Hong Kong / Latvia

Hong Kong-Latvia Trade: In 2022, Hong Kong exported $25.3M to Latvia. The main products that Hong Kong exported to Latvia were Integrated Circuits ($7.15M), Office Machine Parts ($1.58M), and Jewellery ($1.41M). Over the past 5 years the exports of Hong Kong to Latvia have increased at an annualized rate of 3.76%, from $21M in 2017 to $25.3M in 2022.

In 2022, Hong Kong did not export any services to Latvia.

Latvia-Hong Kong Trade: In 2022, Latvia exported $78.9M to Hong Kong. The main products that Latvia exported to Hong Kong were Office Machine Parts ($21.8M), Integrated Circuits ($13.6M), and Broadcasting Equipment ($12.2M). Over the past 5 years the exports of Latvia to Hong Kong have increased at an annualized rate of 18.3%,  from $34.1M in 2017 to $78.9M in 2022.

In 2020, Latvia exported services to Hong Kong worth $11.4M, with Other business services ($5.71M), Communications services ($2.28M), and Computer and information services ($2.28M) being the largest in terms of value.

Comparison In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18),  and 39 in total exports ($113B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.