Overview In 2019 Latvia was the number 97 economy in the world in terms of GDP (current US$), the number 79 in total exports, the number 77 in total imports,
the number 50 economy in terms of GDP per capita (current US$) and the number 35 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Latvia are Sawn Wood ($768M), Broadcasting Equipment ($703M), Hard Liquor ($557M), Wheat ($539M), and Packaged Medicaments ($526M), exporting mostly to Lithuania ($2.41B), Estonia ($1.46B), Russia ($1.29B), Germany ($1.07B), and Sweden ($970M).
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).
Location Latvia borders Belarus, Estonia, Lithuania, and Russia by land and Sweden by sea.