Latvia / Czechia

Latvia-Czechia Trade: In 2022, Latvia exported $202M to Czechia. The main products that Latvia exported to Czechia were Broadcasting Equipment ($21.6M), Packaged Medicaments ($15M), and Eggs ($9.84M). Over the past 5 years the exports of Latvia to Czechia have decreased at an annualized rate of 2.92%, from $234M in 2017 to $202M in 2022.

In 2020, Latvia exported services to Czechia worth $20.6M, with Other business services ($8M), Computer and information services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Czechia-Latvia Trade: In 2022, Czechia exported $385M to Latvia. The main products that Czechia exported to Latvia were Locomotive Parts ($22.2M), Broadcasting Equipment ($19M), and Office Machine Parts ($14.6M). Over the past 5 years the exports of Czechia to Latvia have increased at an annualized rate of 6.81%,  from $277M in 2017 to $385M in 2022.

In 2019, Czechia exported services to Latvia worth $28.4M, with Transportation ($12M), Travel ($12M), and Other business services ($2.35M) being the largest in terms of value.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).