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2023
Flag → Flag
Exports $144kRnk 166 / 198
2023
Flag → Flag
Top Product $62.4kBroadcasting Equipment
2023
Flag → Flag
Exports $3.55kRnk 63 / 88
2023
Flag → Flag
Top Product $2.49kComputers
2023
Flag  
GDP$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC $22,503CURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP PC GROWTH55.4%CURRENT US$
Rnk 37 / 195

About

Latvia-Gibraltar Trade: In 2023, Latvia exported $144k to Gibraltar. The main products that Latvia exported to Gibraltar were Broadcasting Equipment ($62.4k), Video Recording Equipment ($20.3k), and Microphones and Headphones ($12.6k). Over the past 5 years the exports of Latvia to Gibraltar have decreased at an annualized rate of 0.91%, from $150k in 2018 to $144k in 2023.

In 2023, Latvia did not export any services to Gibraltar.

Gibraltar-Latvia Trade: In 2023, Gibraltar exported $3.55k to Latvia. The main products that Gibraltar exported to Latvia were Computers ($2.49k), Broadcasting Equipment ($655), and Air Pumps ($296). Over the past 5 years the exports of Gibraltar to Latvia have decreased at an annualized rate of 19.9%,  from $10.7k in 2018 to $3.55k in 2023.

In 2023, Gibraltar did not export any services to Latvia.

Comparison In 2023,  Latvia ranked 80 in total exports ($19.9B). That same year, Gibraltar ranked 177 in total exports ($296M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Latvia exported $144k to Gibraltar. The main products exported from Latvia to Gibraltar were Broadcasting Equipment ($62.4k), Video Recording Equipment ($20.3k), and Microphones and Headphones ($12.6k). During the last 5 years the exports of Latvia to Gibraltar have decreased at an annualized rate of 0.91%, from $150k in 2018 to $144k in 2023.

In 2018, Gibraltar exported $3.55k to Latvia. The main products exported from Gibraltar to Latvia were Computers ($2.49k), Broadcasting Equipment ($655), and Air Pumps ($296). During the last 5 years the exports of Gibraltar to Latvia have decreased at an annualized rate of 19.9%, from $10.7k in 2023 to $3.55k in 2018.

Exports from Latvia (Flag) to Gibraltar (Flag) (2023)

Exports from Gibraltar (Flag) to Latvia (Flag) (2023)

Latest Data

Trade between Latvia (Flag) and Gibraltar (Flag)

Latvia Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$3.77B
Gibraltar
Top DestinationNetherlands$113M

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 2023, countries that imported more from Latvia than Gibraltar included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

In 2023, countries that imported more from Gibraltar than Latvia included Central African Republic ($37.1k).

Difference in imports from Gibraltar (Flag) and Latvia (Flag) (2023)

Comparative Advantage Latvia - Gibraltar

Flow
Scale

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

During 2023, Latvia had a large net trade with Gibraltar in the exports of Machines ($99.1k), Foodstuffs ($15.9k), and Instruments ($11.2k).

During 2018, Gibraltar had a large net trade with Latvia in the exports of Machines ($3.44k) and Paper Goods ($112).

Economic Complexity

Competitive Landscape

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.

Product Space of Latvia (Flag) and Gibraltar (Flag) (2023)

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