Latvia (LVA) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

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Latvia-Luxembourg In 2022, Latvia exported $36.3M to Luxembourg. The main products that Latvia exported to Luxembourg are Polyacetals ($18.1M), Rye ($6.72M), and Office Machine Parts ($4.17M). During the last 23 years the exports of Latvia to Luxembourg have increased at an annualized rate of 21.7%, from $399k in 1999 to $36.3M in 2022.

In 2020, Latvia exported services to Luxembourg worth $57.1M, with Transportation ($20.6M), Other business services ($17.1M), and Construction services ($16M) being the largest in terms of value.

Luxembourg-Latvia In 2022, Luxembourg exported $25.1M to Latvia. The main products that Luxembourg exported to Latvia were Soybean Meal ($11.8M), Coated Flat-Rolled Iron ($4.94M), and Rubber Tires ($1.79M). During the last 23 years the exports of Luxembourg to Latvia have increased at an annualized rate of 14.3%, from $1.17M in 1999 to $25.1M in 2022.

In 2020, Luxembourg exported services to Latvia worth $10.3M, with Other business services ($8M), Transportation ($1.14M), and Travel ($1.14M) being the largest in terms of value.

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B). That same year, Luxembourg ranked 78 in total exports ($20.5B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $36.3M to Luxembourg. The main products exported from Latvia to Luxembourg were Polyacetals ($18.1M), Rye ($6.72M), and Office Machine Parts ($4.17M). During the last 23 years the exports of Latvia to Luxembourg have increased at an annualized rate of 21.7%, from $399k in 1999 to $36.3M in 2022.

In 2022, Luxembourg exported $25.1M to Latvia. The main products exported from Luxembourg to Latvia were Soybean Meal ($11.8M), Coated Flat-Rolled Iron ($4.94M), and Rubber Tires ($1.79M). During the last 23 years the exports of Luxembourg to Latvia have increased at an annualized rate of 14.3%, from $1.17M in 1999 to $25.1M in 2022.

Exports from Latvia () to Luxembourg () (2022)

Exports from Luxembourg () to Latvia () (2022)

Latest Data

Trade between Latvia () and Luxembourg ()

Latvia Exports

Date

Luxembourg Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Luxembourg
Top DestinationGermany$4.15B

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

In 2021, countries that imported more from Latvia than Luxembourg were Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

In 2021, countries that imported more from Luxembourg than Latvia were Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

Difference in imports from Luxembourg () and Latvia () (2022)

Comparative Advantage Latvia - Luxembourg

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Luxembourg in the exports of Plastics and Rubbers ($18.2M), Vegetable Products ($9.17M), and Machines ($5.24M).

During 2022, Luxembourg had a large net trade with Latvia in the exports of Foodstuffs ($12M), Metals ($7.05M), and Plastics and Rubbers ($2.16M).

Service Trade

Bilateral Service Trade

Lux Year

Lva Year

In 2020, Latvia exported services to Luxembourg worth $57.1M, with Transportation ($20.6M), Other business services ($17.1M), and Construction services ($16M) being the largest in terms of value.

In 2020, Luxembourg exported services to Latvia worth $10.3M, with Other business services ($8M), Transportation ($1.14M), and Travel ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia () to Luxembourg () (2020)

Services Exports from Luxembourg () to Latvia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Latvia has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Luxembourg () (2022)

Exports from Luxembourg () to Latvia () (2022)

Latest Data

Trade between Latvia () and Luxembourg ()

Latvia Exports

Luxembourg Exports

Market Competitiveness

Difference in imports from Luxembourg () and Latvia () (2022)

Comparative Advantage Latvia - Luxembourg

Service Trade

Bilateral Service Trade

Services Exports from Latvia () to Luxembourg () (2020)

Services Exports from Luxembourg () to Latvia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Latvia () and Luxembourg () (2022)

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