What is manufactured in Latvia?
Manufacturing. The production of furniture, foodstuffs, beverages, and textiles had replaced machine building and metal engineering as Latvia’s leading manufacturing activities by the late 1990s. The manufacture of chemicals and pharmaceuticals became important in the 21st century.
What is the major business in Latvia?
Economy of Latvia
| Statistics | |
|---|---|
| Main industries | processed foods, processed wood products, textiles, processed metals, pharmaceuticals, railroad cars, synthetic fibers, electronics |
| Ease-of-doing-business rank | 19th (very easy, 2020) |
| External | |
| Exports | $12.84 billion (2017 est.) |
What is the richest company in Latvia?
Uralkali Trading
Rīga
| No | Company | NACE |
|---|---|---|
| 1 | Uralkali Trading, SIA | 46.75 |
| 2 | RIMI LATVIA, SIA | 47.11 |
| 3 | MAXIMA Latvija, SIA | 47.11 |
| 4 | Severstal Distribution, SIA | 25.61 |
What does Latvia export?
Latvia exports mainly wood and wood products, machinery and equipment, iron and steel, textiles and foodstuffs. Latvia’s main export partners are Lithuania, Russia, Estonia, Germany and Sweden.
What kind of economy is Latvia?
Latvia’s small, open economy relies heavily on exports. Transit services are highly developed, as are timber and wood processing, agriculture and food products, and the machinery manufacturing and electronics industries.
How many factories are in Latvia?
Today more than 290 companies make up the Latvian electrical engineering and electronics (E&E) industry, which has strong historical traditions in Latvia.
What is Latvia’s biggest export?
Exports The top exports of Latvia are Broadcasting Equipment ($794M), Sawn Wood ($787M), Wheat ($695M), Fuel Wood ($557M), and Packaged Medicaments ($488M), exporting mostly to Lithuania ($2.47B), Estonia ($1.59B), Russia ($1.26B), Germany ($1.1B), and United Kingdom ($892M).
Is Latvia Third World?
To put it simply – for us Latvia is the “first country”, the above countries of the EU, European Economic Area and Switzerland are the “second countries” – we are connected to them with special contractual relationships, and all the others are the “third countries”.