Latvia (LVA) and Kazakhstan (KAZ) Trade | The Observatory of Economic Complexity

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Latvia-Kazakhstan Trade: In 2022, Latvia exported $121M to Kazakhstan. The main products that Latvia exported to Kazakhstan were Hard Liquor ($18.3M), Packaged Medicaments ($15.8M), and Broadcasting Equipment ($9.97M). Over the past 5 years the exports of Latvia to Kazakhstan have increased at an annualized rate of 24.2%, from $40.9M in 2017 to $121M in 2022.

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

Kazakhstan-Latvia Trade: In 2022, Kazakhstan exported $176M to Latvia. The main products that Kazakhstan exported to Latvia were Coal Briquettes ($32.6M), Raw Zinc ($30M), and Raw Cotton ($22.7M). Over the past 5 years the exports of Kazakhstan to Latvia have increased at an annualized rate of 18.3%, from $75.8M in 2017 to $176M in 2022.

In 2022, Kazakhstan 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, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $121M to Kazakhstan. The main products exported from Latvia to Kazakhstan were Hard Liquor ($18.3M), Packaged Medicaments ($15.8M), and Broadcasting Equipment ($9.97M). During the last 5 years the exports of Latvia to Kazakhstan have increased at an annualized rate of 24.2%, from $40.9M in 2017 to $121M in 2022.

In 2017, Kazakhstan exported $176M to Latvia. The main products exported from Kazakhstan to Latvia were Coal Briquettes ($32.6M), Raw Zinc ($30M), and Raw Cotton ($22.7M). During the last 5 years the exports of Kazakhstan to Latvia have increased at an annualized rate of 18.3%, from $75.8M in 2022 to $176M in 2017.

Exports from Latvia () to Kazakhstan () (2022)

Exports from Kazakhstan () to Latvia () (2022)

Latest Data

Trade between Latvia () and Kazakhstan ()

Latvia Exports

Date

Kazakhstan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Kazakhstan
Top DestinationChina$13.4B

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

In 2022, countries that imported more from Latvia than Kazakhstan included Lithuania ($4.09B), Estonia ($2.26B), and Sweden ($1.19B).

In 2022, countries that imported more from Kazakhstan than Latvia included China ($13.4B), Italy ($12.4B), and Russia ($8.78B).

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

Comparative Advantage Latvia - Kazakhstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Kazakhstan in the exports of Machines ($32.8M), Foodstuffs ($25.2M), and Chemical Products ($23.3M).

During 2017, Kazakhstan had a large net trade with Latvia in the exports of Mineral Products ($56.2M), Metals ($33.9M), and Vegetable Products ($32.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Kazakhstan+$4.04MTelephones

Top Product Potential Kazakhstan Latvia+$6.17MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Latvia () to Kazakhstan () (2022)

Exports from Kazakhstan () to Latvia () (2022)

Latest Data

Trade between Latvia () and Kazakhstan ()

Latvia Exports

Kazakhstan Exports

Market Competitiveness

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

Comparative Advantage Latvia - Kazakhstan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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