Latvia / Spain

Latvia-Spain Trade: In 2022, Latvia exported $386M to Spain. The main products that Latvia exported to Spain were Wheat ($118M), Corn ($19.7M), and Dried Legumes ($16.9M). Over the past 5 years the exports of Latvia to Spain have increased at an annualized rate of 18%, from $169M in 2017 to $386M in 2022.

In 2020, Latvia exported services to Spain worth $56M, with Transportation ($44.5M), Computer and information services ($4.57M), and Other business services ($4.57M) being the largest in terms of value.

Spain-Latvia Trade: In 2022, Spain exported $329M to Latvia. The main products that Spain exported to Latvia were Hard Liquor ($20M), Wine ($19.1M), and Citrus ($10.4M). Over the past 5 years the exports of Spain to Latvia have increased at an annualized rate of 6.1%,  from $245M in 2017 to $329M in 2022.

In 2007, Spain exported services to Latvia worth $180M, with Services not allocated ($180M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).