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2022
Flag → Flag
Exports $467MRnk 13 / 194
2022
Flag → Flag
Top Product $39.3MSawn Wood
2022
Flag → Flag
Exports $515MRnk 71 / 219
2022
Flag → Flag
Top Product $54.5MWine
2022
Flag
Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
2022
Flag  
GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
 GDP$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP GROWTH3.7%CURRENT US$
Rnk 157 / 186
2022
Flag
GDP PC $21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC$40,964CURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

Latvia-France Trade: In 2022, Latvia exported $467M to France. The main products that Latvia exported to France were Sawn Wood ($39.3M), Other Plastic Products ($29.2M), and Plywood ($22.8M). Over the past 5 years the exports of Latvia to France have increased at an annualized rate of 14.9%, from $233M in 2017 to $467M in 2022.

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

France-Latvia Trade: In 2022, France exported $515M to Latvia. The main products that France exported to Latvia were Wine ($54.5M), Hard Liquor ($50.7M), and Planes, Helicopters, and/or Spacecraft ($43.5M). Over the past 5 years the exports of France to Latvia have increased at an annualized rate of 8.59%,  from $341M in 2017 to $515M in 2022.

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) 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, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $467M to France. The main products exported from Latvia to France were Sawn Wood ($39.3M), Other Plastic Products ($29.2M), and Plywood ($22.8M). During the last 5 years the exports of Latvia to France have increased at an annualized rate of 14.9%, from $233M in 2017 to $467M in 2022.

In 2017, France exported $515M to Latvia. The main products exported from France to Latvia were Wine ($54.5M), Hard Liquor ($50.7M), and Planes, Helicopters, and/or Spacecraft ($43.5M). During the last 5 years the exports of France to Latvia have increased at an annualized rate of 8.59%, from $341M in 2022 to $515M in 2017.

Exports from Latvia (Flag) to France (Flag) (2022)

Exports from France (Flag) to Latvia (Flag) (2022)

Latest Data

Trade between Latvia (Flag) and France (Flag)

Latvia Exports

France Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$4.09B
France
Top DestinationGermany$78.3B

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

In 2022, countries that imported more from Latvia than France included Lithuania ($4.09B), Estonia ($2.26B), and Belarus ($194M).

In 2022, countries that imported more from France than Latvia included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

Difference in imports from France (Flag) and Latvia (Flag) (2022)

Comparative Advantage Latvia - France

Flow
Scale

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

During 2022, Latvia had a large net trade with France in the exports of Wood Products ($121M), Machines ($83.1M), and Transportation ($68.8M).

During 2017, France had a large net trade with Latvia in the exports of Foodstuffs ($126M), Machines ($115M), and Transportation ($84.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Latvia France+$16.7MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential France Latvia+$16.8MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia (Flag) to France (Flag) (2020)

Services Exports from France (Flag) to Latvia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Latvia (Flag) and France (Flag) (2022)

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