Export to Latvia

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FULL NAME: Republic of Latvia

POPULATION: 2.2 million (UN, 2009)

CAPITAL: Riga

MAJOR LANGUAGES: Latvian, Russian

CURRENCY: Lats

TIME ZONE: GMT+2

INTERNET DOMAIN: .lv

INTERNATIONAL DIALLING CODE: + 371

KEY INDUSTRIES  

  • Buses
  • Vans
  • Street and railroad cars
  • Synthetic fibres
  • Agricultural machinery
  • Fertilizers
  • Washing machines
  • Radios
  • Electronics
  • Pharmaceuticals
  • Processed foods
  • Textiles

GDP (purchasing power parity):   

$32.22 billion (2009 est.)

country comparison to the world: 105

GDP (official exchange rate):   

$26.25 billion (2009 est.)

GDP – real growth rate:   

-18% (2009 est.)

country comparison to the world: 215

GDP – per capita (PPP):   

$14,400 (2009 est.)

country comparison to the world: 80

EXPORTS:   

$7.223 billion (2009 est.)

country comparison to the world: 91

$9.634 billion (2008 est.)

EXPORTS – COMMODITIES:   

  • wood and wood products
  • machinery and equipment
  • metals
  • textiles
  • foodstuffs

EXPORTS – PARTNERS:   

  • Lithuania 15.19%
  • Estonia 13.57%
  • Russia 13.17%
  • Germany 8.13%
  • Sweden 5.7% (2009)

IMPORTS:   

$8.906 billion (2009 est.)

country comparison to the world: 91

$15.65 billion (2008 est.)

IMPORTS – COMMODITIES:   

  • Machinery and equipment
  • Chemicals
  • Fuels
  • Vehicles

IMPORTS – PARTNERS:               

  • Lithuania 16.36%
  • Germany 11.34%
  • Russia 10.68%
  • Poland 8.11%
  • Estonia 7.69% (2009)

Source: www.cia.gov

ONLINE SOURCES

Investment & Development Agency of Latvia http://www.liaa.gov.lv/eng/home/about_us/about_us/

Ministry of Economics – http://www.em.gov.lv/

Latvia Tourism Agency – http://www.latvia.travel/en

NEWSPAPERS

Handel Export Consulting

Telephone: +44 28 9092 3378 Fax: +44 28 9092 3334 Email: info@handelexport.com