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Trade between Germany and Latvia

In 2024, Germany exported $2.4 billion to Latvia and imported $1.1 billion. Germany ran a surplus of $1.4 billion with Latvia, compared with a surplus of $835 million in 2019. Latvia was Germany’s 62nd largest trading partner (0.1% of its trade), and Germany was Latvia’s 2nd (9%).

Summary

Germany → Latvia
$2.4billion
Latvia → Germany
$1.1billion
Germany’s balance
$1.4billion

Balance

Germany’s trade balance with Latvia

Trade between Germany and Latvia grew 5.1-fold since 1995

USD billions (current). Germany’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.4
  • Imports 1.1
  • Balance +1.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$294 million$388 million-$94 million
1996$351 million$325 million$26 million
1997$457 million$383 million$74 million
1998$560 million$359 million$201 million
1999$459 million$355 million$104 million
2000$433 million$359 million$74 million
2001$534 million$405 million$129 million
2002$610 million$404 million$206 million
2003$799 million$501 million$298 million
2004$968 million$485 million$483 million
2005$1.2 billion$520 million$651 million
2006$1.7 billion$627 million$1.1 billion
2007$2.2 billion$641 million$1.6 billion
2008$1.9 billion$721 million$1.2 billion
2009$956 million$595 million$362 million
2010$1.2 billion$794 million$377 million
2011$1.7 billion$938 million$746 million
2012$1.6 billion$879 million$734 million
2013$1.7 billion$893 million$787 million
2014$1.7 billion$891 million$812 million
2015$1.4 billion$705 million$740 million
2016$1.5 billion$790 million$730 million
2017$1.7 billion$935 million$739 million
2018$1.8 billion$1.1 billion$725 million
2019$1.8 billion$982 million$835 million
2020$1.7 billion$1.1 billion$575 million
2021$2.3 billion$1.3 billion$989 million
2022$2.5 billion$1.3 billion$1.2 billion
2023$2.6 billion$1.2 billion$1.4 billion
2024$2.4 billion$1.1 billion$1.4 billion

What they sell each other

What Germany sells to Latvia

The top 10 headings in 2024, with their share of the total.

  1. Cars$488 million · 20.2%
    25 thousand tonnes · Germany’s destinations
  2. Auto parts$65 million · 2.7%
    6 thousand tonnes · Germany’s destinations
  3. Medicines in measured doses or retail packs$65 million · 2.7%
    2 thousand tonnes · Germany’s destinations
  4. Trucks$43 million · 1.8%
    4 thousand tonnes · Germany’s destinations
  5. Trailers$36 million · 1.5%
    7 thousand tonnes
  6. Refined petroleum$35 million · 1.4%
    32 thousand tonnes · Germany’s destinations
  7. Industrial fatty acids and oils$31 million · 1.3%
    24 thousand tonnes
  8. Other plastic articles$27 million · 1.1%
    2 thousand tonnes
  9. Cables and wire$25 million · 1%
    2 thousand tonnes · Germany’s destinations
  10. Spirits$24 million · 0.97%
    3 thousand tonnes

What Latvia sells to Germany

The top 10 headings in 2024, with their share of the total.

  1. Cheese$66 million · 6.2%
    16 thousand tonnes · Germany’s sources
  2. Plywood$51 million · 4.8%
    33 thousand tonnes
  3. Medicines in measured doses or retail packs$45 million · 4.2%
    177 tonnes · Germany’s sources
  4. Auto parts$44 million · 4.2%
    3 thousand tonnes · Germany’s sources
  5. Fiberglass and glass wool$36 million · 3.4%
    10 thousand tonnes
  6. Books and brochures$34 million · 3.2%
    7 thousand tonnes
  7. Peat$30 million · 2.8%
    298 thousand tonnes
  8. Wooden crates, packing cases and pallets$30 million · 2.8%
    68 thousand tonnes
  9. Sawn wood$29 million · 2.7%
    71 thousand tonnes
  10. Refined petroleum$22 million · 2.1%
    33 thousand tonnes · Germany’s sources

How it travels

Estimated sea route from Hamburg to Riga.

The estimated sea route between Hamburg and Riga is 805 nautical miles (1,491 km) long: ≈ 2–2.5 days at sea (at 18 and 14 knots).

Passages it crosses: Kiel Canal.

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

  1. Sea$2.9 billion · 82%
  2. Air$625 million · 18%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Latvia was Germany’s 62nd largest trading partner (0.1% of its trade), and Germany was Latvia’s 2nd (9%).

Latvia in Germany’s trade
0.1%
Latvia’s rank among Germany’s partners
62nd
Germany in Latvia’s trade
8.6%
Germany’s rank among Latvia’s partners
2nd

Compare with

Other partners of Germany

Other partners of Latvia

Sources and methodology

Sources and licenses

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.