2022
Flag  
GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
 GDP
$949MCURRENT US$
Rnk 178 / 186
2012-2022
Flag
GDP GROWTH
29.9%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC 
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC
$9,125CURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP PC GROWTH
35.1%CURRENT US$
Rnk 57 / 186

About

Latvia-Saint Vincent and the Grenadines Trade: In 2022, Latvia exported $5.14k to Saint Vincent and the Grenadines. The main products that Latvia exported to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). Over the past 5 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%, from $9.61k in 2017 to $5.14k in 2022.

In 2022, Latvia did not export any services to Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines-Latvia In N/A, Saint Vincent and the Grenadines did not export any products to Latvia.

In 2022, Saint Vincent and the Grenadines did not export any services to Latvia.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B). That same year, Saint Vincent and the Grenadines ranked 197 in total exports ($82.5M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $5.14k to Saint Vincent and the Grenadines. The main products exported from Latvia to Saint Vincent and the Grenadines were Navigation Equipment ($2.04k), Refined Petroleum ($1.79k), and Book-binding Machines ($1.3k). During the last 5 years the exports of Latvia to Saint Vincent and the Grenadines have decreased at an annualized rate of 11.8%, from $9.61k in 2017 to $5.14k in 2022.

Saint Vincent and the Grenadines does not register exports to Latvia.

Exports from Latvia (Flag) to Saint Vincent and the Grenadines (Flag) (2022)

Exports from Saint Vincent and the Grenadines (Flag) to Latvia (Flag) (2022)

Latest Data

Trade between Latvia (Flag) and Saint Vincent and the Grenadines (Flag)

Latvia Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$4.09B

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

In 2022, countries that imported more from Latvia than Saint Vincent and the Grenadines included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2022, countries that imported more from Saint Vincent and the Grenadines than Latvia included Malaysia ($27.8M), Barbados ($6.84M), and Antigua and Barbuda ($3.5M).

Difference in imports from Saint Vincent and the Grenadines (Flag) and Latvia (Flag) (2022)

Comparative Advantage Latvia - Saint Vincent and the Grenadines

Flow
Scale

This chart compares trade between Latvia and Saint Vincent and the Grenadines by product, considering products traded by both, Latvia and Saint Vincent and the Grenadines.

During 2022, Latvia had a large net trade with Saint Vincent and the Grenadines in the exports of Machines ($3.35k) and Mineral Products ($1.79k).

Economic Complexity

Competitive Landscape

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

Product Space of Latvia (Flag) and Saint Vincent and the Grenadines (Flag) (2022)

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