$764 million in imports and $892 million in exports in 2025. That means that the US exported $128 million more to Latvia than we imported from it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$764M
Value of imports from Latvia to the US (2025)
$892M
Value of exports from the US to Latvia (2025)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.2% of total trade with the US in 2025.
How high is Latvia ranked as a US trade partner?
BEA data ranks Latvia as the US’ 70th top trading partner: In 2025, the US traded $1.66 billion in goods and services with Latvia. Countries with similar trade values include Estonia ($1.86B) and Brunei ($336M).
In 2025, the US traded $1.66 billion in goods and services with Latvia.
Total trade value (imports + exports) with the US (2025), by select countries
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Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
What is the trade balance with Latvia?
The US has had a trade surplus with Latvia every year from 2023 through 2025. The 2025 surplus was $128 million, an increase from 2024's surplus of $78 million.
The trade surplus with Latvia increased to $128M in 2025.
Annual trade balance with Latvia, not adjusted for inflation
What does the US import from Latvia?
In 2025, 80.2% of imports from Latvia to the US were goods. The largest category was capital goods (tools used for the production process, like machinery and equipment), accounting for $200 million. The top three imports were capital goods, industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), and food, feeds, and beverages. These categories accounted for $505 million of total imports.
The other 19.6% were services, with travel being the largest service category. Travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad) accounted for $45 million.
Capital goods made up 26.2% of US imports from Latvia in 2025.
US imports from Latvia by category (2025)
What does the US export to Latvia?
In 2025, more US exports to Latvia were goods — 59.1%. The largest export was industrial supplies and materials, which accounted for a value of $188 million. The top three exports were industrial supplies and materials, capital goods, and other merchandise. These categories accounted for $431 million of exports to Latvia.
The other 40.8% were services, with mainantence and repair services being the largest service category. Mainantence and repair services accounted for $138 million.
Industrial supplies and materials made up 21.1% of US exports to Latvia in 2025.
US exports to Latvia by category (2025)
Value of imports and exports, by category (2025)
Value of imports and exports, by category (2025)
1.
Capital goods
$200 million
2.
Industrial supplies and materials
$197 million
3.
Food, feeds, and beverages
$108 million
4.
Consumer goods
$69 million
5.
Travel
$45 million
6.
Business services
$37 million
7.
Telecommunications and information services
$30 million
8.
Other merchandise
$28 million
9.
Automotive vehicles and parts
$11 million
10.
Transport
$11 million
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
