Latvia / Israel

Latvia-Israel Trade: In 2022, Latvia exported $89.6M to Israel. The main products that Latvia exported to Israel were Wheat ($24.1M), Sawn Wood ($13.6M), and Special purpose motor vehicles ($6.01M). Over the past 5 years the exports of Latvia to Israel have increased at an annualized rate of 13.3%, from $48M in 2017 to $89.6M in 2022.

In 2009, Latvia exported services to Israel worth $10.2M, with Travel ($4.08M), Services not allocated ($4.08M), and Transportation ($2.04M) being the largest in terms of value.

Israel-Latvia Trade: In 2022, Israel exported $23.3M to Latvia. The main products that Israel exported to Latvia were Explosive Ammunition ($1.54M), X-Ray Equipment ($1.45M), and Mirrors and Lenses ($1.29M). Over the past 5 years the exports of Israel to Latvia have decreased at an annualized rate of 1.56%,  from $25.2M in 2017 to $23.3M in 2022.

In 2012, Israel exported services to Latvia worth $0, with 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).