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2016
Flag → Flag
Exports $122Rnk 73 / 0
2016
Flag → Flag
Exports $5.14kRnk 185 / 194
2016
Flag → Flag
Top Product $2.04kNavigation Equipment
2022
Flag  
GDP$949MCURRENT US$
Rnk 178 / 186
2012-2022
Flag
GDP GROWTH29.9%CURRENT US$
Rnk 101 / 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 $9,125CURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP PC GROWTH35.1%CURRENT US$
Rnk 57 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Saint Vincent and the Grenadines-Latvia Trade: In 2016, Saint Vincent and the Grenadines exported $122 to Latvia. The main products that Saint Vincent and the Grenadines exported to Latvia were N/A. Over the past 12 years the exports of Saint Vincent and the Grenadines to Latvia have decreased at an annualized rate of 19%, from $1.52k in 2004 to $122 in 2016.

In 2016, Saint Vincent and the Grenadines did not export any services to Latvia.

Latvia-Saint Vincent and the Grenadines Trade: In 2016, Latvia exported $5.14k to Saint Vincent and the Grenadines. The main products that Latvia exported to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). Over the past 12 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%,  from $9.61k in 2004 to $5.14k in 2016.

In 2016, Latvia did not export any services to Saint Vincent and the Grenadines.

Comparison In 2022,  Saint Vincent and the Grenadines ranked 197 in total exports ($82.5M). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Saint Vincent and the Grenadines exported $122 to Latvia. There were not main exports from Saint Vincent and the Grenadines to Latvia in 2016. During the last 12 years the exports of Saint Vincent and the Grenadines to Latvia have decreased at an annualized rate of 19%, from $1.52k in 2004 to $122 in 2016.

In 2017, Latvia exported $5.14k to Saint Vincent and the Grenadines. The main products exported from Latvia to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). During the last 5 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%, from $9.61k in 2022 to $5.14k in 2017.

Exports from Saint Vincent and the Grenadines (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Saint Vincent and the Grenadines (Flag) (2022)

Latest Data

Trade between Saint Vincent and the Grenadines (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Saint Vincent and the Grenadines
Top DestinationMalaysia$27.8M
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Saint Vincent and the Grenadines than Latvia included Malaysia ($27.8M), Barbados ($6.84M), and Antigua and Barbuda ($3.5M).

In 2022, countries that imported more from Latvia than Saint Vincent and the Grenadines included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

Difference in imports from Latvia (Flag) and Saint Vincent and the Grenadines (Flag) (2022)

Comparative Advantage Saint Vincent and the Grenadines - Latvia

Flow
Scale

This chart compares trade between Saint Vincent and the Grenadines and Latvia by product, considering products traded by both, Saint Vincent and the Grenadines and Latvia.

During 2016, Saint Vincent and the Grenadines had a large net trade with Latvia in the exports of .

During 2017, Latvia had a large net trade with Saint Vincent and the Grenadines in the exports of Machines ($3.35k) and Mineral Products ($1.79k).

Economic Complexity

Competitive Landscape

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

Product Space of Saint Vincent and the Grenadines (Flag) and Latvia (Flag) (2022)

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