Latvia (LVA) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Latvia-Spain In 2022, Latvia exported $386M to Spain. The main products that Latvia exported to Spain are Wheat ($118M), Corn ($19.7M), and Dried Legumes ($16.9M). During the last 27 years the exports of Latvia to Spain have increased at an annualized rate of 17.1%, from $5.39M in 1995 to $386M in 2022.

In 2020, Latvia exported services to Spain worth $56M, with Transportation ($44.5M), Computer and information services ($4.57M), and Other business services ($4.57M) being the largest in terms of value.

Spain-Latvia In 2022, Spain exported $329M to Latvia. The main products that Spain exported to Latvia were Hard Liquor ($20M), Wine ($19.1M), and Citrus ($10.4M). During the last 27 years the exports of Spain to Latvia have increased at an annualized rate of 13.3%, from $11.2M in 1995 to $329M in 2022.

In 2007, Spain exported services to Latvia worth $180M, with Services not allocated ($180M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $386M to Spain. The main products exported from Latvia to Spain were Wheat ($118M), Corn ($19.7M), and Dried Legumes ($16.9M). During the last 27 years the exports of Latvia to Spain have increased at an annualized rate of 17.1%, from $5.39M in 1995 to $386M in 2022.

In 2022, Spain exported $329M to Latvia. The main products exported from Spain to Latvia were Hard Liquor ($20M), Wine ($19.1M), and Citrus ($10.4M). During the last 27 years the exports of Spain to Latvia have increased at an annualized rate of 13.3%, from $11.2M in 1995 to $329M in 2022.

Exports from Latvia () to Spain () (2022)

Exports from Spain () to Latvia () (2022)

Latest Data

Trade between Latvia () and Spain ()

Latvia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Spain
Top DestinationFrance$65.2B

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

In 2021, countries that imported more from Latvia than Spain were Lithuania ($4.09B), Estonia ($2.26B), and Nigeria ($512M).

In 2021, countries that imported more from Spain than Latvia were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Latvia () (2022)

Comparative Advantage Latvia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Spain in the exports of Vegetable Products ($196M), Wood Products ($35.3M), and Foodstuffs ($27.4M).

During 2022, Spain had a large net trade with Latvia in the exports of Foodstuffs ($66.6M), Machines ($51.4M), and Vegetable Products ($49.1M).

Service Trade

Bilateral Service Trade

Esp Year

2007

2006

Lva Year

In 2020, Latvia exported services to Spain worth $56M, with Transportation ($44.5M), Computer and information services ($4.57M), and Other business services ($4.57M) being the largest in terms of value.

In 2007, Spain exported services to Latvia worth $180M, with Services not allocated ($180M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia () to Spain () (2020)

Services Exports from Spain () to Latvia () (2007)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Latvia has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Spain () (2022)

Exports from Spain () to Latvia () (2022)

Latest Data

Trade between Latvia () and Spain ()

Latvia Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Latvia () (2022)

Comparative Advantage Latvia - Spain

Service Trade

Bilateral Service Trade

Services Exports from Latvia () to Spain () (2020)

Services Exports from Spain () to Latvia () (2007)

Economic Complexity

Competitive Landscape

Product Space of Latvia () and Spain () (2022)

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