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Pricing

2022
Flag → Flag
Exports $10.8MRnk 36 / 158
2022
Flag → Flag
Top Product $2.91MInsulated Wire
2022
Flag → Flag
Exports $29.7MRnk 56 / 194
2022
Flag → Flag
Top Product $6.83MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.0038Rnk 65 / 133
2022
Flag  
GDP$14.4BCURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP GROWTH65.6%CURRENT US$
Rnk 33 / 186
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC $5,563CURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP PC GROWTH82.7%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

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.

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.

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

Historical Data

Latest Data

Trade between Moldova (Flag) and Latvia (Flag)

Moldova Exports

Latvia Exports

Market Competitiveness

Color
Moldova
Top DestinationRomania$1.35B
Latvia
Top DestinationLithuania$4.09B

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

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

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

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

Potential Exports

Potential Exports

Depth
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Top Product Potential Moldova Latvia+$791kInsulated Wire
Top Product Potential Latvia Moldova+$457kTelephones

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

Product Space of Moldova (Flag) and Latvia (Flag) (NaN)

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