1945

In 2013, the value of merchandise exports of Latvia increased slightly by 4.8 percent to reach 13.3 bln US$, while its merchandise imports increased slightly by 3.8 percent to reach 16.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 3.4 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -3.8 bln US$ (see graph 4). Merchandise exports in Latvia were diversified amongst partners; imports were also diversified. The top 14 partners accounted for 80 percent or more of exports and 12 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Latvia increased slightly by 1.1 percent, reaching 4.5 bln US$, while its imports of services decreased slightly by 0.8 percent and reached 2.6 bln US$ (see graph 2). There was a moderate trade in services surplus of 1.9 bln US$.

Related Subject(s): International Trade and Finance
Countries: Latvia
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