Latvia / India

Latvia-India Trade: In 2022, Latvia exported $302M to India. The main products that Latvia exported to India were Coal Briquettes ($82.1M), Nitrogenous Fertilizers ($80.1M), and Seed Oils ($41.9M). Over the past 5 years the exports of Latvia to India have increased at an annualized rate of 42%, from $52.4M in 2017 to $302M in 2022.

In 2020, Latvia exported services to India worth $24M, with Travel ($21.7M) and Computer and information services ($2.28M) being the largest in terms of value.

India-Latvia Trade: In 2022, India exported $158M to Latvia. The main products that India exported to Latvia were Rubber Tires ($48.9M), Packaged Medicaments ($16.8M), and Coated Flat-Rolled Iron ($10M). Over the past 5 years the exports of India to Latvia have increased at an annualized rate of 6.9%,  from $113M in 2017 to $158M in 2022.

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

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).