Latvia / Ireland

Latvia-Ireland Trade: In 2023, Latvia exported $91.3M to Ireland. The main products that Latvia exported to Ireland were Bran ($10.8M), Sawn Wood ($9.87M), and Aluminium Structures ($5.83M). Over the past 5 years the exports of Latvia to Ireland have increased at an annualized rate of 5.17%, from $70.9M in 2018 to $91.3M in 2023.

In 2020, Latvia exported services to Ireland worth $179M, with Computer and information services ($127M), Other business services ($22.8M), and Travel ($13.7M) being the largest in terms of value.

Ireland-Latvia Trade: In 2023, Ireland exported $79.4M to Latvia. The main products that Ireland exported to Latvia were Hard Liquor ($42M), Scented Mixtures ($5.8M), and Malt Extract ($3.61M). Over the past 5 years the exports of Ireland to Latvia have decreased at an annualized rate of 3.12%,  from $102M in 2018 to $79.4M in 2023.

In 2020, Ireland exported services to Latvia worth $67.4M, with Other business services ($58.3M), Transportation ($4.57M), and Travel ($2.28M) 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).