NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $23.2MRnk 64 / 198
2023
Flag → Flag
Top Product $3.37MBovine
2023
Flag → Flag
Exports $20.2MRnk 59 / 191
2023
Flag → Flag
Top Product $3.22MVideo Displays
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $22,503CURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP PC GROWTH55.4%CURRENT US$
Rnk 37 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Latvia-Croatia Trade: In 2023, Latvia exported $23.2M to Croatia. The main products that Latvia exported to Croatia were Bovine ($3.37M), Light Fixtures ($2.1M), and LCDs ($1.67M). Over the past 5 years the exports of Latvia to Croatia have increased at an annualized rate of 15.1%, from $11.5M in 2018 to $23.2M in 2023.

In 2020, Latvia exported services to Croatia worth $2.28M, with Other business services ($2.28M) being the largest in terms of value.

Croatia-Latvia Trade: In 2023, Croatia exported $20.2M to Latvia. The main products that Croatia exported to Latvia were Video Displays ($3.22M), Other Furniture ($930k), and Central Heating Boilers ($870k). Over the past 5 years the exports of Croatia to Latvia have increased at an annualized rate of 5.3%,  from $15.6M in 2018 to $20.2M in 2023.

In 2020, Croatia exported services to Latvia worth $5.83M, with Travel ($4.8M), Other business services ($800k), and Transportation ($114k) being the largest in terms of value.

Comparison In 2023,  Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Latvia exported $23.2M to Croatia. The main products exported from Latvia to Croatia were Bovine ($3.37M), Light Fixtures ($2.1M), and LCDs ($1.67M). During the last 5 years the exports of Latvia to Croatia have increased at an annualized rate of 15.1%, from $11.5M in 2018 to $23.2M in 2023.

In 2018, Croatia exported $20.2M to Latvia. The main products exported from Croatia to Latvia were Video Displays ($3.22M), Other Furniture ($930k), and Central Heating Boilers ($870k). During the last 5 years the exports of Croatia to Latvia have increased at an annualized rate of 5.3%, from $15.6M in 2023 to $20.2M in 2018.

Exports from Latvia (Flag) to Croatia (Flag) (2023)

Exports from Croatia (Flag) to Latvia (Flag) (2023)

Latest Data

Trade between Latvia (Flag) and Croatia (Flag)

Latvia Exports

Croatia Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$3.77B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Latvia than Croatia included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

In 2023, countries that imported more from Croatia than Latvia included Italy ($3.05B), Slovenia ($2.45B), and Germany ($2.58B).

Difference in imports from Croatia (Flag) and Latvia (Flag) (2023)

Comparative Advantage Latvia - Croatia

Flow
Scale

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

During 2023, Latvia had a large net trade with Croatia in the exports of Machines ($4.36M), Animal Products ($4.01M), and Instruments ($2.71M).

During 2018, Croatia had a large net trade with Latvia in the exports of Machines ($7.99M), Foodstuffs ($2.17M), and Textiles ($1.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Latvia Croatia+$1.79MPackaged Medicaments
Top Product Potential Croatia Latvia+$825kPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Latvia exported services to Croatia worth $2.28M, with Other business services ($2.28M) being the largest in terms of value.

In 2020, Croatia exported services to Latvia worth $5.83M, with Travel ($4.8M), Other business services ($800k), and Transportation ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Croatia (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 Croatia. This means that a dot/product with the flag of Latvia indicates it has a comparative advantage over Croatia. Similarly, a dot/product with the flag of Croatia indicates it has a comparative advantage over Latvia.

Product Space of Latvia (Flag) and Croatia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms