Country Profile


After a brief dip due to Covid, Latvia is on the up again with projected growth for the next several years.

Situated in the middle of the Baltic family of countries, Latvia is an EU member and has been using the Euro since 2014.

Latvias’s location makes it a centre of excellence for transport and logistics.

UK Imports from Latvia

Total Value:

£1.08 billion / 0.23% of all UK Imports

Top 5 Imports are:

  1. Wood & Cork
  2. Wood & Cork manufactures
  3. Refined Oil
  4. Oil-seeds & Oleaginous Fruits
  5. Misc Metal Manufactures

UK Exports to Latvia

Total Value:

£433 million / 0.13% of all UK Exports

Top 5 Exports are:

  1. Beverages
  2. Refined Oil
  3. Cars
  4. Fish and Shellfish
  5. Aircraft

Key Facts about
🇱🇻 Latvia:

Local UK Business Group:

British Chamber of Commerce in Latvia

+371 25 45 6000

5 J. Alunana Street, Riga

How we can help you do business in Latvia

London based team

Cornerstone has a dedicated team based in London serving businesses across Europe

Transact in EUR

With a Cornerstone account you can transact in over 25 key currencies including GBP & EUR

EU based companies

Companies registered in the EU plus 50 other jurisdictions can open an account

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