2023
Flag  
GDP
$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH
44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
 GDP
$809BCURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 62 / 195
2023
Flag
GDP PC 
$22,503CURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP PC GROWTH
55.4%CURRENT US$
Rnk 37 / 195
2023
Flag
GDP PC
$22,057CURRENT US$
Rnk 59 / 196
2013-2023
Flag
GDP PC GROWTH
61.9%CURRENT US$
Rnk 28 / 195

About

Latvia-Poland Trade: In 2023, Latvia exported $700M to Poland. The main products that Latvia exported to Poland were Broadcasting Equipment ($55.4M), Petroleum Gas ($41M), and Plywood ($25.6M). Over the past 5 years the exports of Latvia to Poland have increased at an annualized rate of 0.98%, from $667M in 2018 to $700M in 2023.

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 2023, Poland exported $2.45B to Latvia. The main products that Poland exported to Latvia were Motor vehicles; parts and accessories (8701 to 8705) ($72M), Video Displays ($67.8M), and Cars ($62.2M). Over the past 5 years the exports of Poland to Latvia have increased at an annualized rate of 9.63%,  from $1.55B in 2018 to $2.45B in 2023.

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 2023,  Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index. That same year, Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Latvia exported $700M to Poland. The main products exported from Latvia to Poland were Broadcasting Equipment ($55.4M), Petroleum Gas ($41M), and Plywood ($25.6M). During the last 5 years the exports of Latvia to Poland have increased at an annualized rate of 0.98%, from $667M in 2018 to $700M in 2023.

In 2018, Poland exported $2.45B to Latvia. The main products exported from Poland to Latvia were Motor vehicles; parts and accessories (8701 to 8705) ($72M), Video Displays ($67.8M), and Cars ($62.2M). During the last 5 years the exports of Poland to Latvia have increased at an annualized rate of 9.63%, from $1.55B in 2023 to $2.45B in 2018.

Exports from Latvia (Flag) to Poland (Flag) (2023)

Exports from Poland (Flag) to Latvia (Flag) (2023)

Latest Data

Trade between Latvia (Flag) and Poland (Flag)

Latvia Exports

Poland Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$3.77B
Poland
Top Destination
Germany$84B

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 2023, countries that imported more from Latvia than Poland included Lesotho ($2.56M), Palau ($232k), and Falkland Islands ($171k).

In 2023, countries that imported more from Poland than Latvia included Germany ($84B), Czechia ($19.3B), and France ($19.1B).

Difference in imports from Poland (Flag) and Latvia (Flag) (2023)

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 2023, Latvia had a large net trade with Poland in the exports of Machines ($136M), Animal Products ($88.1M), and Metals ($81.4M).

During 2018, Poland had a large net trade with Latvia in the exports of Machines ($453M), Foodstuffs ($271M), and Chemical Products ($268M).

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) (2023)

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