Latvia (LVA) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Latvia-Estonia Trade: In 2022, Latvia exported $1.36B to Estonia. The main products that Latvia exported to Estonia were Petroleum Gas ($372M), Sawn Wood ($81.6M), and Cars ($66.5M). Over the past 5 years the exports of Latvia to Estonia have increased at an annualized rate of 93.1%, from $50.8M in 2017 to $1.36B in 2022.

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

Estonia-Latvia Trade: In 2022, Estonia exported $1.23B to Latvia. The main products that Estonia exported to Latvia were Electricity ($1.13B), Cars ($192M), and Petroleum Gas ($97M). Over the past 5 years the exports of Estonia to Latvia have increased at an annualized rate of 56.2%, from $132M in 2017 to $1.23B in 2022.

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B). That same year, Estonia ranked 74 in total exports ($23.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $1.36B to Estonia. The main products exported from Latvia to Estonia were Petroleum Gas ($372M), Sawn Wood ($81.6M), and Cars ($66.5M). During the last 5 years the exports of Latvia to Estonia have increased at an annualized rate of 93.1%, from $50.8M in 2017 to $1.36B in 2022.

In 2017, Estonia exported $1.23B to Latvia. The main products exported from Estonia to Latvia were Electricity ($1.13B), Cars ($192M), and Petroleum Gas ($97M). During the last 22 years the exports of Estonia to Latvia have increased at an annualized rate of 56.2%, from $132M in 1995 to $1.23B in 2017.

Exports from Latvia () to Estonia () (2022)

Exports from Estonia () to Latvia () (2022)

Latest Data

Trade between Latvia () and Estonia ()

Latvia Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Latvia than Estonia included Lithuania ($4.09B), United Kingdom ($1.19B), and Denmark ($972M).

In 2022, countries that imported more from Estonia than Latvia included Finland ($3B), Sweden ($1.9B), and United States ($1.3B).

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

Comparative Advantage Latvia - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Estonia in the exports of Mineral Products ($443M), Machines ($300M), and Wood Products ($243M).

During 2017, Estonia had a large net trade with Latvia in the exports of Mineral Products ($1.26B), Transportation ($256M), and Machines ($240M).

Potential Exports

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Bilateral Service Trade

Est Year

Lva Year

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Estonia () (2022)

Exports from Estonia () to Latvia () (2022)

Latest Data

Trade between Latvia () and Estonia ()

Latvia Exports

Estonia Exports

Market Competitiveness

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

Comparative Advantage Latvia - Estonia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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