Kazakhstan (KAZ) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Kazakhstan-Latvia Trade: In 2023, Kazakhstan exported $242M to Latvia. The main products that Kazakhstan exported to Latvia were Refined Copper ($77.7M), Coal Briquettes ($55M), and Wheat ($16.1M). Over the past 5 years the exports of Kazakhstan to Latvia have increased at an annualized rate of 58%, from $24.6M in 2018 to $242M in 2023.

In 2023, Kazakhstan did not export any services to Latvia.

Latvia-Kazakhstan Trade: In 2023, Latvia exported $124M to Kazakhstan. The main products that Latvia exported to Kazakhstan were Thermostats ($19.1M), Hard Liquor ($14.1M), and Packaged Medicaments ($13.1M). Over the past 5 years the exports of Latvia to Kazakhstan have increased at an annualized rate of 17.8%, from $39.5M in 2018 to $124M in 2023.

In 2023, Latvia did not export any services to Kazakhstan.

Comparison In 2023, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). 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, Kazakhstan exported $242M to Latvia. The main products exported from Kazakhstan to Latvia were Refined Copper ($77.7M), Coal Briquettes ($55M), and Wheat ($16.1M). During the last 5 years the exports of Kazakhstan to Latvia have increased at an annualized rate of 58%, from $24.6M in 2018 to $242M in 2023.

In 2018, Latvia exported $124M to Kazakhstan. The main products exported from Latvia to Kazakhstan were Thermostats ($19.1M), Hard Liquor ($14.1M), and Packaged Medicaments ($13.1M). During the last 5 years the exports of Latvia to Kazakhstan have increased at an annualized rate of 17.8%, from $39.5M in 2023 to $124M in 2018.

Exports from Kazakhstan () to Latvia () (2023)

Exports from Latvia () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Latvia ()

Kazakhstan Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$15.2B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Kazakhstan than Latvia included China ($15.2B), United Kingdom ($14.3B), and Russia ($9.78B).

In 2023, countries that imported more from Latvia than Kazakhstan included Lithuania ($3.77B), Estonia ($1.26B), and Sweden ($1.06B).

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

Comparative Advantage Kazakhstan - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kazakhstan had a large net trade with Latvia in the exports of Metals ($99.3M), Mineral Products ($58.7M), and Vegetable Products ($28.9M).

During 2018, Latvia had a large net trade with Kazakhstan in the exports of Machines ($27.4M), Instruments ($22.5M), and Foodstuffs ($21.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Latvia+$6.17MRefined Petroleum

Top Product Potential Latvia Kazakhstan+$4.04MTelephones

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Latvia () (2023)

Exports from Latvia () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Latvia ()

Kazakhstan Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Kazakhstan - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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