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ExportsLatvia-India Trade: In 2023, Latvia exported $65.9M to India. The main products that Latvia exported to India were Scrap Iron ($23.7M), Broadcasting Equipment ($4.7M), and Hydrogen ($3.63M). Over the past 5 years the exports of Latvia to India have decreased at an annualized rate of 11%, from $118M in 2018 to $65.9M in 2023.
In 2020, Latvia exported services to India worth $24M, with Travel ($21.7M) and Computer and information services ($2.28M) being the largest in terms of value.
India-Latvia Trade: In 2023, India exported $154M to Latvia. The main products that India exported to Latvia were Rubber Tires ($57.9M), Broadcasting Equipment ($18M), and Pesticides ($7.86M). Over the past 5 years the exports of India to Latvia have increased at an annualized rate of 8.29%, from $103M in 2018 to $154M in 2023.
In 2023, India did not export any services to Latvia.
Comparison In 2023, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index. That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).
