India / Latvia

Overview In December 2024, India exported $20.9M and imported $12.8M from Latvia, resulting in a positive trade balance of $8.1M. Between December 2023 and December 2024 the exports of India have increased by $961k (4.83%) from $19.9M to $20.9M, while imports decreased by $-3.41M (-21.1%) from $16.2M to $12.8M.

Trade In December 2024, the top exports of India to Latvia were Drug Formulations, Biologicals ($9.13M), Auto Tyres And Tubes ($2.3M), Agro Chemicals ($1.02M), Iron And Steel ($843k), and Packaging Materials ($308k). In December 2024 the top imports of India from Latvia were Inorganic Chemicals ($4.57M), Iron And Steel ($1.3M), Plywood And Allied Products ($755k), Telecom Instruments ($491k), and Paint, Varnish And Allid Prodc ($169k).

Growth In December 2024, the increase in India's year-by-year exports to Latvia was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($8.3M or 1.01k%), Iron And Steel ($706k or 516%), and Ayush And Herbal Products ($236k or 386%). In December 2024, the decrease in India's year-by-year imports  from Latvia was explained primarily by an decrease in product imports  in Inorganic Chemicals ($-5.68M or -55.4%), Iron And Steel ($-1.38M or -51.5%), and Othr Rubber Prodct Excpt Footw ($-995k or -86.9%).