France (FRA) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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France-Latvia Trade: In 2023, France exported $474M to Latvia. The main products that France exported to Latvia were Aircraft parts (gliders, balloons, and powered aircraft) ($49.4M), Packaged Medicaments ($37.8M), and Hard Liquor ($36.4M). Over the past 5 years the exports of France to Latvia have increased at an annualized rate of 8.31%, from $318M in 2018 to $474M in 2023.

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) being the largest in terms of value.

Latvia-France Trade: In 2023, Latvia exported $489M to France. The main products that Latvia exported to France were Aircraft parts (gliders, balloons, and powered aircraft) ($46M), Other Vegetable Residues ($31.1M), and Motor vehicle (8701 to 8705) chassis fitted with engine ($26.2M). Over the past 5 years the exports of Latvia to France have increased at an annualized rate of 13.1%, from $265M in 2018 to $489M in 2023.

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

Comparison In 2023, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, France exported $474M to Latvia. The main products exported from France to Latvia were Aircraft parts (gliders, balloons, and powered aircraft) ($49.4M), Packaged Medicaments ($37.8M), and Hard Liquor ($36.4M). During the last 5 years the exports of France to Latvia have increased at an annualized rate of 8.31%, from $318M in 2018 to $474M in 2023.

In 2018, Latvia exported $489M to France. The main products exported from Latvia to France were Aircraft parts (gliders, balloons, and powered aircraft) ($46M), Other Vegetable Residues ($31.1M), and Motor vehicle (8701 to 8705) chassis fitted with engine ($26.2M). During the last 5 years the exports of Latvia to France have increased at an annualized rate of 13.1%, from $265M in 2023 to $489M in 2018.

Exports from France () to Latvia () (2023)

Exports from Latvia () to France () (2023)

Latest Data

Trade between France () and Latvia ()

France Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

France
Top DestinationGermany$72.8B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from France than Latvia included Germany ($72.8B), Italy ($56.3B), and United States ($51.2B).

In 2023, countries that imported more from Latvia than France included Lithuania ($3.77B), Estonia ($1.26B), and Belarus ($185M).

Difference in imports from Latvia () and France () (2023)

Comparative Advantage France - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, France had a large net trade with Latvia in the exports of Machines ($113M), Transportation ($93.3M), and Foodstuffs ($87.9M).

During 2018, Latvia had a large net trade with France in the exports of Transportation ($126M), Machines ($96.9M), and Wood Products ($85.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential France Latvia+$16.8MPackaged Medicaments

Top Product Potential Latvia France+$16.7MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Lva Year

Fra Year

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) being the largest in terms of value.

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of France and Latvia. This means that a dot/product with the flag of France indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over France.

About

Historical Data

Bilateral Trade by Products

Exports from France () to Latvia () (2023)

Exports from Latvia () to France () (2023)

Latest Data

Trade between France () and Latvia ()

France Exports

Latvia Exports

Market Competitiveness

Difference in imports from Latvia () and France () (2023)

Comparative Advantage France - Latvia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of France () and Latvia () (2023)

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