Latvia imported $16.8 billion worth of products in 2017. This is an increase of 23.9% from 2017. Latvia has a population of 1.95 million people, and this translates to about $800 in annual product demand from every citizen in the country.
Latvia’s most popular import products include Refined Petroleum, Cars, Packaged Medicaments, Broadcasting Equipment, and Petroleum Gas. Petroleum is the fastest-growing import category, with an increase of 12% from 2016.
LATVIA TRADE ACTIVITY
Our Latvia Import trade information is based on updated shipping bills, Invoices, and other operational documentation, which are needed in the import/export trade. Latvia Import trade information is collected directly from the Latvia Customs, Port Authorities, Government bodies, shipping companies, and different Trade Associations. We make sure that all the information we collect is credible and verified before sharing it with our customers. Latvia Import Data fields include Year, Month, Stat Regime, Trade Type, HS Code, HS Code Description, SITC code, SITC Code Description, Quantity, Unit, Quantity in KG, Exporter Country, Value in Euro and Value in USD.
BENEFITS OF LATVIA IMPORT DATA
* Evaluate Supplier or Buyer: The data provides insight into the various activities of suppliers and buyers, helping them to choose the ones suitable for their business.
* Monitor competitors: Staying updated with trading activities and information in Latvia will help you understand your competition’s level.
*Find sales Prospects, new trends, and growth opportunities: Understanding what customers are looking for will lead to profitable and popular imports.
* Research market: Staying updated with import information enables researchers to stay updated with actual market changes and conclusions.