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Latvia

Latvia ranked No. 90 in total trade value through October with a total of $1.05 billion. Exports totaled $426.44 million and Imports totaled $619.54 million, a deficit of $193.09 million.

January – October 2018

Top Trading Ports

Total Trade: $1.05 billion

RankPortTotal YTD
1Hartsfield-Jackson Atlanta International Airport $243,436,191
2Dallas-Fort Worth International Airport, Texas $236,794,520
3Port of Newark $112,376,974
4Port of Charleston $53,001,483
5Port of Baltimore, Md. $41,778,839
6Port of New York $37,583,998
7Port of Houston $34,677,497
8John F. Kennedy International Airport $29,464,122
9Cleveland’s Hopkins International Airport, Ohio $24,537,634
10Port of Virginia $21,846,202

U.S. trade with Latvia rose to $1.05 billion through October

Latvia’s trade with the United States rose to $1.05 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 47.8 percent above its total trade during the same time period last year. Latvia’s exports increased 35 percent while imports rose 58.13 percent. The U.S. deficit with Latvia was $193.09 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Hartsfield-Jackson Atlanta International Airport; No. 2 Dallas-Fort Worth International Airport, Texas; No. 3 Port of Newark; No. 4 Port of Charleston; and No. 5 Port of Baltimore, Md.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Hartsfield-Jackson Atlanta International Airport No. 4 Port of New York and No. 5 Port of Charleston. In the current time period, the top five accounted for 65.72 percent of Latvia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Hartsfield-Jackson Atlanta International Airport rose 335.48 percent to $243.44 million.
    Exports rose 432.55 percent to $137.11 million. Imports rose 252.6 percent to $106.32 million.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 843.79 percent to $236.79 million.
    Exports rose 3131.87 percent to $14.57 million. Imports rose 801.93 percent to $222.23 million.
  • Trade with No. 3 Port of Newark rose 39.23 percent to $112.38 million.
    Exports rose 109.2 percent to $46.86 million. Imports rose 12.36 percent to $65.52 million.
  • Trade with No. 4 Port of Charleston rose 39.98 percent to $53 million.
    Exports rose 45.01 percent to $46.81 million. Imports rose 10.88 percent to $6.19 million.
  • Trade with No. 5 Port of Baltimore, Md. rose 28.41 percent to $41.78 million.
    Exports rose 39.06 percent to $2.05 million. Imports rose 27.9 percent to $39.73 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. 101.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Latvia by value through October were the categories of Civilian aircraft, parts; Rum, gin, vodka, other liquors; Parts for cellular communications; Cell phones, related equipment; and Misc. chemical reaction initiators, accelerators, respectively. They accounted for 57.83 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; Pig iron; and Glass fibers, glass yarn –– accounted for 75.37 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 73.27 percent compared to last year to $153.01 million.
  • Rum, gin, vodka, other liquors rose 38.61 percent compared to last year to $42.15 million.
  • Parts for cellular communications rose 930.09 percent compared to last year to $23.63 million.
  • Cell phones, related equipment rose 16.17 percent compared to last year to $18.62 million.
  • Misc. chemical reaction initiators, accelerators rose 167.85 percent compared to last year to $9.21 million.

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

  • Aircraft engines, engine parts rose 200.79 percent compared to last year to $325.74 million.
  • Rum, gin, vodka, other liquors fell 10.96 percent compared to last year to $97.56 million.
  • Cell phones, related equipment fell 14.37 percent compared to last year to $17.5 million.
  • Pig iron totaled $14.23 million. The previous year, there were no imports in this category.
  • Glass fibers, glass yarn rose 9.3 percent compared to last year to $11.9 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.