Latvia / Albania

Latvia-Albania Trade: In 2022, Latvia exported $3.02M to Albania. The main products that Latvia exported to Albania were Packaged Medicaments ($1.57M), Broadcasting Equipment ($507k), and Peat ($409k). Over the past 5 years the exports of Latvia to Albania have increased at an annualized rate of 11.8%, from $1.73M in 2017 to $3.02M in 2022.

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

Albania-Latvia Trade: In 2022, Albania exported $2.12M to Latvia. The main products that Albania exported to Latvia were Citrus ($549k), Cabbages ($438k), and Other Vegetables ($332k). Over the past 5 years the exports of Albania to Latvia have increased at an annualized rate of 20.1%,  from $589k in 2017 to $2.12M in 2022.

In 2017, Albania exported services to Latvia worth $2.82M, with Other business services ($1.92M), Transportation ($339k), and Travel ($339k) being the largest in terms of value.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).