Latvia / Denmark

Latvia-Denmark Trade: In 2022, Latvia exported $972M to Denmark. The main products that Latvia exported to Denmark were Fuel Wood ($125M), Rapeseed Oil ($59.7M), and Other Furniture ($57M). Over the past 5 years the exports of Latvia to Denmark have increased at an annualized rate of 10.9%, from $579M in 2017 to $972M in 2022.

In 2020, Latvia exported services to Denmark worth $129M, with Transportation ($54.8M), Other business services ($42.3M), and Computer and information services ($20.6M) being the largest in terms of value.

Denmark-Latvia Trade: In 2022, Denmark exported $502M to Latvia. The main products that Denmark exported to Latvia were Packaged Medicaments ($47.1M), Hot-Rolled Iron ($27.4M), and Excavation Machinery ($23.4M). Over the past 5 years the exports of Denmark to Latvia have increased at an annualized rate of 6.73%,  from $363M in 2017 to $502M in 2022.

In 2020, Denmark exported services to Latvia worth $156M, with Transportation ($93.7M), Travel ($27.8M), and Other business services ($13.1M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).