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2022
Flag → Flag
Exports $805MRnk 10 / 194
2022
Flag → Flag
Top Product $39.4MBroadcasting Equipment
2022
Flag → Flag
Exports $2.48BRnk 24 / 216
2022
Flag → Flag
Top Product $65.4MVideo Displays
2022
Flag
Economic Complexity (ECI) ECI 0.99Rnk 28 / 133
2022
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GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
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 GDP$688BCURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP GROWTH39%CURRENT US$
Rnk 85 / 186
2022
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GDP PC $21,851CURRENT US$
Rnk 47 / 186
2012-2022
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GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186
2022
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GDP PC$18,321CURRENT US$
Rnk 57 / 186
2012-2022
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GDP PC GROWTH40.8%CURRENT US$
Rnk 47 / 186

About

Latvia-Poland Trade: In 2022, Latvia exported $805M to Poland. The main products that Latvia exported to Poland were Broadcasting Equipment ($39.4M), Rough Wood ($32.2M), and Plywood ($26M). Over the past 5 years the exports of Latvia to Poland have increased at an annualized rate of 5.77%, from $609M in 2017 to $805M in 2022.

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

Poland-Latvia Trade: In 2022, Poland exported $2.48B to Latvia. The main products that Poland exported to Latvia were Video Displays ($65.4M), Motor vehicles; parts and accessories (8701 to 8705) ($60.5M), and Pesticides ($56.6M). Over the past 5 years the exports of Poland to Latvia have increased at an annualized rate of 8.12%,  from $1.44B in 2017 to $2.48B in 2022.

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) 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, Poland ranked 28 in the Economic Complexity Index (ECI 0.99), and 24 in total exports ($346B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $805M to Poland. The main products exported from Latvia to Poland were Broadcasting Equipment ($39.4M), Rough Wood ($32.2M), and Plywood ($26M). During the last 5 years the exports of Latvia to Poland have increased at an annualized rate of 5.77%, from $609M in 2017 to $805M in 2022.

In 2017, Poland exported $2.48B to Latvia. The main products exported from Poland to Latvia were Video Displays ($65.4M), Motor vehicles; parts and accessories (8701 to 8705) ($60.5M), and Pesticides ($56.6M). During the last 5 years the exports of Poland to Latvia have increased at an annualized rate of 8.12%, from $1.44B in 2022 to $2.48B in 2017.

Exports from Latvia (Flag) to Poland (Flag) (2022)

Exports from Poland (Flag) to Latvia (Flag) (2022)

Latest Data

Trade between Latvia (Flag) and Poland (Flag)

Latvia Exports

Poland Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$4.09B
Poland
Top DestinationGermany$93.1B

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

In 2022, countries that imported more from Latvia than Poland included Estonia ($2.26B), Nigeria ($512M), and Mozambique ($37.6M).

In 2022, countries that imported more from Poland than Latvia included Germany ($93.1B), Czechia ($22.4B), and France ($19.8B).

Difference in imports from Poland (Flag) and Latvia (Flag) (2022)

Comparative Advantage Latvia - Poland

Flow
Scale

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

During 2022, Latvia had a large net trade with Poland in the exports of Machines ($142M), Metals ($129M), and Wood Products ($121M).

During 2017, Poland had a large net trade with Latvia in the exports of Machines ($448M), Metals ($279M), and Chemical Products ($256M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Latvia Poland+$17.6MTelephones
Top Product Potential Poland Latvia+$10.3MRefined 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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Bilateral Service Trade

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia (Flag) to Poland (Flag) (2020)

Services Exports from Poland (Flag) to Latvia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Latvia and Poland. This means that a dot/product with the flag of Latvia indicates it has a comparative advantage over Poland. Similarly, a dot/product with the flag of Poland indicates it has a comparative advantage over Latvia.

Product Space of Latvia (Flag) and Poland (Flag) (2022)

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