2022
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GDP
$688BCURRENT US$
Rnk 21 / 186
2012-2022
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GDP GROWTH
39%CURRENT US$
Rnk 85 / 186
2022
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 GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
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GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
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GDP PC 
$18,321CURRENT US$
Rnk 57 / 186
2012-2022
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GDP PC GROWTH
40.8%CURRENT US$
Rnk 47 / 186
2022
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GDP PC
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
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GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186

About

Poland-Latvia In 2022, Poland exported $2.48B to Latvia. The main products that Poland exported to Latvia are Video Displays ($65.4M), Motor vehicles; parts and accessories (8701 to 8705) ($60.5M), and Pesticides ($56.6M). During the last 27 years the exports of Poland to Latvia have increased at an annualized rate of 15.2%, from $54.7M in 1995 to $2.48B in 2022.

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) being the largest in terms of value.

Latvia-Poland In 2022, Latvia exported $805M to Poland. The main products that Latvia exported to Poland were Broadcasting Equipment ($39.4M), Rough Wood ($32.2M), and Plywood ($26M). During the last 27 years the exports of Latvia to Poland have increased at an annualized rate of 12.3%, from $35.3M in 1995 to $805M in 2022.

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

Comparison In 2022,  Poland ranked 25 in the Economic Complexity Index (ECI 0.99),  and 24 in total exports ($346B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Poland exported $2.48B to Latvia. The main products exported from Poland to Latvia were Video Displays ($65.4M), Motor vehicles; parts and accessories (8701 to 8705) ($60.5M), and Pesticides ($56.6M). During the last 27 years the exports of Poland to Latvia have increased at an annualized rate of 15.2%, from $54.7M in 1995 to $2.48B in 2022.

In 2022, Latvia exported $805M to Poland. The main products exported from Latvia to Poland were Broadcasting Equipment ($39.4M), Rough Wood ($32.2M), and Plywood ($26M). During the last 27 years the exports of Latvia to Poland have increased at an annualized rate of 12.3%, from $35.3M in 1995 to $805M in 2022.

Exports from Poland (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Poland (Flag) (2022)

Latest Data

Trade between Poland (Flag) and Latvia (Flag)

Poland Exports

Latvia Exports

Market Competitiveness

Color
Poland
Top Destination
Germany$93.1B
Latvia
Top Destination
Lithuania$4.09B

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

In 2021, countries that imported more from Poland than Latvia were Germany ($93.1B), Czechia ($22.4B), and France ($19.8B).

In 2021, countries that imported more from Latvia than Poland were Estonia ($2.26B), Nigeria ($512M), and Mozambique ($37.6M).

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

Comparative Advantage Poland - Latvia

Flow
Scale

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

During 2022, Poland had a large net trade with Latvia in the exports of Machines ($448M), Metals ($279M), and Chemical Products ($256M).

During 2022, Latvia had a large net trade with Poland in the exports of Machines ($142M), Metals ($129M), and Wood Products ($121M).

Service Trade

Bilateral Service Trade

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) being the largest in terms of value.

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Poland (Flag) to Latvia (Flag) (2020)

Services Exports from Latvia (Flag) to Poland (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Poland has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Poland.

Product Space of Poland (Flag) and Latvia (Flag) (2022)

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