2022
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GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
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GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
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 GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
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GDP PC 
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186
2022
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GDP PC
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
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GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Latvia-Czechia In 2022, Latvia exported $202M to Czechia. The main products that Latvia exported to Czechia are Broadcasting Equipment ($21.6M), Packaged Medicaments ($15M), and Eggs ($9.84M). During the last 27 years the exports of Latvia to Czechia have increased at an annualized rate of 12.4%, from $8.58M in 1995 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 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). During the last 27 years the exports of Czechia to Latvia have increased at an annualized rate of 11.3%, from $21.6M in 1995 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $202M to Czechia. The main products exported from Latvia to Czechia were Broadcasting Equipment ($21.6M), Packaged Medicaments ($15M), and Eggs ($9.84M). During the last 27 years the exports of Latvia to Czechia have increased at an annualized rate of 12.4%, from $8.58M in 1995 to $202M in 2022.

In 2022, Czechia exported $385M to Latvia. The main products exported from Czechia to Latvia were Locomotive Parts ($22.2M), Broadcasting Equipment ($19M), and Office Machine Parts ($14.6M). During the last 27 years the exports of Czechia to Latvia have increased at an annualized rate of 11.3%, from $21.6M in 1995 to $385M in 2022.

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

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

Latest Data

Trade between Latvia (Flag) and Czechia (Flag)

Latvia Exports

Czechia Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$4.09B
Czechia
Top Destination
Germany$75.3B

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

In 2021, countries that imported more from Latvia than Czechia were Lithuania ($4.09B), Estonia ($2.26B), and Nigeria ($512M).

In 2021, countries that imported more from Czechia than Latvia were Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Latvia - Czechia

Flow
Scale

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

During 2022, Latvia had a large net trade with Czechia in the exports of Machines ($41.4M), Chemical Products ($34.6M), and Animal Products ($15.7M).

During 2022, Czechia had a large net trade with Latvia in the exports of Machines ($150M), Transportation ($39.2M), and Chemical Products ($36.1M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Latvia (Flag) to Czechia (Flag) (2020)

Services Exports from Czechia (Flag) to Latvia (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Latvia has comparative advantage over Czechia. Similarly, the more yellow a dot/product is, the more Czechia has comparative advantage over Latvia.

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

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