International Trade in Latvia

International Trade in Latvia

Since its independence from the former Soviet Union, Latvia has implemented market-oriented reforms.  The country's economy has since then experienced a very good performance due to a constant growth in domestic consumption and the contribution of foreign investment. In addition, Latvia... Read more

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Market Analyses About Latvia (33)

Import and Export Services in Latvia (255)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Latvia

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • FocusEconomics S.L.

    FocusEconomics S.L.

    Economic Intelligence, Latvia

    FocusEconomics is a leading provider of economic intelligence for Asia, Europe and the Americas. FocusEconomics has established a solid...

Business Tips About Latvia (6)

Agents and Distributors in Latvia (8)

  • Acumen International

    Acumen International

    HR Outsourcing, Latvia

    Acumen International is a Global Employer of Record and a pioneer of Express Global Employment solutions. Having spotted our...
  • Baoji Jiemoon Industry & Trade Co., Ltd.

    Baoji Jiemoon Industry & Trade Co., Ltd.

    Metal Sales and Distribution, Latvia

    Situated in Baoji famed as "The Chinese Titanium Valley" in Shaanxi Province, Baoji Jiemoon Industry & Trade Co., Ltd.is an...

Overview About International Trade in Latvia

Main Industry Sectors

The agricultural sector contributes about 4% to the GDP and employs 7.7% of the population. It is dominated by cattle breeding, in addition to the production of grain, sugar beets, potatoes and vegetables. Apart from timber, which is largely exported, Latvia has almost no natural resources. The country has to import all its energy products, mainly from Russia.

The industrial sector contributes about 24% to the GDP and employs about 28.6% of the workforce. The construction, metallurgy, industrial food-processing, and mechanical engineering sectors are booming.

The Latvian economy is driven by the services sector which contributes 72.4% to the GDP and employs 63.5% of the Latvian active population.

 

Economic Overview

Since its independence from the former Soviet Union, Latvia has implemented market-oriented reforms.  The country's economy has since then experienced a very good performance due to a constant growth in domestic consumption and the contribution of foreign investment. In addition, Latvia became a member of the EU on May 1st, 2004, and now benefits from European subsidies: an amount of EUR 1.8 billion was granted between 2004 and 2008. Latvia benefits also

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