Summary
- Latvia → United Kingdom
- $1.1billion
- United Kingdom → Latvia
- $203million
- Latvia’s balance
- $901million
Balance
Latvia’s trade balance with the United Kingdom
Trade between Latvia and the United Kingdom grew 3.9-fold since 1995
USD billions (current). Latvia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.1
- Imports 0.2
- Balance +0.9
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $276 million | $60 million | $216 million |
| 1996 | $456 million | $84 million | $373 million |
| 1997 | $541 million | $114 million | $427 million |
| 1998 | $480 million | $120 million | $360 million |
| 1999 | $426 million | $116 million | $311 million |
| 2000 | $388 million | $82 million | $305 million |
| 2001 | $387 million | $81 million | $306 million |
| 2002 | $523 million | $99 million | $424 million |
| 2003 | $662 million | $116 million | $546 million |
| 2004 | $983 million | $148 million | $835 million |
| 2005 | $1.5 billion | $164 million | $1.4 billion |
| 2006 | $2.1 billion | $232 million | $1.8 billion |
| 2007 | $1.3 billion | $256 million | $1 billion |
| 2008 | $771 million | $226 million | $545 million |
| 2009 | $507 million | $123 million | $385 million |
| 2010 | $682 million | $177 million | $505 million |
| 2011 | $670 million | $261 million | $409 million |
| 2012 | $565 million | $242 million | $322 million |
| 2013 | $791 million | $382 million | $410 million |
| 2014 | $741 million | $304 million | $437 million |
| 2015 | $805 million | $237 million | $568 million |
| 2016 | $951 million | $247 million | $704 million |
| 2017 | $825 million | $343 million | $483 million |
| 2018 | $1 billion | $410 million | $623 million |
| 2019 | $959 million | $376 million | $582 million |
| 2020 | $974 million | $405 million | $569 million |
| 2021 | $1.5 billion | $208 million | $1.3 billion |
| 2022 | $1.2 billion | $201 million | $988 million |
| 2023 | $1 billion | $251 million | $798 million |
| 2024 | $1.1 billion | $203 million | $901 million |
What they sell each other
What Latvia sells to the United Kingdom
The top 10 headings in 2024, with their share of the total.
What the United Kingdom 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 Felixstowe is 1,187 nautical miles (2,197 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 United Kingdom was Latvia’s 9th largest trading partner (3% of its trade), and Latvia was the United Kingdom’s 64th (0.1%).
- The United Kingdom in Latvia’s trade
- 3.2%
- The United Kingdom’s rank among Latvia’s partners
- 9th
- Latvia in the United Kingdom’s trade
- 0.1%
- Latvia’s rank among the United Kingdom’s partners
- 64th
Compare with
Other partners of Latvia
Other partners of the United Kingdom
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.