Summary
- Latvia → Netherlands
- $704million
- Netherlands → Latvia
- $1billion
- Latvia’s balance
- -$298million
Balance
Latvia’s trade balance with the Netherlands
Trade between Latvia and the Netherlands grew 5-fold since 1995
USD billions (current). Latvia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.7
- Imports 1
- Balance -0.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $276 million | $66 million | $211 million |
| 1996 | $307 million | $91 million | $216 million |
| 1997 | $248 million | $115 million | $134 million |
| 1998 | $252 million | $129 million | $123 million |
| 1999 | $194 million | $120 million | $74 million |
| 2000 | $257 million | $95 million | $161 million |
| 2001 | $105 million | $113 million | -$8 million |
| 2002 | $93 million | $122 million | -$29 million |
| 2003 | $104 million | $154 million | -$51 million |
| 2004 | $137 million | $230 million | -$93 million |
| 2005 | $156 million | $298 million | -$141 million |
| 2006 | $196 million | $368 million | -$172 million |
| 2007 | $226 million | $474 million | -$248 million |
| 2008 | $293 million | $565 million | -$272 million |
| 2009 | $218 million | $358 million | -$141 million |
| 2010 | $235 million | $426 million | -$191 million |
| 2011 | $724 million | $533 million | $190 million |
| 2012 | $728 million | $511 million | $217 million |
| 2013 | $688 million | $594 million | $94 million |
| 2014 | $618 million | $568 million | $50 million |
| 2015 | $450 million | $495 million | -$45 million |
| 2016 | $575 million | $547 million | $28 million |
| 2017 | $623 million | $618 million | $5 million |
| 2018 | $612 million | $630 million | -$18 million |
| 2019 | $544 million | $674 million | -$129 million |
| 2020 | $724 million | $698 million | $26 million |
| 2021 | $926 million | $857 million | $70 million |
| 2022 | $902 million | $1.1 billion | -$156 million |
| 2023 | $737 million | $1.1 billion | -$315 million |
| 2024 | $704 million | $1 billion | -$298 million |
What they sell each other
What Latvia sells to the Netherlands
The top 10 headings in 2024, with their share of the total.
What the Netherlands sells to Latvia
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Riga and Rotterdam is 1,135 nautical miles (2,102 km) long: ≈ 2.5–3.5 days at sea (at 18 and 14 knots).
Passages it crosses: Øresund.
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
The Netherlands was Latvia’s 6th largest trading partner (4% of its trade), and Latvia was the Netherlands’ 68th (0.1%).
- The Netherlands in Latvia’s trade
- 4.2%
- The Netherlands’ rank among Latvia’s partners
- 6th
- Latvia in the Netherlands’ trade
- 0.1%
- Latvia’s rank among the Netherlands’ partners
- 68th
Compare with
Other partners of Latvia
Other partners of the Netherlands
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.
Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.