During the year 2019, Exports from Sri Lanka to Latvia amounted to a total value of Rs. 1,155.55 million, while the Imports to Sri Lanka from Latvia amounted to a total value of Rs. 259.64 million. This resulted in a positive Bilateral Trade Balance of Rs. 895.91 million for Sri Lanka with Latvia for the year 2019.
In comparison, during the year 2018, Exports from Sri Lanka to Latvia amounted to a total value of Rs. 1,238.45 million, while Imports to Sri Lanka from Latvia amounted to a total value of Rs.172.53 million. This resulted in a positive Bilateral Trade Balance of Rs. 1,065.92 million for Sri Lanka with Latvia for the year 2018.
Therefore there has been an decrease in the Bilateral Trade deficit of Sri Lanka with Latvia from the year 2018 to the year 2019.
Latvia is a country with a high income Economy.
|GDP (Current US$ Millions)||n/a||n/a||30,264|
|Ease of Doing Business Ranking||19||n/a||n/a|
|Per Capita Income (Current US$)||n/a||n/a||15,594|
Source : World Bank
*Notes: 2016 Data are from the Doing Business 2017 report that are current as of June 1, 2016; 2017 Data are from the Doing Business 2018 report that are current as of June 1, 2017; 2018 Data are from the Doing Business 2019 report that are current as of May 1, 2018.
Abbreviations: n/a – not available
Source : World Bank
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