Latvia (LVA) and Saint Vincent and the Grenadines (VCT) Trade | The Observatory of Economic Complexity

About

Latvia-Saint Vincent and the Grenadines Trade: In 2022, Latvia exported $5.14k to Saint Vincent and the Grenadines. The main products that Latvia exported to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). Over the past 5 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%, from $9.61k in 2017 to $5.14k in 2022.

In 2022, Latvia did not export any services to Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines-Latvia In N/A, Saint Vincent and the Grenadines did not export any products to Latvia.

In 2022, Saint Vincent and the Grenadines did not export any services to Latvia.

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B). That same year, Saint Vincent and the Grenadines ranked 197 in total exports ($82.5M). 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 $5.14k to Saint Vincent and the Grenadines. The main products exported from Latvia to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). During the last 5 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%, from $9.61k in 2017 to $5.14k in 2022.

Saint Vincent and the Grenadines does not register exports to Latvia.

Exports from Latvia () to Saint Vincent and the Grenadines () (2022)

Exports from Saint Vincent and the Grenadines () to Latvia () (2022)

Latest Data

Trade between Latvia () and Saint Vincent and the Grenadines ()

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Saint Vincent and the Grenadines
Top DestinationMalaysia$27.8M

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

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

In 2022, countries that imported more from Saint Vincent and the Grenadines than Latvia included Malaysia ($27.8M), Barbados ($6.84M), and Antigua and Barbuda ($3.5M).

Difference in imports from Saint Vincent and the Grenadines () and Latvia () (2022)

Comparative Advantage Latvia - Saint Vincent and the Grenadines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Latvia and Saint Vincent and the Grenadines by product, considering products traded by both, Latvia and Saint Vincent and the Grenadines.

During 2022, Latvia had a large net trade with Saint Vincent and the Grenadines in the exports of Machines ($3.35k) and Mineral Products ($1.79k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Saint Vincent and the Grenadines+N/AN/A

Top Product Potential Saint Vincent and the Grenadines Latvia+N/AN/A

N/A

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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 Saint Vincent and the Grenadines. This means that a dot/product with the flag of Latvia indicates it has a comparative advantage over Saint Vincent and the Grenadines. Similarly, a dot/product with the flag of Saint Vincent and the Grenadines indicates it has a comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Saint Vincent and the Grenadines () (2022)

Exports from Saint Vincent and the Grenadines () to Latvia () (2022)

Latest Data

Trade between Latvia () and Saint Vincent and the Grenadines ()

Latvia Exports

Market Competitiveness

Difference in imports from Saint Vincent and the Grenadines () and Latvia () (2022)

Comparative Advantage Latvia - Saint Vincent and the Grenadines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Latvia () and Saint Vincent and the Grenadines () (2022)

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