported $843M in Electricity, making it the 30th largest exporter of Electricity in the world. At the same year, Electricity was the 4th most exported product in Latvia. The main destination of Electricity exports from Latvia are: Lithuania ($814M), Estonia ($18.1M), and Russia ($11.3M).

The fastest growing export markets for Electricity of Latvia between 2021 and 2022 were Lithuania ($411M) and Russia ($3.8M).

Imports In 2022, Latvia imported $1.47B in Electricity, becoming the 25th largest importer of Electricity in the world. At the same year, Electricity was the 3rd most imported product in Latvia. Latvia imports Electricity primarily from: Estonia ($1.13B), Russia ($254M), Lithuania ($92.4M), and Uzbekistan ($1.07k).

The fastest growing import markets in Electricity for Latvia between 2021 and 2022 were Estonia ($720M), Russia ($99.5M), and Uzbekistan ($87).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Electricity from Latvia to the United States.

Feb 2024

View

LinePlot

StackedArea

Flow

Exports

Imports

Y-AXIS SCALE

Linear

Log

Value

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 Electricity. Countries are shown based on data availability.

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

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$843M

IMPORTS (2022)$1.47B

NET TRADE (2022)-$629M

In 2022, Latvia exported $843M in Electricity. The main destinations of Latvia exports on Electricity were Lithuania ($814M), Estonia ($18.1M), and Russia ($11.3M).

In 2022, Latvia imported $1.47B in Electricity, mainly from Estonia ($1.13B), Russia ($254M), Lithuania ($92.4M), and Uzbekistan ($1.07k).