Summary
- Latvia → Sweden
- $975million
- Sweden → Latvia
- $708million
- Latvia’s balance
- $267million
Balance
Latvia’s trade balance with Sweden
Trade between Latvia and Sweden grew 3.1-fold since 1995
USD billions (current). Latvia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1
- Imports 0.7
- Balance +0.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $394 million | $151 million | $242 million |
| 1996 | $380 million | $221 million | $159 million |
| 1997 | $377 million | $217 million | $160 million |
| 1998 | $351 million | $258 million | $93 million |
| 1999 | $309 million | $217 million | $92 million |
| 2000 | $382 million | $178 million | $204 million |
| 2001 | $373 million | $188 million | $185 million |
| 2002 | $460 million | $221 million | $239 million |
| 2003 | $477 million | $309 million | $169 million |
| 2004 | $500 million | $415 million | $85 million |
| 2005 | $505 million | $427 million | $78 million |
| 2006 | $484 million | $556 million | -$72 million |
| 2007 | $824 million | $720 million | $103 million |
| 2008 | $926 million | $669 million | $257 million |
| 2009 | $759 million | $302 million | $457 million |
| 2010 | $602 million | $378 million | $224 million |
| 2011 | $826 million | $556 million | $270 million |
| 2012 | $637 million | $497 million | $140 million |
| 2013 | $616 million | $533 million | $83 million |
| 2014 | $665 million | $485 million | $180 million |
| 2015 | $602 million | $447 million | $155 million |
| 2016 | $614 million | $467 million | $147 million |
| 2017 | $649 million | $467 million | $182 million |
| 2018 | $935 million | $565 million | $370 million |
| 2019 | $937 million | $560 million | $377 million |
| 2020 | $861 million | $574 million | $287 million |
| 2021 | $950 million | $649 million | $301 million |
| 2022 | $1.1 billion | $709 million | $366 million |
| 2023 | $1.1 billion | $746 million | $333 million |
| 2024 | $975 million | $708 million | $267 million |
What they sell each other
What Latvia sells to Sweden
The top 10 headings in 2024, with their share of the total.
What Sweden 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 Gothenburg is 651 nautical miles (1,205 km) long: ≈ 1.5–2 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
Sweden was Latvia’s 7th largest trading partner (4% of its trade), and Latvia was Sweden’s 31st (0.5%).
- Sweden in Latvia’s trade
- 4.2%
- Sweden’s rank among Latvia’s partners
- 7th
- Latvia in Sweden’s trade
- 0.5%
- Latvia’s rank among Sweden’s partners
- 31st
Compare with
Other partners of Latvia
Other partners of Sweden
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.