Latvia / Spain

Latvia-Spain Trade: In 2023, Latvia exported $331M to Spain. The main products that Latvia exported to Spain were Wheat ($64.1M), Corn ($32.7M), and Dried Legumes ($19.8M). Over the past 5 years the exports of Latvia to Spain have increased at an annualized rate of 9.05%, from $215M in 2018 to $331M in 2023.

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 2023, Spain exported $306M to Latvia. The main products that Spain exported to Latvia were Wine ($16.9M), Hard Liquor ($13.9M), and Non-Knit Women's Suits ($11.4M). Over the past 5 years the exports of Spain to Latvia have increased at an annualized rate of 3.36%,  from $260M in 2018 to $306M in 2023.

In 2007, Spain exported services to Latvia worth $180M, with Services not allocated ($180M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).