Denmark / Latvia

Denmark-Latvia Trade: In 2023, Denmark exported $485M to Latvia. The main products that Denmark exported to Latvia were Packaged Medicaments ($44.2M), Pig Meat ($27M), and Non-fillet Fresh Fish ($26.2M). Over the past 5 years the exports of Denmark to Latvia have increased at an annualized rate of 5%, from $380M in 2018 to $485M in 2023.

In 2020, Denmark exported services to Latvia worth $156M, with Transportation ($93.7M), Travel ($27.8M), and Other business services ($13.1M) being the largest in terms of value.

Latvia-Denmark Trade: In 2023, Latvia exported $873M to Denmark. The main products that Latvia exported to Denmark were Fuel Wood ($115M), Other Furniture ($62.3M), and Iron Structures ($60.5M). Over the past 5 years the exports of Latvia to Denmark have increased at an annualized rate of 6.61%,  from $634M in 2018 to $873M in 2023.

In 2020, Latvia exported services to Denmark worth $129M, with Transportation ($54.8M), Other business services ($42.3M), and Computer and information services ($20.6M) being the largest in terms of value.

Comparison In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13),  and 37 in total exports ($118B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.