Cyprus / Latvia

Cyprus-Latvia Trade: In 2022, Cyprus exported $15M to Latvia. The main products that Cyprus exported to Latvia were Semiconductor Devices ($4.7M), Packaged Medicaments ($2.76M), and Dried Legumes ($2.38M). Over the past 5 years the exports of Cyprus to Latvia have increased at an annualized rate of 5.22%, from $11.6M in 2017 to $15M in 2022.

In 2020, Cyprus exported services to Latvia worth $1.14M, with Travel ($1.14M) being the largest in terms of value.

Latvia-Cyprus Trade: In 2022, Latvia exported $25.9M to Cyprus. The main products that Latvia exported to Cyprus were Petroleum Gas ($8.37M), Hard Liquor ($3.51M), and Sawn Wood ($1.54M). Over the past 5 years the exports of Latvia to Cyprus have increased at an annualized rate of 17.8%,  from $11.5M in 2017 to $25.9M in 2022.

In 2020, Latvia exported services to Cyprus worth $185M, with Computer and information services ($82.2M), Other business services ($70.8M), and Transportation ($21.7M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.