Commercial and Economic Relations between Turkey and Latvia

The bilateral trade volume between Turkey and Latvia reached 291 million Dollars in 2018, which corresponds to 8 percent increase compared to the year before (Turkish exports 126 million Dollars; imports 165 million Dollars).

Main items of Turkey’s exports to Latvia are jewelry, parts and accessories for road vehicles, central heating boilers, knit goods; whilst main import items of Turkey from Latvia are iron and steel, timber and wooden goods, mineral fuel and oil, gold.

In the period of 2002-2018, total amount of direct investments from Latvia to Turkey is 91 million Dollars. This figure is 74 million Dollars from Turkey to Latvia in the same period.

In 2018, 65,868 Latvian tourists visited Turkey.