2023
Flag  
GDP
$17.4BCURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP GROWTH
28.9%CURRENT US$
Rnk 117 / 195
2023
Flag
 GDP
$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH
44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC 
$3,372CURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP PC GROWTH
1.72%CURRENT US$
Rnk 151 / 195
2023
Flag
GDP PC
$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH
55.4%CURRENT US$
Rnk 37 / 195

About

In N/A, Palestine did not export any services to Latvia.

Latvia-Palestine Trade: In N/A, Latvia exported $734k to Palestine. The main products that Latvia exported to Palestine were Broadcasting Equipment ($580k), Chocolate ($82.3k), and Peat ($65.5k). Over the past N/A years the exports of Latvia to Palestine have increased at an annualized rate of 4.58%,  from $587k in N/A to $734k in N/A.

In N/A, Latvia did not export any services to Palestine.

Comparison In 2023,  Palestine ranked 189 in total exports ($189M). That same year, Latvia ranked 80 in total exports ($19.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Palestine does not register exports to Latvia.

In 2018, Latvia exported $734k to Palestine. The main products exported from Latvia to Palestine were Broadcasting Equipment ($580k), Chocolate ($82.3k), and Peat ($65.5k). During the last 5 years the exports of Latvia to Palestine have increased at an annualized rate of 4.58%, from $587k in 2023 to $734k in 2018.

Exports from Palestine (Flag) to Latvia (Flag) (2023)

Exports from Latvia (Flag) to Palestine (Flag) (2023)

Latest Data

Trade between Palestine (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Palestine
Top Destination
Jordan$96.6M
Latvia
Top Destination
Lithuania$3.77B

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

In 2023, countries that imported more from Palestine than Latvia included Jordan ($96.6M) and Cape Verde ($87).

In 2023, countries that imported more from Latvia than Palestine included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

Difference in imports from Latvia (Flag) and Palestine (Flag) (2023)

Comparative Advantage Palestine - Latvia

Flow
Scale

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

During 2018, Latvia had a large net trade with Palestine in the exports of Machines ($585k), Foodstuffs ($82.3k), and Mineral Products ($65.5k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Palestine and Latvia. This means that a dot/product with the flag of Palestine indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over Palestine.

Product Space of Palestine (Flag) and Latvia (Flag) (2023)

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