Latvia (LVA) and Moldova (MDA) Trade | The Observatory of Economic Complexity

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Latvia-Moldova Trade: In 2022, Latvia exported $29.7M to Moldova. The main products that Latvia exported to Moldova were Packaged Medicaments ($6.83M), Processed Fish ($4.45M), and Cheese ($1.94M). Over the past 5 years the exports of Latvia to Moldova have increased at an annualized rate of 10.2%, from $18.3M in 2017 to $29.7M in 2022.

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

Moldova-Latvia Trade: In 2022, Moldova exported $10.8M to Latvia. The main products that Moldova exported to Latvia were Insulated Wire ($2.91M), Grapes ($1.2M), and Wine ($1.13M). Over the past 5 years the exports of Moldova to Latvia have increased at an annualized rate of 5.53%, from $8.27M in 2017 to $10.8M in 2022.

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

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Moldova ranked 65 in the Economic Complexity Index (ECI 0.0038), and 124 in total exports ($4.94B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $29.7M to Moldova. The main products exported from Latvia to Moldova were Packaged Medicaments ($6.83M), Processed Fish ($4.45M), and Cheese ($1.94M). During the last 5 years the exports of Latvia to Moldova have increased at an annualized rate of 10.2%, from $18.3M in 2017 to $29.7M in 2022.

In 2017, Moldova exported $10.8M to Latvia. The main products exported from Moldova to Latvia were Insulated Wire ($2.91M), Grapes ($1.2M), and Wine ($1.13M). During the last 5 years the exports of Moldova to Latvia have increased at an annualized rate of 5.53%, from $8.27M in 2022 to $10.8M in 2017.

Exports from Latvia () to Moldova () (2022)

Exports from Moldova () to Latvia () (2022)

Latest Data

Trade between Latvia () and Moldova ()

Latvia Exports

Date

Moldova Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Moldova
Top DestinationRomania$1.35B

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

In 2022, countries that imported more from Latvia than Moldova included Lithuania ($4.09B), Estonia ($2.26B), and Sweden ($1.19B).

In 2022, countries that imported more from Moldova than Latvia included Romania ($1.35B), Ukraine ($729M), and Bulgaria ($150M).

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

Comparative Advantage Latvia - Moldova

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Moldova in the exports of Chemical Products ($8.57M), Foodstuffs ($6.08M), and Machines ($5.25M).

During 2017, Moldova had a large net trade with Latvia in the exports of Machines ($3.37M), Foodstuffs ($2.59M), and Vegetable Products ($1.91M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Moldova+$457kTelephones

Top Product Potential Moldova Latvia+$791kInsulated Wire

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Moldova () (2022)

Exports from Moldova () to Latvia () (2022)

Latest Data

Trade between Latvia () and Moldova ()

Latvia Exports

Moldova Exports

Market Competitiveness

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

Comparative Advantage Latvia - Moldova

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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