Latvia (LVA) and Gibraltar (GIB) Trade | The Observatory of Economic Complexity

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Latvia-Gibraltar Trade: In 2022, Latvia exported $453k to Gibraltar. The main products that Latvia exported to Gibraltar were Broadcasting Equipment ($264k), Other Floating Structures ($52.1k), and Electrical Transformers ($44.8k). Over the past 5 years the exports of Latvia to Gibraltar have increased at an annualized rate of 85%, from $20.9k in 2017 to $453k in 2022.

In 2022, Latvia did not export any services to Gibraltar.

Gibraltar-Latvia In N/A, Gibraltar did not export any products to Latvia.

In 2022, Gibraltar did not export any services to Latvia.

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B). That same year, Gibraltar ranked 173 in total exports ($411M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $453k to Gibraltar. The main products exported from Latvia to Gibraltar were Broadcasting Equipment ($264k), Other Floating Structures ($52.1k), and Electrical Transformers ($44.8k). During the last 5 years the exports of Latvia to Gibraltar have increased at an annualized rate of 85%, from $20.9k in 2017 to $453k in 2022.

Gibraltar does not register exports to Latvia. The main products exported from Gibraltar to Latvia were Medical Instruments ($610), Plastic Pipes ($435), and Video Recording Equipment ($144).

Exports from Latvia () to Gibraltar () (2022)

Exports from Gibraltar () to Latvia () (2022)

Latest Data

Trade between Latvia () and Gibraltar ()

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Gibraltar
Top DestinationIreland$81.4M

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

In 2022, countries that imported more from Latvia than Gibraltar included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2022, countries that imported more from Gibraltar than Latvia included Cape Verde ($12.5M) and Fiji ($45.4k).

Difference in imports from Gibraltar () and Latvia () (2022)

Comparative Advantage Latvia - Gibraltar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Gibraltar in the exports of Machines ($365k), Transportation ($52.1k), and Instruments ($18.3k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Latvia and Gibraltar. This means that a dot/product with the flag of Latvia indicates it has a comparative advantage over Gibraltar. Similarly, a dot/product with the flag of Gibraltar indicates it has a comparative advantage over Latvia.

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Historical Data

Bilateral Trade by Products

Exports from Latvia () to Gibraltar () (2022)

Exports from Gibraltar () to Latvia () (2022)

Latest Data

Trade between Latvia () and Gibraltar ()

Latvia Exports

Market Competitiveness

Difference in imports from Gibraltar () and Latvia () (2022)

Comparative Advantage Latvia - Gibraltar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Latvia () and Gibraltar () (2022)

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