India / Latvia

Overview In July 2024, India exported $19.6M and imported $19.8M from Latvia, resulting in a negative trade balance of $161k. Between July 2023 and July 2024 the exports of India have decreased by $-3.61M (-15.6%) from $23.2M to $19.6M, while imports increased by $4.79M (32%) from $15M to $19.8M.

Trade In July 2024, the top exports of India to Latvia were Auto Tyres And Tubes ($7.81M), Agro Chemicals ($1.21M), Atm, Injctng Mlding Mchnry Etc ($1.17M), Drug Formulations, Biologicals ($824k), and Petroleum Products ($579k). In July 2024 the top imports of India from Latvia were Inorganic Chemicals ($10.3M), Iron And Steel ($2.67M), Othr Rubber Prodct Excpt Footw ($1.15M), Organic Chemicals ($487k), and Telecom Instruments ($485k).

Growth In July 2024, the decrease in India's year-by-year exports to Latvia was explained primarily by an decrease in product exports in Iron And Steel ($-948k or -87.4%), Manmade Yarn,Fabrics,Madeups ($-421k or -62%), and Ayush And Herbal Products ($-293k or -82.7%). In July 2024, the increase in India's year-by-year imports  from Latvia was explained primarily by an increase in product imports  in Inorganic Chemicals ($9.54M or 1.33k%), Iron And Steel ($1.09M or 68.9%), and Other Misc. Engineering Items ($359k or 66.8k%).