Latvia - Foreign trade



Like most of the former Soviet republics, Latvia's trade was formerly dominated by the other Soviet states, but it has been relatively successful in achieving a wider range of trade partners.

Latvia's major commodity exports include wood (29%), iron and steel (6.3%), textile yarn (5.6%), furniture (4.5%), and fish (1%).

In 2000 Latvia's imports were distributed among the following categories:

Latvia

Consumer goods 18.8%
Food 10.6%
Fuels 12.1%
Industrial supplies 30.1%
Machinery 19.7%
Transportation 8.3%
Other 0.4%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Latvia

COUNTRY EXPORTS IMPORTS BALANCE
United Kingdom 325 85 240
Germany 321 499 -178
Sweden 203 216 -13
Lithuania 142 242 -100
Denmark 109 115 -6
Estonia 99 199 -100
Russia 78 370 -292
Netherlands 75 110 -35
Finland 36 276 -240
Poland 30 152 -122

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA


Latvia forum