Luxembourg / Latvia

Luxembourg-Latvia Trade: In 2023, Luxembourg exported $13.1M to Latvia. The main products that Luxembourg exported to Latvia were Other Headwear ($1.4M), Iron Railway Products ($1.29M), and Other Vegetable Products ($1.23M). Over the past 5 years the exports of Luxembourg to Latvia have decreased at an annualized rate of 9.52%, from $21.6M in 2018 to $13.1M in 2023.

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 2023, Latvia exported $23.6M to Luxembourg. The main products that Latvia exported to Luxembourg were Polyacetals ($12.9M), Office Machine Parts ($2.4M), and Interchangeable Tool Parts ($1.44M). Over the past 5 years the exports of Latvia to Luxembourg have increased at an annualized rate of 22%,  from $8.73M in 2018 to $23.6M in 2023.

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 2023,  Luxembourg ranked 82 in total exports ($18.9B). That same year, Latvia ranked 80 in total exports ($19.9B). Both countries does not have data related to Economic Complexity Index.