Overview In 2021 Latvia was the number 75 economy in the world in terms of total exports and the number 77 in total imports.
Exports The top exports of Latvia are Sawn Wood ($1.42B), Wheat ($892M), Broadcasting Equipment ($704M), Packaged Medicaments ($615M), and Fuel Wood ($601M), exporting mostly to Lithuania ($3.35B), Estonia ($1.81B), United Kingdom ($1.5B), Germany ($1.44B), and Russia ($1.38B).
In 2021, Latvia was the world's biggest exporter of Wood Stakes ($35.6M)
Imports The top imports of Latvia are Refined Petroleum ($1.85B), Packaged Medicaments ($715M), Broadcasting Equipment ($691M), Electricity ($688M), and Cars ($647M), importing mostly from Lithuania ($3.65B), Russia ($3.52B), Germany ($2.25B), Poland ($2.07B), and Estonia ($1.95B).
Location Latvia borders Belarus, Estonia, Lithuania, and Russia by land and Sweden by sea.