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Pricing

2022
Flag → Flag
Exports $43.8kRnk 173 / 194
2022
Flag → Flag
Top Product $27.2kSmall Iron Containers
2022
Flag → Flag
Exports $2.75kRnk 117 / 144
2022
Flag → Flag
Top Product $1.32kKnit Women's Coats
2022
Flag  
GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
 GDP$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
Flag
GDP GROWTH5.12%CURRENT US$
Rnk 155 / 186
2022
Flag
GDP PC $21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC$41,993CURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP PC GROWTH-6.48%CURRENT US$
Rnk 157 / 186

About

Latvia-Andorra Trade: In 2022, Latvia exported $43.8k to Andorra. The main products that Latvia exported to Andorra were Small Iron Containers ($27.2k), Computers ($2.78k), and Nitrogen Heterocyclic Compounds ($2.74k). Over the past 5 years the exports of Latvia to Andorra have decreased at an annualized rate of 29.8%, from $257k in 2017 to $43.8k in 2022.

In 2022, Latvia did not export any services to Andorra.

Andorra-Latvia Trade: In 2022, Andorra exported $2.75k to Latvia. The main products that Andorra exported to Latvia were Knit Women's Coats ($1.32k), Non-Knit Women's Suits ($465), and Other Edible Preparations ($398). Over the past 5 years the exports of Andorra to Latvia have increased at an annualized rate of 19.4%,  from $1.13k in 2017 to $2.75k in 2022.

In 2022, Andorra did not export any services to Latvia.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B). That same year, Andorra ranked 174 in total exports ($407M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $43.8k to Andorra. The main products exported from Latvia to Andorra were Small Iron Containers ($27.2k), Computers ($2.78k), and Nitrogen Heterocyclic Compounds ($2.74k). During the last 5 years the exports of Latvia to Andorra have decreased at an annualized rate of 29.8%, from $257k in 2017 to $43.8k in 2022.

In 2017, Andorra exported $2.75k to Latvia. The main products exported from Andorra to Latvia were Knit Women's Coats ($1.32k), Non-Knit Women's Suits ($465), and Other Edible Preparations ($398). During the last 5 years the exports of Andorra to Latvia have increased at an annualized rate of 19.4%, from $1.13k in 2022 to $2.75k in 2017.

Exports from Latvia (Flag) to Andorra (Flag) (2022)

Exports from Andorra (Flag) to Latvia (Flag) (2022)

Latest Data

Trade between Latvia (Flag) and Andorra (Flag)

Latvia Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$4.09B
Andorra
Top DestinationSpain$297M

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

In 2022, countries that imported more from Latvia than Andorra included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2022, countries that imported more from Andorra than Latvia included El Salvador ($3.4M), Malawi ($88.4k), and North Korea ($637).

Difference in imports from Andorra (Flag) and Latvia (Flag) (2022)

Comparative Advantage Latvia - Andorra

Flow
Scale

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

During 2022, Latvia had a large net trade with Andorra in the exports of Metals ($29.5k), Machines ($4.73k), and Miscellaneous ($4.38k).

During 2017, Andorra had a large net trade with Latvia in the exports of Textiles ($2.06k), Foodstuffs ($398), and Footwear and Headwear ($224).

Economic Complexity

Competitive Landscape

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

Product Space of Latvia (Flag) and Andorra (Flag) (2022)

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