Estonia (EST) and Latvia (LVA) Trade | The Observatory of Economic Complexity

About

Estonia-Latvia In 2022, Estonia exported $2.77B to Latvia. The main products that Estonia exported to Latvia are Electricity ($1.13B), Cars ($192M), and Petroleum Gas ($97M). During the last 27 years the exports of Estonia to Latvia have increased at an annualized rate of 11.9%, from $132M in 1995 to $2.77B in 2022.

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

Latvia-Estonia In 2022, Latvia exported $2.26B to Estonia. The main products that Latvia exported to Estonia were Petroleum Gas ($372M), Sawn Wood ($81.6M), and Cars ($66.5M). During the last 27 years the exports of Latvia to Estonia have increased at an annualized rate of 15.1%, from $50.8M in 1995 to $2.26B in 2022.

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $2.77B to Latvia. The main products exported from Estonia to Latvia were Electricity ($1.13B), Cars ($192M), and Petroleum Gas ($97M). During the last 27 years the exports of Estonia to Latvia have increased at an annualized rate of 11.9%, from $132M in 1995 to $2.77B in 2022.

In 2022, Latvia exported $2.26B to Estonia. The main products exported from Latvia to Estonia were Petroleum Gas ($372M), Sawn Wood ($81.6M), and Cars ($66.5M). During the last 27 years the exports of Latvia to Estonia have increased at an annualized rate of 15.1%, from $50.8M in 1995 to $2.26B in 2022.

Exports from Estonia () to Latvia () (2022)

Exports from Latvia () to Estonia () (2022)

Latest Data

Trade between Estonia () and Latvia ()

Estonia Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Latvia
Top DestinationLithuania$4.09B

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

In 2021, countries that imported more from Estonia than Latvia were Finland ($3B), Sweden ($1.9B), and United States ($1.3B).

In 2021, countries that imported more from Latvia than Estonia were Lithuania ($4.09B), United Kingdom ($1.19B), and Denmark ($972M).

Difference in imports from Latvia () and Estonia () (2022)

Comparative Advantage Estonia - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Latvia in the exports of Mineral Products ($1.26B), Transportation ($256M), and Machines ($240M).

During 2022, Latvia had a large net trade with Estonia in the exports of Mineral Products ($443M), Machines ($300M), and Wood Products ($243M).

Service Trade

Bilateral Service Trade

Lva Year

Est Year

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Latvia () (2020)

Services Exports from Latvia () to Estonia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Estonia has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Estonia.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Latvia () (2022)

Exports from Latvia () to Estonia () (2022)

Latest Data

Trade between Estonia () and Latvia ()

Estonia Exports

Latvia Exports

Market Competitiveness

Difference in imports from Latvia () and Estonia () (2022)

Comparative Advantage Estonia - Latvia

Service Trade

Bilateral Service Trade

Services Exports from Estonia () to Latvia () (2020)

Services Exports from Latvia () to Estonia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Latvia () (2022)

Keep Exploring