Latvia / Slovenia

Latvia-Slovenia Trade: In 2023, Latvia exported $31.3M to Slovenia. The main products that Latvia exported to Slovenia were Glass Fibers ($2.3M), Plywood ($2.06M), and Ferroalloys ($1.95M). Over the past 5 years the exports of Latvia to Slovenia have increased at an annualized rate of 9%, from $20.3M in 2018 to $31.3M in 2023.

In 2020, Latvia exported services to Slovenia worth $37.7M, with Communications services ($27.4M), Other business services ($6.85M), and Transportation ($2.28M) being the largest in terms of value.

Slovenia-Latvia Trade: In 2023, Slovenia exported $105M to Latvia. The main products that Slovenia exported to Latvia were Packaged Medicaments ($55.6M), Vaccines, blood, antisera, toxins and cultures ($8.45M), and Tractors ($6.94M). Over the past 5 years the exports of Slovenia to Latvia have increased at an annualized rate of 20.5%,  from $41.3M in 2018 to $105M in 2023.

In 2020, Slovenia exported services to Latvia worth $14.2M, with Other business services ($11.2M), Transportation ($1.03M), and Travel ($800k) 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, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).