Latvia (LVA) and Jordan (JOR) Trade | The Observatory of Economic Complexity

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Latvia-Jordan Trade: In 2022, Latvia exported $4.45M to Jordan. The main products that Latvia exported to Jordan were Peat ($1.53M), Packaged Medicaments ($990k), and Hard Liquor ($370k). Over the past 5 years the exports of Latvia to Jordan have decreased at an annualized rate of 2.62%, from $5.09M in 2017 to $4.45M in 2022.

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

Jordan-Latvia Trade: In 2022, Jordan exported $436k to Latvia. The main products that Jordan exported to Latvia were Ethylene Polymers ($404k), Medical Instruments ($11.3k), and Other Plastic Products ($9.21k). Over the past 5 years the exports of Jordan to Latvia have increased at an annualized rate of 40.7%, from $28.4k in 2017 to $436k in 2022.

In 2022, Jordan 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, Jordan ranked 63 in the Economic Complexity Index (ECI 0.049), and 85 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $4.45M to Jordan. The main products exported from Latvia to Jordan were Peat ($1.53M), Packaged Medicaments ($990k), and Hard Liquor ($370k). During the last 5 years the exports of Latvia to Jordan have decreased at an annualized rate of 2.62%, from $5.09M in 2017 to $4.45M in 2022.

In 2017, Jordan exported $436k to Latvia. The main products exported from Jordan to Latvia were Ethylene Polymers ($404k), Medical Instruments ($11.3k), and Other Plastic Products ($9.21k). During the last 5 years the exports of Jordan to Latvia have increased at an annualized rate of 40.7%, from $28.4k in 2022 to $436k in 2017.

Exports from Latvia () to Jordan () (2022)

Exports from Jordan () to Latvia () (2022)

Latest Data

Trade between Latvia () and Jordan ()

Latvia Exports

Date

Jordan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Jordan
Top DestinationUnited States$3.28B

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

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

In 2022, countries that imported more from Jordan than Latvia included United States ($3.28B), India ($2.31B), and Saudi Arabia ($1.22B).

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

Comparative Advantage Latvia - Jordan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Jordan in the exports of Mineral Products ($1.68M), Chemical Products ($1.23M), and Foodstuffs ($550k).

During 2017, Jordan had a large net trade with Latvia in the exports of Plastics and Rubbers ($413k), Instruments ($11.4k), and Foodstuffs ($9.15k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Jordan+$1.08MPackaged Medicaments

Top Product Potential Jordan Latvia+$215kEthylene Polymers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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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 Jordan. This means that a dot/product with the flag of Latvia indicates it has a comparative advantage over Jordan. Similarly, a dot/product with the flag of Jordan indicates it has a comparative advantage over Latvia.

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Jordan () (2022)

Exports from Jordan () to Latvia () (2022)

Latest Data

Trade between Latvia () and Jordan ()

Latvia Exports

Jordan Exports

Market Competitiveness

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

Comparative Advantage Latvia - Jordan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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