Luxembourg / Latvia

Luxembourg-Latvia Trade: In 2022, Luxembourg exported $25.1M to Latvia. The main products that Luxembourg exported to Latvia were Soybean Meal ($11.8M), Coated Flat-Rolled Iron ($4.94M), and Rubber Tires ($1.79M). Over the past 5 years the exports of Luxembourg to Latvia have increased at an annualized rate of 7.35%, from $17.6M in 2017 to $25.1M in 2022.

In 2020, Luxembourg exported services to Latvia worth $10.3M, with Other business services ($8M), Transportation ($1.14M), and Travel ($1.14M) being the largest in terms of value.

Latvia-Luxembourg Trade: In 2022, Latvia exported $36.3M to Luxembourg. The main products that Latvia exported to Luxembourg were Polyacetals ($18.1M), Rye ($6.72M), and Office Machine Parts ($4.17M). Over the past 5 years the exports of Latvia to Luxembourg have increased at an annualized rate of 29.7%,  from $9.89M in 2017 to $36.3M in 2022.

In 2020, Latvia exported services to Luxembourg worth $57.1M, with Transportation ($20.6M), Other business services ($17.1M), and Construction services ($16M) being the largest in terms of value.

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.