2023
Flag  
GDP
$14BCURRENT US$
Rnk 141 / 195
2013-2023
Flag
GDP GROWTH
90.7%CURRENT US$
Rnk 20 / 195
2023
Flag
 GDP
$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH
44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC 
$1,970CURRENT US$
Rnk 159 / 195
2013-2023
Flag
GDP PC GROWTH
55.2%CURRENT US$
Rnk 39 / 195
2023
Flag
GDP PC
$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH
55.4%CURRENT US$
Rnk 37 / 195

About

Kyrgyzstan-Latvia Trade: In 2023, Kyrgyzstan exported $3.51M to Latvia. The main products that Kyrgyzstan exported to Latvia were Scrap Iron ($852k), Raw Cotton ($758k), and Scrap Nickel ($716k). Over the past 5 years the exports of Kyrgyzstan to Latvia have decreased at an annualized rate of 10.6%, from $6.13M in 2018 to $3.51M in 2023.

In 2009, Kyrgyzstan exported services to Latvia worth $220k, with Communications services ($189k), Royalties and license fees ($17.8k), and Financial services ($13.4k) being the largest in terms of value.

Latvia-Kyrgyzstan Trade: In 2023, Latvia exported $52.2M to Kyrgyzstan. The main products that Latvia exported to Kyrgyzstan were Packaged Medicaments ($4.44M), Bulbs and Roots ($3.85M), and Other live plants, cuttings and slips; mushroom spawn ($3.76M). Over the past 5 years the exports of Latvia to Kyrgyzstan have increased at an annualized rate of 42%,  from $9.06M in 2018 to $52.2M in 2023.

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

Comparison In 2023,  Kyrgyzstan ranked 67 in the Economic Complexity Index (ECI -0.11),  and 136 in total exports ($3.99B). 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
Value

In 2023, Kyrgyzstan exported $3.51M to Latvia. The main products exported from Kyrgyzstan to Latvia were Scrap Iron ($852k), Raw Cotton ($758k), and Scrap Nickel ($716k). During the last 5 years the exports of Kyrgyzstan to Latvia have decreased at an annualized rate of 10.6%, from $6.13M in 2018 to $3.51M in 2023.

In 2018, Latvia exported $52.2M to Kyrgyzstan. The main products exported from Latvia to Kyrgyzstan were Packaged Medicaments ($4.44M), Bulbs and Roots ($3.85M), and Other live plants, cuttings and slips; mushroom spawn ($3.76M). During the last 5 years the exports of Latvia to Kyrgyzstan have increased at an annualized rate of 42%, from $9.06M in 2023 to $52.2M in 2018.

Exports from Kyrgyzstan (Flag) to Latvia (Flag) (2023)

Exports from Latvia (Flag) to Kyrgyzstan (Flag) (2023)

Latest Data

Trade between Kyrgyzstan (Flag) and Latvia (Flag)

Kyrgyzstan Exports

Latvia Exports

Market Competitiveness

Color
Kyrgyzstan
Top Destination
Switzerland$1.18B
Latvia
Top Destination
Lithuania$3.77B

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

In 2023, countries that imported more from Kyrgyzstan than Latvia included Switzerland ($1.18B), Kazakhstan ($559M), and United Arab Emirates ($415M).

In 2023, countries that imported more from Latvia than Kyrgyzstan included Lithuania ($3.77B), Estonia ($1.26B), and Germany ($1.11B).

Difference in imports from Latvia (Flag) and Kyrgyzstan (Flag) (2023)

Comparative Advantage Kyrgyzstan - Latvia

Flow
Scale

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

During 2023, Kyrgyzstan had a large net trade with Latvia in the exports of Metals ($1.92M), Textiles ($761k), and Foodstuffs ($480k).

During 2018, Latvia had a large net trade with Kyrgyzstan in the exports of Machines ($15.3M), Vegetable Products ($8.79M), and Chemical Products ($6.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kyrgyzstan Latvia+$241kRefined Petroleum
Top Product Potential Latvia Kyrgyzstan+$968kTelephones

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

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

Product Space of Kyrgyzstan (Flag) and Latvia (Flag) (2023)

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