Latvia world map

Trade in Latvia

Latvia was the world’s 74th largest exporter of goods and 71st largest exporter of commercial services in 2022. Export values were $24.10 billion and $7.37 billion USD respectively. Latvia’s top export category was Manufactures, followed by Agricultural products, and Machinery and transport equipment. In 2022, Latvia’s main export destination markets for goods and services trade were to Lithuania, Estonia and Russian Deferation, with trade representing 148.50 per cent of GDP. In terms of imports, Latvia is the world’s 75th largest importer of goods and 84th largest importer of commercial services. Import values were $29.50 billion and $5.05 billion USD respectively in 2022. Latvia’s top import category was Manufactures, followed by Machinery and transport equipment and Fuels and mining products. Leading import partners were Lithuania, Germany and Poland. Latvia is part of 47 different Regional Trade Agreements, including EU – Albania and EU – Algeria.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Republic of Latvia





WTO Membership Date

10 February 1999

Legal System

civil law system with traces of socialist legal traditions and practices



Number of Time Zone(s)


Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.



Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • AS UniCredit Bank Latvia - Riga, Latvia - SWIFT: VBRILV2X

  • Swedbank AB Latvia - Riga, Latvia - SWIFT: HABALV22

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Copyright Offices

  • Copyright Unit

  • Ministry of Culture of the Republic of Latvia

Industrial Property Offices

  • Patent Office of the Republic of Latvia

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Ministry of Agriculture Republic of Latvia
    Division of Animal Trade, Welfare and Feed, Veterinary and Food Department
    Phone: +(371) 6702 7245

    Republikas laukums 2

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Mr Normuds Freibergs
    Ministry of Economics of the Republic of Latvia
    Internal Market Department
    Phone: +(371) 67013268

    Brivibas iela 55

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

Trade Information Portal

Last Reviewed: June, 2024

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

Global Trade Helpdesk Organization Logo

Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.