Latvia / China

Latvia-China Trade: In 2022, Latvia exported $240M to China. The main products that Latvia exported to China were Rough Wood ($60.4M), Peat ($50.6M), and Other Measuring Instruments ($14.2M). Over the past 5 years the exports of Latvia to China have increased at an annualized rate of 6.51%, from $175M in 2017 to $240M in 2022.

In 2020, Latvia exported services to China worth $46.8M, with Communications services ($40M), Other business services ($4.57M), and Travel ($1.14M) being the largest in terms of value.

China-Latvia Trade: In 2022, China exported $1.1B to Latvia. The main products that China exported to Latvia were Broadcasting Equipment ($130M), Other Plastic Products ($63.7M), and Rubber Tires ($46.6M). Over the past 5 years the exports of China to Latvia have increased at an annualized rate of 5.01%,  from $865M in 2017 to $1.1B in 2022.

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

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).