2023
Exports
$390MWorld Rnk 39 / 102
Flag Rnk 9 / 1196
falsefalse Lithuania
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$421MWorld Rnk 36 / 126
Flag Rnk 6 / 1206

About

Exports In 2023, Latvia exported $390M in Electricity, making it the 39th largest exporter of Electricity in the world. At the same year, Electricity was the 9th most exported product in Latvia. The main destination of Electricity exports from Latvia are: Lithuania ($366M), Estonia ($17.2M), and Russia ($6.98M).

Imports In 2023, Latvia imported $421M in Electricity, becoming the 36th largest importer of Electricity in the world. At the same year, Electricity was the 6th most imported product in Latvia. Latvia imports Electricity primarily from: Estonia ($244M), Lithuania ($113M), and Russia ($64M).

The fastest growing import markets in Electricity for Latvia between 2022 and 2023 were Lithuania ($21.2M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$390M
IMPORTS (2023)$421M
NET TRADE (2023)-$30.7M

In 2023, Latvia exported $390M in Electricity. The main destinations of Latvia exports on Electricity were Lithuania ($366M), Estonia ($17.2M), and Russia ($6.98M).

In 2023, Latvia imported $421M in Electricity, mainly from Estonia ($244M), Lithuania ($113M), and Russia ($64M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Latvia WERE (2022 - 2023):
Lithuania-$587M (-61.6%)
Russia-$4.31M (-38.2%)
Estonia-$868k (-4.81%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Electricity were:
In 2023, Latvia's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $5.58M
TOP IMPORT POTENTIALGermany+ $5.98k

Electricity’s highest export potential is Russia. With an export gap of $5.58M.   Electricity’s highest import potential is Germany with an import gap of $5.98k.

See methodology.

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