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Latvia

Latvia ranked No. 106 in total trade value through February with a total of $127.8 million. Exports totaled $45.84 million and Imports totaled $81.96 million, a deficit of $36.12 million.

January – February 2019

Top Trading Ports

Total Trade: $127.8 million

RankPortTotal YTD
1Dallas-Fort Worth International Airport, Texas $24,864,971
2Port of Newark $17,752,731
3Port of Baltimore, Md. $9,622,894
4Port of Houston $8,078,873
5Port of Charleston $6,962,921
6Cleveland’s Hopkins International Airport, Ohio $5,828,669
7Port of New Orleans $5,037,939
8Port of New York $4,954,473
9Los Angeles International Airport $4,759,914
10Port of Virginia $3,964,976

U.S. trade with Latvia rose to $127.8 million through February

Latvia’s trade with the United States rose to $127.8 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.83 percent below its total trade during the same time period last year. Latvia’s exports decreased 4.86 percent while imports fell 26.31 percent. The U.S. deficit with Latvia was $36.12 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Dallas-Fort Worth International Airport, Texas; No. 2 Port of Newark; No. 3 Port of Baltimore, Md.; No. 4 Port of Houston; 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 Port of Southern Louisiana, Gramercy, St. James Parish No. 3 Port of Houston No. 4 Port of Newark and No. 5 Port of Charleston. In the current time period, the top five accounted for 52.65 percent of Latvia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Dallas-Fort Worth International Airport, Texas fell 50.76 percent to $24.86 million.
    Exports rose 1025.87 percent to $1.05 million. Imports fell 52.74 percent to $23.82 million.
  • Trade with No. 2 Port of Newark rose 54.2 percent to $17.75 million.
    Exports rose 316.34 percent to $6.15 million. Imports rose 15.63 percent to $11.6 million.
  • Trade with No. 3 Port of Baltimore, Md. rose 122.13 percent to $9.62 million.
    Exports fell 52.74 percent to $233,592. Imports rose 144.65 percent to $9.39 million.
  • Trade with No. 4 Port of Houston fell 40.94 percent to $8.08 million.
    Exports fell 78.21 percent to $2.46 million. Imports rose 134.65 percent to $5.62 million.
  • Trade with No. 5 Port of Charleston fell 1.36 percent to $6.96 million.
    Exports fell 6.45 percent to $6.01 million. Imports rose 50.67 percent to $948,844.

Latvia ranked No. 106 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 94.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Latvia by value through February were the categories of Cell phones, related equipment; Rum, gin, vodka, other liquors; Civilian aircraft, parts; Value added to a returned import; and Medical equipment for physicals, respectively. They accounted for 34.53 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; Cell phones, related equipment; Gasoline, other fuels; and Peat (Including Peat Litter), Incl Agglomrtd 2703 –– accounted for 65.42 percent of all inbound shipments.

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

  • Cell phones, related equipment rose 97.95 percent compared to last year to $4.19 million.
  • Rum, gin, vodka, other liquors fell 31.24 percent compared to last year to $4.09 million.
  • Civilian aircraft, parts rose 241.39 percent compared to last year to $2.93 million.
  • Value added to a returned import fell 7.59 percent compared to last year to $2.41 million.
  • Medical equipment for physicals rose 148.93 percent compared to last year to $2.21 million.

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

  • Aircraft engines, engine parts fell 52.77 percent compared to last year to $23.66 million.
  • Rum, gin, vodka, other liquors rose 27.36 percent compared to last year to $18.31 million.
  • Cell phones, related equipment rose 76.18 percent compared to last year to $4.88 million.
  • Gasoline, other fuels totaled $3.98 million. The previous year, there were no imports in this category.
  • Peat (Including Peat Litter), Incl Agglomrtd 2703 rose 25.32 percent compared to last year to $2.79 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.