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Export Market

Latvia

ISO: LV / LVA

Country Profile

Capital Riga
Population 1.8M
GDP $43.7B (2024)
GDP per Capita $23,409
Income Level High Income
Currency euro (EUR €)
Language Latvian
Timezone UTC+02:00
Region Europe · Northern Europe

Trade Partners

Latvia Exports To

  • Lithuania 19.0%
  • Estonia 6.0%
  • Russia 6.0%
  • Germany 6.0%
  • Sweden 5.0%

Key exports: wood, wheat, broadcasting equipment, packaged medicine, natural gas (2023)

Latvia Imports From

  • Lithuania 18.0%
  • Germany 11.0%
  • Poland 10.0%
  • Estonia 8.0%
  • Finland 5.0%

Key imports: refined petroleum, cars, packaged medicine, broadcasting equipment, natural gas (2023)

Economic Overview

high-income EU and eurozone member; weak recovery following economic contraction, with slight increase in private consumption and uncertain trade environment; challenges from skilled-labor shortages, capital market access, large informal sector, and green and digital transitions

Government: parliamentary republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Latvia, providing preferential market access for UK exporters.

Geographic Region

Europe

Trading Bloc Memberships

Latvia is a member of the following trade agreements and economic blocs.

EEA European Economic Area Single Market UK Agreement EU European Union Political/Economic Union UK Agreement

Export Guidance

Relevant guidance for exporting to Latvia.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇱 Albania FTA 🇦🇩 Andorra 🇦🇹 Austria FTA 🇧🇪 Belgium FTA 🇧🇦 Bosnia and Herzegovina FTA 🇧🇬 Bulgaria FTA 🇭🇷 Croatia FTA 🇨🇾 Cyprus FTA

Official Resources

Government export support for Latvia.

great.gov.uk Market Guide → GOV.UK Country Information →
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