Latvia / Norway

Latvia-Norway Trade: In 2022, Latvia exported $450M to Norway. The main products that Latvia exported to Norway were Iron Structures ($41.2M), Prefabricated Buildings ($36.1M), and Brochures ($24.9M). Over the past 5 years the exports of Latvia to Norway have increased at an annualized rate of 5.54%, from $344M in 2017 to $450M in 2022.

In 2020, Latvia exported services to Norway worth $172M, with Transportation ($60.5M), Computer and information services ($32M), and Other business services ($29.7M) being the largest in terms of value.

Norway-Latvia Trade: In 2022, Norway exported $158M to Latvia. The main products that Norway exported to Latvia were Rough Wood ($54.8M), Non-fillet Fresh Fish ($18.6M), and Non-fillet Frozen Fish ($15.9M). Over the past 5 years the exports of Norway to Latvia have increased at an annualized rate of 7.86%,  from $108M in 2017 to $158M in 2022.

In 2009, Norway exported services to Latvia worth $15.5M, with Travel ($8.15M), Other business services ($4M), and Communications services ($3.36M) 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).