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Latvia

Latvia ranked No. 90 in total trade value through August with a total of $902.23 million. Exports totaled $379.46 million and Imports totaled $522.77 million, a deficit of $143.31 million.

January – August 2019

Top Trading Ports

Total Trade: $902.23 million

RankPortTotal YTD
1Dallas-Fort Worth International Airport, Texas $248,265,448
2Hartsfield-Jackson Atlanta International Airport $102,821,814
3Port of Houston $89,970,912
4Port of Newark $66,382,192
5Port of Charleston $50,758,504
6Port of Baltimore, Md. $40,015,896
7Port of New York $30,258,862
8Cleveland’s Hopkins International Airport, Ohio $26,414,986
9Brownsville International Bridges $24,590,412
10Chicago O’Hare International Airport $22,562,359

U.S. trade with Latvia rose to $902.23 million through August

Latvia’s trade with the United States rose to $902.23 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.99 percent above its total trade during the same time period last year. U.S. exports to Latvia increased 28.6 percent while U.S. imports from Latvia rose 0.96 percent. The U.S. deficit with Latvia was $143.31 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Dallas-Fort Worth International Airport, Texas; No. 2 Hartsfield-Jackson Atlanta International Airport; No. 3 Port of Houston; No. 4 Port of Newark; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Dallas-Fort Worth International Airport, Texas No. 2 Hartsfield-Jackson Atlanta International Airport No. 3 Port of Newark No. 4 Port of Charleston and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 61.87 percent of Latvia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Dallas-Fort Worth International Airport, Texas rose 40.16 percent to $248.27 million.
    Exports rose 1396.92 percent to $38.08 million. Imports rose 20.39 percent to $210.19 million.
  • Trade with No. 2 Hartsfield-Jackson Atlanta International Airport fell 39.92 percent to $102.82 million.
    Exports rose 22.47 percent to $79.58 million. Imports fell 78.1 percent to $23.25 million.
  • Trade with No. 3 Port of Houston rose 210.45 percent to $89.97 million.
    Exports rose 236.84 percent to $57.32 million. Imports rose 172.91 percent to $32.65 million.
  • Trade with No. 4 Port of Newark fell 32.54 percent to $66.38 million.
    Exports fell 61.76 percent to $16.87 million. Imports fell 8.8 percent to $49.52 million.
  • Trade with No. 5 Port of Charleston rose 23.48 percent to $50.76 million.
    Exports rose 15.79 percent to $42.16 million. Imports rose 83.07 percent to $8.6 million.

Latvia ranked No. 90 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 92.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Latvia by value through August were the categories of Civilian aircraft, parts; Ethers, ether-alcohols, alcohol peroxides etc.; Rum, gin, vodka, other liquors; Cell phones, related equipment; and Value added to a returned import, respectively. They accounted for 62.06 percent of total exports to Latvia.

The value of the top five categories of U.S. imports from Latvia –– Aircraft engines, engine parts; Rum, gin, vodka, other liquors; Gasoline, other fuels; Cell phones, related equipment; and Glass fibers, glass yarn –– accounted for 74.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Latvia:

  • Civilian aircraft, parts rose 83.4 percent compared to last year to $124.73 million.
  • Ethers, ether-alcohols, alcohol peroxides etc. rose 193724 percent compared to last year to $46.52 million.
  • Rum, gin, vodka, other liquors rose 24.1 percent compared to last year to $39.94 million.
  • Cell phones, related equipment fell 3.46 percent compared to last year to $16.17 million.
  • Value added to a returned import rose 35.28 percent compared to last year to $8.13 million.

Looking more closely at U.S. imports from Latvia:

  • Aircraft engines, engine parts fell 16.8 percent compared to last year to $231.58 million.
  • Rum, gin, vodka, other liquors rose 13.82 percent compared to last year to $87.1 million.
  • Gasoline, other fuels rose 60993 percent compared to last year to $36.58 million.
  • Cell phones, related equipment rose 43.19 percent compared to last year to $20.97 million.
  • Glass fibers, glass yarn rose 19 percent compared to last year to $11.1 million.

In the latest annual figures available, Latvia recorded $838.62 million in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Los Angeles; Charleston; and Houston. Total U.S. exports to Latvia were $ 381.85 million and imports from Latvia were $456.77 million. The U.S. deficit with Latvia was $74.91 million.