Summary
- Finland → Latvia
- $1.2billion
- Latvia → Finland
- $558million
- Finland’s balance
- $660million
Balance
Finland’s trade balance with Latvia
Trade between Finland and Latvia grew 7.1-fold since 1995
USD billions (current). Finland’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.2
- Imports 0.6
- Balance +0.7
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $195 million | $55 million | $140 million |
| 1996 | $217 million | $49 million | $168 million |
| 1997 | $270 million | $38 million | $232 million |
| 1998 | $305 million | $60 million | $245 million |
| 1999 | $269 million | $41 million | $228 million |
| 2000 | $232 million | $60 million | $172 million |
| 2001 | $231 million | $60 million | $172 million |
| 2002 | $282 million | $68 million | $214 million |
| 2003 | $365 million | $94 million | $272 million |
| 2004 | $430 million | $120 million | $310 million |
| 2005 | $492 million | $204 million | $289 million |
| 2006 | $633 million | $190 million | $443 million |
| 2007 | $754 million | $321 million | $433 million |
| 2008 | $669 million | $352 million | $317 million |
| 2009 | $304 million | $221 million | $84 million |
| 2010 | $517 million | $311 million | $205 million |
| 2011 | $665 million | $645 million | $21 million |
| 2012 | $670 million | $356 million | $314 million |
| 2013 | $704 million | $343 million | $361 million |
| 2014 | $957 million | $271 million | $686 million |
| 2015 | $713 million | $214 million | $499 million |
| 2016 | $600 million | $229 million | $371 million |
| 2017 | $658 million | $252 million | $406 million |
| 2018 | $763 million | $323 million | $441 million |
| 2019 | $730 million | $335 million | $394 million |
| 2020 | $651 million | $352 million | $299 million |
| 2021 | $820 million | $446 million | $374 million |
| 2022 | $925 million | $1.1 billion | -$137 million |
| 2023 | $1.1 billion | $709 million | $410 million |
| 2024 | $1.2 billion | $558 million | $660 million |
What they sell each other
What Finland sells to Latvia
The top 10 headings in 2024, with their share of the total.
What Latvia sells to Finland
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Helsinki and Riga is 236 nautical miles (437 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 Finland’s 19th largest trading partner (1% of its trade), and Finland was Latvia’s 5th (4%).
- Latvia in Finland’s trade
- 1.1%
- Latvia’s rank among Finland’s partners
- 19th
- Finland in Latvia’s trade
- 4.4%
- Finland’s rank among Latvia’s partners
- 5th
Compare with
Other partners of Finland
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.