Lesotho (LSO) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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In N/A, Lesotho did not export any services to Latvia.

Latvia-Lesotho Trade: In N/A, Latvia exported $2.56M to Lesotho. The main products that Latvia exported to Lesotho were Wheat ($2.56M). Over the past N/A years the exports of Latvia to Lesotho have increased at an annualized rate of 20%, from $1.03M in N/A to $2.56M in N/A.

In N/A, Latvia did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B). 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

Lesotho does not register exports to Latvia.

In 2018, Latvia exported $2.56M to Lesotho. The main products exported from Latvia to Lesotho were Wheat ($2.56M). During the last 5 years the exports of Latvia to Lesotho have increased at an annualized rate of 20%, from $1.03M in 2023 to $2.56M in 2018.

Exports from Lesotho () to Latvia () (2023)

Exports from Latvia () to Lesotho () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Lesotho than Latvia included South Africa ($351M), Belgium ($295M), and India ($86.3M).

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

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

Comparative Advantage Lesotho - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Latvia had a large net trade with Lesotho in the exports of Vegetable Products ($2.56M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Latvia+$1.57kLow-voltage Protection Equipment

Top Product Potential Latvia Lesotho+$1.84kRefined Petroleum

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 Lesotho and Latvia. This means that a dot/product with the flag of Lesotho indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over Lesotho.

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Latvia () (2023)

Exports from Latvia () to Lesotho () (2023)

Market Competitiveness

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

Comparative Advantage Lesotho - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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