What does Latvia import the most?

Latvia's largest import is petroleum oils, worth $1.7B in 2025, 6.2% of its total imports of $27.8B.

Does Latvia run a trade surplus or deficit?

Latvia ran a trade deficit of $4.5B in 2025: it imported $27.8B of goods and exported $23.4B.

Coal tar oils is Latvia's fastest-growing top import by value, up 120% year over year, reaching $165M in 2025.

$27.8B

2025 · Annual

Latvia yearly trade, 2015-2025

Latvia monthly trade through June 2026

#	Name	Value 2025	Share	YoY
1	Petroleum oils	$1.7B	6.2%	+1.9%
2	Passenger vehicles	$1.5B	5.4%	+37%
3	Medicaments for retail sale	$1B	3.7%	+19%
4	Petroleum gases	$796M	2.9%	+1%
5	Telephones and communication equipment	$761M	2.7%	+7.9%
6	Refined industrial goods	$631M	2.2%	+6.2%
7	Processed materials	$532M	1.9%	-3.1%
8	Specialty equipment	$434M	1.5%	+12%
9	Consumer products	$335M	1.2%	+0.7%
10	Intermediate goods	$236M	0.9%	-5.4%

#	Name	Value 2025	Share	YoY
1	Coal tar oils	$165M	0.6%	+120%
2	Firearms parts and accessories	$62.3M	0.2%	+105%
3	Electric accumulators	$133M	0.5%	+88%
4	Vacuum cleaners	$67.2M	0.2%	+71%
5	Semiconductor devices and components	$148M	0.5%	+64%
6	Refined industrial goods	$123M	0.4%	+6.2%
7	Processed materials	$104M	0.4%	-3.1%
8	Specialty equipment	$84.6M	0.4%	+12%
9	Consumer products	$65.3M	0.4%	+0.7%
10	Intermediate goods	$46M	0.4%	-5.4%

Source & methodology

We use primary trade sources for every country. See our methodology page for how we source and verify this data.

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