2022
Flag  
GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
 GDP
$10.9BCURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC 
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC
$1,607CURRENT US$
Rnk 153 / 186
2012-2022
Flag
GDP PC GROWTH
36.4%CURRENT US$
Rnk 56 / 186

About

Latvia-Kyrgyzstan Trade: In 2022, Latvia exported $25.1M to Kyrgyzstan. The main products that Latvia exported to Kyrgyzstan were Packaged Medicaments ($3.4M), Other Furniture ($1.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.37M). Over the past 5 years the exports of Latvia to Kyrgyzstan have increased at an annualized rate of 13.6%, from $13.2M in 2017 to $25.1M in 2022.

In 2022, Latvia did not export any services to Kyrgyzstan.

Kyrgyzstan-Latvia Trade: In 2022, Kyrgyzstan exported $2.75M to Latvia. The main products that Kyrgyzstan exported to Latvia were Fuel Wood ($765k), Coal Briquettes ($724k), and Raw Cotton ($525k). Over the past 5 years the exports of Kyrgyzstan to Latvia have decreased at an annualized rate of 1.59%,  from $2.98M in 2017 to $2.75M in 2022.

In 2009, Kyrgyzstan exported services to Latvia worth $220k, with Communications services ($189k), Royalties and license fees ($17.8k), and Financial services ($13.4k) 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, Kyrgyzstan ranked 70 in the Economic Complexity Index (ECI -0.12), and 141 in total exports ($2.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $25.1M to Kyrgyzstan. The main products exported from Latvia to Kyrgyzstan were Packaged Medicaments ($3.4M), Other Furniture ($1.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.37M). During the last 5 years the exports of Latvia to Kyrgyzstan have increased at an annualized rate of 13.6%, from $13.2M in 2017 to $25.1M in 2022.

In 2017, Kyrgyzstan exported $2.75M to Latvia. The main products exported from Kyrgyzstan to Latvia were Fuel Wood ($765k), Coal Briquettes ($724k), and Raw Cotton ($525k). During the last 5 years the exports of Kyrgyzstan to Latvia have decreased at an annualized rate of 1.59%, from $2.98M in 2022 to $2.75M in 2017.

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

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

Latest Data

Trade between Latvia (Flag) and Kyrgyzstan (Flag)

Latvia Exports

Kyrgyzstan Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$4.09B
Kyrgyzstan
Top Destination
Russia$1.07B

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

In 2022, countries that imported more from Latvia than Kyrgyzstan included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2022, countries that imported more from Kyrgyzstan than Latvia included Kazakhstan ($445M), Uzbekistan ($240M), and United Arab Emirates ($105M).

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

Comparative Advantage Latvia - Kyrgyzstan

Flow
Scale

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

During 2022, Latvia had a large net trade with Kyrgyzstan in the exports of Chemical Products ($4.47M), Machines ($4.28M), and Miscellaneous ($3.98M).

During 2017, Kyrgyzstan had a large net trade with Latvia in the exports of Wood Products ($839k), Mineral Products ($802k), and Textiles ($579k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Latvia Kyrgyzstan+$968kTelephones
Top Product Potential Kyrgyzstan Latvia+$241kRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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