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2023
Flag → Flag
Exports $6.26kRnk 109 / 144
2023
Flag → Flag
Top Product $1.83kNon-Knit Women's Suits
2023
Flag → Flag
Exports $1.62MRnk 124 / 198
2023
Flag → Flag
Top Product $1.06MIntegrated Circuits
2023
Flag  
GDP$3.79BCURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP GROWTH18.5%CURRENT US$
Rnk 145 / 195
2023
Flag
 GDP$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC $46,812CURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP PC GROWTH10.2%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH55.4%CURRENT US$
Rnk 37 / 195

About

Andorra-Latvia Trade: In 2023, Andorra exported $6.26k to Latvia. The main products that Andorra exported to Latvia were Non-Knit Women's Suits ($1.83k), Trunks and Cases ($1.62k), and Beauty Products ($1.18k). Over the past 6 years the exports of Andorra to Latvia have increased at an annualized rate of 33%, from $1.13k in 2017 to $6.26k in 2023.

In 2023, Andorra did not export any services to Latvia.

Latvia-Andorra Trade: In 2023, Latvia exported $1.62M to Andorra. The main products that Latvia exported to Andorra were Integrated Circuits ($1.06M), Cars ($346k), and Cranes ($87.2k). Over the past 6 years the exports of Latvia to Andorra have increased at an annualized rate of 102%,  from $48.8k in 2017 to $1.62M in 2023.

In 2023, Latvia did not export any services to Andorra.

Comparison In 2023,  Andorra ranked 180 in total exports ($253M). That same year, Latvia ranked 80 in total exports ($19.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Andorra exported $6.26k to Latvia. The main products exported from Andorra to Latvia were Non-Knit Women's Suits ($1.83k), Trunks and Cases ($1.62k), and Beauty Products ($1.18k). During the last 6 years the exports of Andorra to Latvia have increased at an annualized rate of 33%, from $1.13k in 2017 to $6.26k in 2023.

In 2018, Latvia exported $1.62M to Andorra. The main products exported from Latvia to Andorra were Integrated Circuits ($1.06M), Cars ($346k), and Cranes ($87.2k). During the last 5 years the exports of Latvia to Andorra have increased at an annualized rate of 102%, from $48.8k in 2023 to $1.62M in 2018.

Exports from Andorra (Flag) to Latvia (Flag) (2023)

Exports from Latvia (Flag) to Andorra (Flag) (2023)

Latest Data

Trade between Andorra (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Andorra
Top DestinationSpain$99.1M
Latvia
Top DestinationLithuania$3.77B

This map shows whether countries import more from Andorra or Latvia. Each country is colored based on the difference in imports they receive from Andorra and Latvia or the difference in the growth in imports.

In 2023, countries that imported more from Andorra than Latvia included El Salvador ($2.76M), Djibouti ($771k), and Guyana ($261k).

In 2023, countries that imported more from Latvia than Andorra included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

Difference in imports from Latvia (Flag) and Andorra (Flag) (2023)

Comparative Advantage Andorra - Latvia

Flow
Scale

This chart compares trade between Andorra and Latvia by product, considering products traded by both, Andorra and Latvia.

During 2023, Andorra had a large net trade with Latvia in the exports of Textiles ($2.1k), Animal Hides ($1.62k), and Chemical Products ($1.37k).

During 2018, Latvia had a large net trade with Andorra in the exports of Machines ($1.17M), Transportation ($351k), and Metals ($82.3k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Andorra and Latvia. This means that a dot/product with the flag of Andorra indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over Andorra.

Product Space of Andorra (Flag) and Latvia (Flag) (2023)

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