Latvia (LVA) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Latvia-Norway In 2022, Latvia exported $450M to Norway. The main products that Latvia exported to Norway are Iron Structures ($41.2M), Prefabricated Buildings ($36.1M), and Brochures ($24.9M). During the last 27 years the exports of Latvia to Norway have increased at an annualized rate of 6.66%, from $78.8M in 1995 to $450M in 2022.

In 2020, Latvia exported services to Norway worth $172M, with Transportation ($60.5M), Computer and information services ($32M), and Other business services ($29.7M) being the largest in terms of value.

Norway-Latvia In 2022, Norway exported $158M to Latvia. The main products that Norway exported to Latvia were Rough Wood ($54.8M), Non-fillet Fresh Fish ($18.6M), and Non-fillet Frozen Fish ($15.9M). During the last 27 years the exports of Norway to Latvia have increased at an annualized rate of 7.12%, from $24.6M in 1995 to $158M in 2022.

In 2009, Norway exported services to Latvia worth $15.5M, with Travel ($8.15M), Other business services ($4M), and Communications services ($3.36M) being the largest in terms of value.

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $450M to Norway. The main products exported from Latvia to Norway were Iron Structures ($41.2M), Prefabricated Buildings ($36.1M), and Brochures ($24.9M). During the last 27 years the exports of Latvia to Norway have increased at an annualized rate of 6.66%, from $78.8M in 1995 to $450M in 2022.

In 2022, Norway exported $158M to Latvia. The main products exported from Norway to Latvia were Rough Wood ($54.8M), Non-fillet Fresh Fish ($18.6M), and Non-fillet Frozen Fish ($15.9M). During the last 27 years the exports of Norway to Latvia have increased at an annualized rate of 7.12%, from $24.6M in 1995 to $158M in 2022.

Exports from Latvia () to Norway () (2022)

Exports from Norway () to Latvia () (2022)

Latest Data

Trade between Latvia () and Norway ()

Latvia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Norway
Top DestinationGermany$78.1B

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

In 2021, countries that imported more from Latvia than Norway were Estonia ($2.26B), Lithuania ($4.09B), and Russia ($1.26B).

In 2021, countries that imported more from Norway than Latvia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Latvia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Norway in the exports of Wood Products ($101M), Metals ($76.7M), and Miscellaneous ($52M).

During 2022, Norway had a large net trade with Latvia in the exports of Wood Products ($60.5M), Animal Products ($42.4M), and Machines ($12.6M).

Service Trade

Bilateral Service Trade

Nor Year

Lva Year

In 2020, Latvia exported services to Norway worth $172M, with Transportation ($60.5M), Computer and information services ($32M), and Other business services ($29.7M) being the largest in terms of value.

In 2009, Norway exported services to Latvia worth $15.5M, with Travel ($8.15M), Other business services ($4M), and Communications services ($3.36M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Norway () to Latvia () (2009)

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 Latvia has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Norway () (2022)

Exports from Norway () to Latvia () (2022)

Latest Data

Trade between Latvia () and Norway ()

Latvia Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Latvia - Norway

Service Trade

Bilateral Service Trade

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

Services Exports from Norway () to Latvia () (2009)

Economic Complexity

Competitive Landscape

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

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