Latvia / Bosnia and Herzegovina

Latvia-Bosnia and Herzegovina Trade: In 2023, Latvia exported $13.4M to Bosnia and Herzegovina. The main products that Latvia exported to Bosnia and Herzegovina were Refined Petroleum ($4.36M), Cranes ($2.98M), and Glass Fibers ($1.06M). Over the past 5 years the exports of Latvia to Bosnia and Herzegovina have increased at an annualized rate of 27.5%, from $3.98M in 2018 to $13.4M in 2023.

In 2023, Latvia did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Latvia Trade: In 2023, Bosnia and Herzegovina exported $1.69M to Latvia. The main products that Bosnia and Herzegovina exported to Latvia were Prefabricated Buildings ($597k), Central Heating Boilers ($341k), and Packaged Medicaments ($140k). Over the past 5 years the exports of Bosnia and Herzegovina to Latvia have decreased at an annualized rate of 7.14%,  from $2.45M in 2018 to $1.69M in 2023.

In 2019, Bosnia and Herzegovina exported services to Latvia worth $1.01M, with Travel ($896k) and Transportation ($112k) 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, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).