Latvia (LVA) and Cambodia (KHM) Trade | The Observatory of Economic Complexity

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Latvia-Cambodia Trade: In 2022, Latvia exported $950k to Cambodia. The main products that Latvia exported to Cambodia were Broadcasting Equipment ($458k), Rough Wood ($230k), and Animal Meal and Pellets ($141k). Over the past 5 years the exports of Latvia to Cambodia have increased at an annualized rate of 24.6%, from $316k in 2017 to $950k in 2022.

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

Cambodia-Latvia Trade: In 2022, Cambodia exported $879k to Latvia. The main products that Cambodia exported to Latvia were Knit Men's Suits ($379k), Electrical Transformers ($263k), and Rubber Apparel ($53.2k). Over the past 5 years the exports of Cambodia to Latvia have decreased at an annualized rate of 14.7%, from $1.94M in 2017 to $879k in 2022.

In 2022, Cambodia 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, Cambodia ranked 92 in the Economic Complexity Index (ECI -0.6), and 69 in total exports ($35.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $950k to Cambodia. The main products exported from Latvia to Cambodia were Broadcasting Equipment ($458k), Rough Wood ($230k), and Animal Meal and Pellets ($141k). During the last 5 years the exports of Latvia to Cambodia have increased at an annualized rate of 24.6%, from $316k in 2017 to $950k in 2022.

In 2017, Cambodia exported $879k to Latvia. The main products exported from Cambodia to Latvia were Knit Men's Suits ($379k), Electrical Transformers ($263k), and Rubber Apparel ($53.2k). During the last 5 years the exports of Cambodia to Latvia have decreased at an annualized rate of 14.7%, from $1.94M in 2022 to $879k in 2017.

Exports from Latvia () to Cambodia () (2022)

Exports from Cambodia () to Latvia () (2022)

Latest Data

Trade between Latvia () and Cambodia ()

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Cambodia
Top DestinationUnited States$13B

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

In 2022, countries that imported more from Latvia than Cambodia included Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

In 2022, countries that imported more from Cambodia than Latvia included United States ($13B), Vietnam ($3.67B), and Japan ($1.92B).

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

Comparative Advantage Latvia - Cambodia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Cambodia in the exports of Machines ($463k), Wood Products ($230k), and Foodstuffs ($179k).

During 2017, Cambodia had a large net trade with Latvia in the exports of Textiles ($552k), Machines ($267k), and Plastics and Rubbers ($54.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Cambodia+$541kTelephones

Top Product Potential Cambodia Latvia+$599kKnit Sweaters

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

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Historical Data

Bilateral Trade by Products

Exports from Latvia () to Cambodia () (2022)

Exports from Cambodia () to Latvia () (2022)

Latest Data

Trade between Latvia () and Cambodia ()

Latvia Exports

Market Competitiveness

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

Comparative Advantage Latvia - Cambodia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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