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Latvia

拉脱维亚

  【Country】The Republic of Latvia

  【Area】64589 square kilometers

  【Population】The population of Latvia was 1924000 by May in 2018

  【Capital City】Riga, 302.8 km2, 637971 people


 

Competitive Industry

Forestry: Forestry and wood processing as well as furniture manufacturing play important roles in Latvian manufacturing
industry. In 2017, forestry products’ export volume reached 2.22 billion euros, increasing by 6% and taking up 19.5% in export
sales.

 

Transportation industry: Latvia is located in the crossing of west Europe and north Europe, possessing three international ice
free sea ports and a largest airport in Baltic Sea region-Riga international airport. Latvia plays an important role in cargo
transaction not only in Baltic Sea but CEE region due to its advantaged location and infrastructure.

 

Tourism: Latvia has a variety of nature landscape and tourism contributes over 1 billion euros to Latvia’s economy, about
4.1% of GDP.

 

Food processing industry: Latvia remains good ecological environment, mainly producing a large amount of berry, wild
strawberry, blueberry, boletus, chanterelle, high quality dairy product, meat, tinned herring and honey.

 

Pharmacy and chemical industry: Relevant enterprises focus on Riga, Valmiera and Dobeles region, they are typically
extroverted economical type, 46% of the chemicals and 30 of the medical products export abroad. Some of those famous
products are Meldonum, brand medicine used as a prevention for stroke, angina pectoris and heart disease, stenders, famous
for luxurious soap, plants and flowers bathing and body caring products, Madara, famous brand of skin caring for pregnant
women.


【Download】
Seventeen central and eastern European countries investment guide compilation-Serbia, Investment Chapter,
Trade Chapter, Policies and regulations Chapter, Tax preference Chapter,  Industry specials and cooperation with China Chapter.




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