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2022
Flag → Flag
Exports $1.19kRnk 74 / 89
2022
Flag → Flag
Top Product $610Medical Instruments
2022
Flag → Flag
Exports $453kRnk 140 / 194
2022
Flag → Flag
Top Product $264kBroadcasting Equipment
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Gibraltar-Latvia Trade: In 2022, Gibraltar exported $1.19k to Latvia. The main products that Gibraltar exported to Latvia were Medical Instruments ($610), Plastic Pipes ($435), and Video Recording Equipment ($144). Over the past 6 years the exports of Gibraltar to Latvia have increased at an annualized rate of 70.7%, from $48 in 2016 to $1.19k in 2022.

In 2022, Gibraltar did not export any services to Latvia.

Latvia-Gibraltar Trade: In 2022, Latvia exported $453k to Gibraltar. The main products that Latvia exported to Gibraltar were Broadcasting Equipment ($264k), Other Floating Structures ($52.1k), and Electrical Transformers ($44.8k). Over the past 6 years the exports of Latvia to Gibraltar have increased at an annualized rate of 40.7%,  from $20.9k in 2016 to $453k in 2022.

In 2022, Latvia did not export any services to Gibraltar.

Comparison In 2022,  Gibraltar ranked 173 in total exports ($411M). 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
Value

In 2022, Gibraltar exported $1.19k to Latvia. The main products exported from Gibraltar to Latvia were Medical Instruments ($610), Plastic Pipes ($435), and Video Recording Equipment ($144). During the last 6 years the exports of Gibraltar to Latvia have increased at an annualized rate of 70.7%, from $48 in 2016 to $1.19k in 2022.

In 2017, Latvia exported $453k to Gibraltar. The main products exported from Latvia to Gibraltar were Broadcasting Equipment ($264k), Other Floating Structures ($52.1k), and Electrical Transformers ($44.8k). During the last 5 years the exports of Latvia to Gibraltar have increased at an annualized rate of 40.7%, from $20.9k in 2022 to $453k in 2017.

Exports from Gibraltar (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Gibraltar (Flag) (2022)

Latest Data

Trade between Gibraltar (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Gibraltar
Top DestinationIreland$81.4M
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Gibraltar than Latvia included Cape Verde ($12.5M) and Fiji ($45.4k).

In 2022, countries that imported more from Latvia than Gibraltar included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

Difference in imports from Latvia (Flag) and Gibraltar (Flag) (2022)

Comparative Advantage Gibraltar - Latvia

Flow
Scale

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

During 2022, Gibraltar had a large net trade with Latvia in the exports of Instruments ($610), Plastics and Rubbers ($435), and Machines ($144).

During 2017, Latvia had a large net trade with Gibraltar in the exports of Machines ($365k), Transportation ($52.1k), and Instruments ($18.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Gibraltar (Flag) and Latvia (Flag) (2022)

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