Latvia / Albania

Latvia-Albania Trade: In 2023, Latvia exported $2.75M to Albania. The main products that Latvia exported to Albania were Broadcasting Equipment ($443k), Packaged Medicaments ($387k), and Other Edible Preparations ($331k). Over the past 5 years the exports of Latvia to Albania have increased at an annualized rate of 23.4%, from $960k in 2018 to $2.75M in 2023.

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

Albania-Latvia Trade: In 2023, Albania exported $3.57M to Latvia. The main products that Albania exported to Latvia were Citrus ($922k), Cabbages ($455k), and Perfume Plants ($436k). Over the past 5 years the exports of Albania to Latvia have increased at an annualized rate of 56.3%,  from $383k in 2018 to $3.57M in 2023.

In 2017, Albania exported services to Latvia worth $2.82M, with Other business services ($1.92M), Transportation ($339k), and Travel ($339k) being the largest in terms of value.

Comparison In 2023,  Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).