Estonia (EST) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Estonia-Latvia Trade: In 2023, Estonia exported $1.91B to Latvia. The main products that Estonia exported to Latvia were Cars ($326M), Electricity ($244M), and Milk ($64M). Over the past 5 years the exports of Estonia to Latvia have increased at an annualized rate of 4.35%, from $1.54B in 2018 to $1.91B in 2023.

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

Latvia-Estonia Trade: In 2023, Latvia exported $1.26B to Estonia. The main products that Latvia exported to Estonia were Petroleum Gas ($127M), Rough Wood ($58.1M), and Sawn Wood ($43.7M). Over the past 5 years the exports of Latvia to Estonia have increased at an annualized rate of 6.2%, from $929M in 2018 to $1.26B in 2023.

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

Comparison In 2023, Estonia ranked 79 in total exports ($20B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $1.91B to Latvia. The main products exported from Estonia to Latvia were Cars ($326M), Electricity ($244M), and Milk ($64M). During the last 5 years the exports of Estonia to Latvia have increased at an annualized rate of 4.35%, from $1.54B in 2018 to $1.91B in 2023.

In 2018, Latvia exported $1.26B to Estonia. The main products exported from Latvia to Estonia were Petroleum Gas ($127M), Rough Wood ($58.1M), and Sawn Wood ($43.7M). During the last 5 years the exports of Latvia to Estonia have increased at an annualized rate of 6.2%, from $929M in 2023 to $1.26B in 2018.

Exports from Estonia () to Latvia () (2023)

Exports from Latvia () to Estonia () (2023)

Latest Data

Trade between Estonia () and Latvia ()

Estonia Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Estonia than Latvia included Finland ($2.71B), Singapore ($510M), and Sweden ($1.45B).

In 2023, countries that imported more from Latvia than Estonia included Lithuania ($3.77B), Nigeria ($717M), and United Kingdom ($1.03B).

Difference in imports from Latvia () and Estonia () (2023)

Comparative Advantage Estonia - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Estonia had a large net trade with Latvia in the exports of Transportation ($377M), Mineral Products ($289M), and Machines ($227M).

During 2018, Latvia had a large net trade with Estonia in the exports of Mineral Products ($182M), Machines ($165M), and Wood Products ($154M).

Bilateral Service Trade

Lva Year

Est Year

In 2020, Estonia exported services to Latvia worth $338M, with Other business services ($138M), Transportation ($70.7M), and Travel ($47.3M) being the largest in terms of value.

In 2020, Latvia exported services to Estonia worth $222M, with Other business services ($75.4M), Transportation ($61.7M), and Travel ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Latvia () (2020)

Services Exports from Latvia () to Estonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Latvia () (2023)

Exports from Latvia () to Estonia () (2023)

Latest Data

Trade between Estonia () and Latvia ()

Estonia Exports

Latvia Exports

Market Competitiveness

Difference in imports from Latvia () and Estonia () (2023)

Comparative Advantage Estonia - Latvia

Bilateral Service Trade

Services Exports from Estonia () to Latvia () (2020)

Services Exports from Latvia () to Estonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Latvia () (2023)

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