Finland / Latvia

Finland-Latvia Trade: In 2023, Finland exported $1.1B to Latvia. The main products that Finland exported to Latvia were Petroleum Gas ($207M), Refined Petroleum ($190M), and Cars ($63.1M). Over the past 5 years the exports of Finland to Latvia have increased at an annualized rate of 7.63%, from $764M in 2018 to $1.1B in 2023.

In 2020, Finland exported services to Latvia worth $124M, with Computer and information services ($45.7M), Other business services ($34.3M), and Transportation ($17.1M) being the largest in terms of value.

Latvia-Finland Trade: In 2023, Latvia exported $707M to Finland. The main products that Latvia exported to Finland were Petroleum Gas ($186M), Rough Wood ($65M), and Fuel Wood ($60.8M). Over the past 5 years the exports of Latvia to Finland have increased at an annualized rate of 17%,  from $322M in 2018 to $707M in 2023.

In 2020, Latvia exported services to Finland worth $119M, with Other business services ($37.7M), Travel ($25.1M), and Transportation ($24M) being the largest in terms of value.

Comparison In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46),  and 45 in total exports ($84.3B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.