According to resources, Export to Latvia from India stood at a revenue of more than $100 Million by the year 2021 and increasing every year but decrease in 2020 because of Covid-19.
Trade partnership agreements have been signed between both the countries which are providing benefit to both the nations.
Furniture, Vehicle and Paper are the major exported products from India to Latvia at the present moment.
According to resources, the E-commerce industry is rising in Latvia with a revenue of more than $345 Million and increasing with a 5.09% growth rate by the year 2021.
So, itβs a great opportunity for Indian sellers to grab the Latvian market through both the channels that is through offline or online selling platforms & marketplaces in Latvia.