Latvia (LVA) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Latvia-Mexico In 2022, Latvia exported $14.4M to Mexico. The main products that Latvia exported to Mexico are Peat ($5.09M), Broadcasting Equipment ($1.91M), and Hard Liquor ($1.31M). During the last 27 years the exports of Latvia to Mexico have increased at an annualized rate of 36.3%, from $3.4k in 1995 to $14.4M in 2022.

In 2020, Latvia exported services to Mexico worth $1.14M, with Computer and information services ($1.14M) being the largest in terms of value.

Mexico-Latvia In 2022, Mexico exported $35.2M to Latvia. The main products that Mexico exported to Latvia were Beer ($11.6M), Other Engines ($8.7M), and Hard Liquor ($4.76M). During the last 27 years the exports of Mexico to Latvia have increased at an annualized rate of 22.5%, from $148k in 1995 to $35.2M in 2022.

In 2022, Mexico 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, Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $14.4M to Mexico. The main products exported from Latvia to Mexico were Peat ($5.09M), Broadcasting Equipment ($1.91M), and Hard Liquor ($1.31M). During the last 27 years the exports of Latvia to Mexico have increased at an annualized rate of 36.3%, from $3.4k in 1995 to $14.4M in 2022.

In 2022, Mexico exported $35.2M to Latvia. The main products exported from Mexico to Latvia were Beer ($11.6M), Other Engines ($8.7M), and Hard Liquor ($4.76M). During the last 27 years the exports of Mexico to Latvia have increased at an annualized rate of 22.5%, from $148k in 1995 to $35.2M in 2022.

Exports from Latvia () to Mexico () (2022)

Exports from Mexico () to Latvia () (2022)

Latest Data

Trade between Latvia () and Mexico ()

Latvia Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Mexico
Top DestinationUnited States$421B

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

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

In 2021, countries that imported more from Mexico than Latvia were United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Latvia - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Mexico in the exports of Mineral Products ($5.09M), Machines ($3.45M), and Foodstuffs ($1.78M).

During 2022, Mexico had a large net trade with Latvia in the exports of Foodstuffs ($17M), Machines ($11.3M), and Stone And Glass ($2.74M).

Service Trade

Bilateral Service Trade

Lva Year

In 2020, Latvia exported services to Mexico worth $1.14M, with Computer and information services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia () to Mexico () (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 Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Mexico () (2022)

Exports from Mexico () to Latvia () (2022)

Latest Data

Trade between Latvia () and Mexico ()

Latvia Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Latvia - Mexico

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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