Agriculture forestry and fishing

Agriculture and food industry continues to raise exports

Agriculture and food industry continues to raise exports

During the first half of 2016, the value of Latvian food and agricultural exports grew 26% against the same period in 2015, making up 18.4% of the country’s total exports. With 12% export growth, Latvia ranks third among European Union (EU) members by export growth after Cyprus and Croatia which showed 20.3% and 14.6% export growth respectively.
Fisheries industry going through a "restart"

Fisheries industry going through a "restart"

In 2016, Latvia exported its fish products to 33 countries. The foreign trade balance of Latvian fish products and canned fish remained positive in 2015 - +3.4 million euros. In the first six months of 2016, compared to the same period of the previous year, export volumes increased more than two-fold and reached 57,400 tons. 

Fishing – largest exporting industry with 95% export

According to data from the Union of Latvian Fish Processing Industry, the fishing industry has been the largest exporting industry over the past few years. 95% of its production has been exported to more than 40 countries.

Agriculture and food export growth – 29,3%

Over the past two years, agricultural and food products have been among the most important Latvian export goods. In 2011, agricultural and food product export amounted to 16,2% of the country’s total export value. In the first half of 2012, the figure increased to 16,7%.

Forest industry faces new challenges

Forest industry export exceeded LVL 1 billion; next challenge – raising productivity

Agriculture shows rapid development of export

The agriculture branch in Latvia develops in a rapid manner – the amount of export is growing, and the amounts of manufactured products have not decreased, even despite the global crisis.

Significant growth of Latvian "green gold" branch

The products of forest industry have always been the leaders of the products for export. In 2010, this branch has had the quickest recovery from the impacts caused by economic crisis.