Russia / Latvia | OEC - The Observatory of Economic Complexity

About

Russia-Latvia In 2021, Russia exported $3.52B to Latvia. The main products that Russia exported to Latvia are N/A. During the last 26 years the exports of Russia to Latvia have increased at an annualized rate of 9.07%, from $368M in 1995 to $3.52B in 2021.

In 2021, Russia did not export any services to Latvia.

Latvia-Russia In 2021, Latvia exported $1.38B to Russia. The main products that Latvia exported to Russia were N/A. During the last 26 years the exports of Latvia to Russia have increased at an annualized rate of 5.77%, from $320M in 1995 to $1.38B in 2021.

In 2020, Latvia exported services to Russia worth $267M, with Transportation ($144M), Travel ($38.8M), and Other business services ($30.8M) being the largest in terms of value.

Comparison In N/A, Russia ranked N/A in total exports (N/A). That same year, Latvia ranked N/A in total exports (N/A). Both countries does not have data related to Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Russia exported $3.52B to Latvia. There were not main exports from Russia to Latvia in 2021. During the last 26 years the exports of Russia to Latvia have increased at an annualized rate of 9.07%, from $368M in 1995 to $3.52B in 2021.

In 2021, Latvia exported $1.38B to Russia. There were not main exports from Latvia to Russia in 2021. During the last 26 years the exports of Latvia to Russia have increased at an annualized rate of 5.77%, from $320M in 1995 to $1.38B in 2021.

Market Competitiveness

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Color

SectionYear

Russia
Top Destination: N/A, N/A

Latvia
Top Destination: N/A, N/A

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

N/A

Comparative Advantage Russia - Latvia

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Flow

Scale

Year

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

During 2021, Russia had a large net trade with Latvia in the exports of Mineral Products ($1.68B), Metals ($595M), and Vegetable Products ($302M).

During 2021, Latvia had a large net trade with Russia in the exports of N/A.

Service Trade

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Bilateral Service Trade

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Rus Year

In 2020, Latvia exported services to Russia worth $267M, with Transportation ($144M), Travel ($38.8M), and Other business services ($30.8M) 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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Year

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

About

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Latvia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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