Flag Poland / Latvia Flag

2021
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Exports
: $2.07B, Rnk 24 / 214

2021
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Top Product
: $84.2M, Video Displays

2021
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Exports
: $800M, Rnk 9 / 193

2021
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Top Product
: $73.9M, Coated Flat-Rolled Iron

2021
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Economic Complexity (ECI)
: ECI 1.01, Rnk 28 / 131

2021
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GDP
: $674B, CURRENT US$
Rnk 21 / 182

2011-2021
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GDP GROWTH
: 27.6%, CURRENT US$
Rnk 94 / 182

2021
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 GDP
: $38.9B, CURRENT US$
Rnk 91 / 182

2011-2021
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GDP GROWTH
: 41.5%, CURRENT US$
Rnk 71 / 182

2021
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GDP PC 
: $17,841, CURRENT US$
Rnk 47 / 182

2011-2021
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GDP PC GROWTH
: 28.5%, CURRENT US$
Rnk 59 / 182

2021
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GDP PC
: $20,642, CURRENT US$
Rnk 43 / 182

2011-2021
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GDP PC GROWTH
: 54.8%, CURRENT US$
Rnk 25 / 182

Poland-Latvia In 2021, Poland exported $2.07B to Latvia. The main products that Poland exported to Latvia are Video Displays ($84.2M), Motor vehicles; parts and accessories (8701 to 8705) ($51.9M), and Packaged Medicaments ($48.6M). During the last 26 years the exports of Poland to Latvia have increased at an annualized rate of 15%, from $55.2M in 1995 to $2.07B in 2021.

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 2021, Latvia exported $800M to Poland. The main products that Latvia exported to Poland were Coated Flat-Rolled Iron ($73.9M), Hot-Rolled Iron ($63.8M), and Large Flat-Rolled Iron ($41.3M). During the last 26 years the exports of Latvia to Poland have increased at an annualized rate of 12.8%, from $35.3M in 1995 to $800M in 2021.

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 2021,  Poland ranked 28 in the Economic Complexity Index (ECI 1.01),  and 22 in total exports ($323B). That same year, Latvia ranked 75 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Poland exported $2.07B to Latvia. The main products exported from Poland to Latvia were Video Displays ($84.2M), Motor vehicles; parts and accessories (8701 to 8705) ($51.9M), and Packaged Medicaments ($48.6M). During the last 26 years the exports of Poland to Latvia have increased at an annualized rate of 15%, from $55.2M in 1995 to $2.07B in 2021.

In 2021, Latvia exported $800M to Poland. The main products exported from Latvia to Poland were Coated Flat-Rolled Iron ($73.9M), Hot-Rolled Iron ($63.8M), and Large Flat-Rolled Iron ($41.3M). During the last 26 years the exports of Latvia to Poland have increased at an annualized rate of 12.8%, from $35.3M in 1995 to $800M in 2021.

Poland Exports

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Latvia Exports

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Market Competitiveness

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Color

Poland
Top Destination
: Germany, $89.4B

Latvia
Top Destination
: Lithuania, $3.35B

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 ($89.4B), Czechia ($19B), and France ($18.5B).

In 2021, countries that imported more from Latvia than Poland were Nigeria ($524M), Estonia ($1.81B), and Republic of the Congo ($10.1M).

Comparative Advantage Poland - Latvia

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Flow
Scale

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

During 2021, Poland had a large net trade with Latvia in the exports of Machines ($456M), Chemical Products ($227M), and Metals ($210M).

During 2021, Latvia had a large net trade with Poland in the exports of Metals ($314M), Machines ($115M), and Wood Products ($59.2M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.