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| SECTOR | IMPORTS | 5Y/YR | RANK | EXPORTS | 5Y/YR | RANK |
|---|---|---|---|---|---|---|
| Industrial Machinery | $349.1M | +0.6% | 80 | $163.4M | -8.1% | 56 |
| Automation and Robotics | $80.5M | +0.3% | 94 | $174.9M | +13.4% | 53 |
| Pumps and Valves | $137.2M | +3.4% | 96 | $54.0M | +2.5% | 64 |
| Material Handling | $131.4M | +4.8% | 77 | $77.9M | +4.1% | 50 |
| Food Processing Equipment | $63.6M | +1.9% | 94 | $47.9M | +2.9% | 49 |
| Steel and Metal Products | $1.41B | +1.1% | 83 | $1.23B | +0.2% | 74 |
| Specialty Chemicals | $615.9M | +4.5% | 76 | $476.7M | +11.1% | 57 |
| Plastics and Polymers | $879.2M | +4.4% | 78 | $453.3M | +4.2% | 69 |
| Packaging | $267.4M | +2.5% | 69 | $275.5M | +5.0% | 57 |
| Industrial Textiles | $86.9M | +3.9% | 79 | $189.6M | +5.5% | 40 |
| Electrical Equipment | $632.3M | +9.8% | 79 | $373.5M | +8.1% | 65 |
| Semiconductors and Industrial Electronics | $265.5M | +8.5% | 68 | $113.5M | +11.7% | 56 |
| Automotive Components | $566.6M | +4.8% | 69 | $428.4M | +7.3% | 53 |
| Aerospace Components | $59.8M | -14.5% | 84 | $35.3M | -37.0% | 68 |
| Medical Devices | $226.0M | +4.4% | 76 | $160.1M | +6.4% | 53 |
| Construction Materials | $252.5M | -2.3% | 82 | $913.3M | +4.8% | 31 |
| HVAC and Industrial Refrigeration | $170.2M | -0.9% | 87 | $122.0M | +3.0% | 55 |
| Power Generation Equipment | $37.3M | +3.6% | 118 | $30.7M | +0.9% | 59 |
| Water Treatment Equipment | $27.9M | +3.7% | 95 | $24.3M | +2.4% | 54 |
| Mining Equipment | $105.8M | -1.8% | 117 | $55.7M | +3.1% | 60 |
World Bank, World Development Indicators (CC BY 4.0)
Latvijas valsts meži awarded Stora Enso Packaging a supply contract for waterproof corrugated cardboard boxes used to store and transport forest seedlings, worth EUR 641,410. The award decision was dated 24 August 2026 and published on TED on 17 September 2026.
Van Genechten Packaging invested €10 million in its subsidiary VG Kvadra Pak JSC to expand its folding carton plant in Riga, Latvia, which was officially inaugurated on March 10, 2026.
Van Genechten Packaging Group announced the start of a €10 million expansion at its VG Kvadra Pak plant in Riga, Latvia, adding construction, automation and sustainability upgrades to increase production capacity. UPB Nams is the building contractor for the nine-month project.
French packaging distributor Antalis signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer in Latvia, Lithuania and Estonia with EUR 15 million turnover in 2023. The deal is subject to approval by the Latvian competition authority.
Antalis has signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer with three distribution sites in Latvia, Lithuania and Estonia. The deal is subject to approval by the Latvian competition authority. Pakella has about EUR 15 million turnover and 60 employees.
A €7.7 million construction contract for production building No. 6 at the Ventspils High Technology Park was awarded to SIA Ostas celtnieks by the Ventspils port authority. Immer Digital leases the building to make recyclable packaging materials and plans to expand its investment in Ventspils beyond EUR 11 million.
