Belarus / Latvia

Belarus-Latvia Trade: In 2022, Belarus exported $295M to Latvia. The main products that Belarus exported to Latvia were Sawn Wood ($63.9M), Rapeseed Oil ($46.3M), and Fuel Wood ($14.7M). Over the past 5 years the exports of Belarus to Latvia have decreased at an annualized rate of 3.37%, from $351M in 2017 to $295M in 2022.

In 2014, Belarus exported services to Latvia worth $13.4M, with Royalties and license fees ($6.04M), Computer and information services ($4.39M), and Government services, n.i.e. ($2.53M) being the largest in terms of value.

Latvia-Belarus Trade: In 2022, Latvia exported $194M to Belarus. The main products that Latvia exported to Belarus were Packaged Medicaments ($29.8M), Used Clothing ($16.7M), and Medical Instruments ($12.4M). Over the past 5 years the exports of Latvia to Belarus have increased at an annualized rate of 1.92%,  from $176M in 2017 to $194M in 2022.

In 2001, Latvia exported services to Belarus worth $31.5M, with Transportation ($18.9M), Other business services ($7.87M), and Government services, n.i.e. ($1.57M) being the largest in terms of value.

Comparison In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82),  and 100 in total exports ($10.4B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.