Summary
- Estonia → Latvia
- $1.7billion
- Latvia → Estonia
- $1.2billion
- Estonia’s balance
- $481million
Balance
Estonia’s trade balance with Latvia
Trade between Estonia and Latvia grew 16.7-fold since 1995
USD billions (current). Estonia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.7
- Imports 1.2
- Balance +0.5
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $123 million | $54 million | $68 million |
| 1996 | $162 million | $66 million | $96 million |
| 1997 | $199 million | $82 million | $117 million |
| 1998 | $259 million | $98 million | $160 million |
| 1999 | $215 million | $97 million | $118 million |
| 2000 | $198 million | $109 million | $88 million |
| 2001 | $213 million | $102 million | $111 million |
| 2002 | $230 million | $107 million | $123 million |
| 2003 | $322 million | $149 million | $174 million |
| 2004 | $500 million | $234 million | $266 million |
| 2005 | $672 million | $347 million | $325 million |
| 2006 | $841 million | $487 million | $355 million |
| 2007 | $1.2 billion | $622 million | $581 million |
| 2008 | $1.1 billion | $748 million | $311 million |
| 2009 | $682 million | $569 million | $113 million |
| 2010 | $727 million | $779 million | -$52 million |
| 2011 | $1 billion | $934 million | $107 million |
| 2012 | $1.1 billion | $941 million | $155 million |
| 2013 | $1.2 billion | $987 million | $218 million |
| 2014 | $1.4 billion | $882 million | $536 million |
| 2015 | $1.1 billion | $736 million | $396 million |
| 2016 | $1.1 billion | $700 million | $425 million |
| 2017 | $1.3 billion | $793 million | $463 million |
| 2018 | $1.5 billion | $913 million | $636 million |
| 2019 | $1.5 billion | $931 million | $521 million |
| 2020 | $1.4 billion | $967 million | $443 million |
| 2021 | $1.9 billion | $1.2 billion | $717 million |
| 2022 | $2.6 billion | $1.6 billion | $973 million |
| 2023 | $1.9 billion | $1.2 billion | $692 million |
| 2024 | $1.7 billion | $1.2 billion | $481 million |
What they sell each other
What Estonia sells to Latvia
The top 10 headings in 2024, with their share of the total.
What Latvia sells to Estonia
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Tallinn and Riga is 211 nautical miles (390 km) long: ≈ 0.5 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Latvia was Estonia’s 4th largest trading partner (7% of its trade), and Estonia was Latvia’s 4th (7%).
- Latvia in Estonia’s trade
- 7.2%
- Latvia’s rank among Estonia’s partners
- 4th
- Estonia in Latvia’s trade
- 7.3%
- Estonia’s rank among Latvia’s partners
- 4th
Compare with
Other partners of Estonia
Other partners of Latvia
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.