Jordan (JOR) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Jordan-Latvia Trade: In 2023, Jordan exported $356k to Latvia. The main products that Jordan exported to Latvia were Ethylene Polymers ($149k), Low-voltage Protection Equipment ($109k), and Packaged Medicaments ($31.4k). Over the past 5 years the exports of Jordan to Latvia have increased at an annualized rate of 41.5%, from $62.7k in 2018 to $356k in 2023.

In 2023, Jordan did not export any services to Latvia.

Latvia-Jordan Trade: In 2023, Latvia exported $3.69M to Jordan. The main products that Latvia exported to Jordan were Hard Liquor ($991k), Peat ($389k), and Air Conditioners ($235k). Over the past 5 years the exports of Latvia to Jordan have decreased at an annualized rate of 56.5%, from $236M in 2018 to $3.69M in 2023.

In 2023, Latvia did not export any services to Jordan.

Comparison In 2023, Jordan ranked 64 in the Economic Complexity Index (ECI -0.015), and 88 in total exports ($14.7B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jordan exported $356k to Latvia. The main products exported from Jordan to Latvia were Ethylene Polymers ($149k), Low-voltage Protection Equipment ($109k), and Packaged Medicaments ($31.4k). During the last 5 years the exports of Jordan to Latvia have increased at an annualized rate of 41.5%, from $62.7k in 2018 to $356k in 2023.

In 2018, Latvia exported $3.69M to Jordan. The main products exported from Latvia to Jordan were Hard Liquor ($991k), Peat ($389k), and Air Conditioners ($235k). During the last 5 years the exports of Latvia to Jordan have decreased at an annualized rate of 56.5%, from $236M in 2023 to $3.69M in 2018.

Exports from Jordan () to Latvia () (2023)

Exports from Latvia () to Jordan () (2023)

Latest Data

Trade between Jordan () and Latvia ()

Jordan Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jordan
Top DestinationUnited States$3.14B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Jordan than Latvia included United States ($3.14B), India ($1.92B), and Saudi Arabia ($1.67B).

In 2023, countries that imported more from Latvia than Jordan included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

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

Comparative Advantage Jordan - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jordan had a large net trade with Latvia in the exports of Plastics and Rubbers ($154k), Machines ($110k), and Chemical Products ($59.2k).

During 2018, Latvia had a large net trade with Jordan in the exports of Foodstuffs ($1.2M), Machines ($953k), and Mineral Products ($389k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jordan Latvia+$215kEthylene Polymers

Top Product Potential Latvia Jordan+$1.08MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Jordan () to Latvia () (2023)

Exports from Latvia () to Jordan () (2023)

Latest Data

Trade between Jordan () and Latvia ()

Jordan Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Jordan - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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