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2020
Flag → Flag
Exports $938Rnk 53 / 0
2020
Flag → Flag
Exports $97.9kRnk 162 / 194
2020
Flag → Flag
Top Product $23.1kBroadcasting Equipment
2022
Flag  
GDP$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP GROWTH-12.4%CURRENT US$
Rnk 176 / 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 $37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH-20.7%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Brunei-Latvia Trade: In 2020, Brunei exported $938 to Latvia. The main products that Brunei exported to Latvia were N/A. Over the past 10 years the exports of Brunei to Latvia have decreased at an annualized rate of 2.22%, from $1.17k in 2010 to $938 in 2020.

In 2020, Brunei did not export any services to Latvia.

Latvia-Brunei Trade: In 2020, Latvia exported $97.9k to Brunei. The main products that Latvia exported to Brunei were Broadcasting Equipment ($23.1k), Water ($21.4k), and Other Measuring Instruments ($11.2k). Over the past 10 years the exports of Latvia to Brunei have increased at an annualized rate of 94.2%,  from $1.82k in 2010 to $97.9k in 2020.

In 2020, Latvia did not export any services to Brunei.

Comparison In 2022,  Brunei ranked 90 in total exports ($14B). 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 2020, Brunei exported $938 to Latvia. There were not main exports from Brunei to Latvia in 2020. During the last 10 years the exports of Brunei to Latvia have decreased at an annualized rate of 2.22%, from $1.17k in 2010 to $938 in 2020.

In 2017, Latvia exported $97.9k to Brunei. The main products exported from Latvia to Brunei were Broadcasting Equipment ($23.1k), Water ($21.4k), and Other Measuring Instruments ($11.2k). During the last 5 years the exports of Latvia to Brunei have increased at an annualized rate of 94.2%, from $1.82k in 2022 to $97.9k in 2017.

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

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

Latest Data

Trade between Brunei (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Brunei
Top DestinationAustralia$2.66B
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Brunei than Latvia included Australia ($2.66B), Japan ($2.32B), and China ($2.19B).

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

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

Comparative Advantage Brunei - Latvia

Flow
Scale

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

During 2020, Brunei had a large net trade with Latvia in the exports of .

During 2017, Latvia had a large net trade with Brunei in the exports of Machines ($34.9k), Foodstuffs ($21.6k), and Instruments ($19.4k).

Economic Complexity

Competitive Landscape

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

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

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