Morocco (MAR) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Morocco-Latvia Trade: In 2023, Morocco exported $30M to Latvia. The main products that Morocco exported to Latvia were Mixed Mineral or Chemical Fertilizers ($19.9M), Salt ($4.69M), and Cars ($2.33M). Over the past 5 years the exports of Morocco to Latvia have increased at an annualized rate of 43.9%, from $4.86M in 2018 to $30M in 2023.

In 2023, Morocco did not export any services to Latvia.

Latvia-Morocco Trade: In 2023, Latvia exported $49.3M to Morocco. The main products that Latvia exported to Morocco were Wheat ($27.8M), Sawn Wood ($6.43M), and Cheese ($3.97M). Over the past 5 years the exports of Latvia to Morocco have decreased at an annualized rate of 9.43%, from $80.9M in 2018 to $49.3M in 2023.

In 2012, Latvia exported services to Morocco worth $1.28M, with Travel ($1.28M) being the largest in terms of value.

Comparison In 2023, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Morocco exported $30M to Latvia. The main products exported from Morocco to Latvia were Mixed Mineral or Chemical Fertilizers ($19.9M), Salt ($4.69M), and Cars ($2.33M). During the last 5 years the exports of Morocco to Latvia have increased at an annualized rate of 43.9%, from $4.86M in 2018 to $30M in 2023.

In 2018, Latvia exported $49.3M to Morocco. The main products exported from Latvia to Morocco were Wheat ($27.8M), Sawn Wood ($6.43M), and Cheese ($3.97M). During the last 5 years the exports of Latvia to Morocco have decreased at an annualized rate of 9.43%, from $80.9M in 2023 to $49.3M in 2018.

Exports from Morocco () to Latvia () (2023)

Exports from Latvia () to Morocco () (2023)

Latest Data

Trade between Morocco () and Latvia ()

Morocco Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Morocco than Latvia included Spain ($9.8B), France ($8.23B), and Italy ($2.18B).

In 2023, countries that imported more from Latvia than Morocco included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

Difference in imports from Latvia () and Morocco () (2023)

Comparative Advantage Morocco - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with Latvia in the exports of Chemical Products ($20.1M), Mineral Products ($4.69M), and Transportation ($2.33M).

During 2018, Latvia had a large net trade with Morocco in the exports of Vegetable Products ($30.1M), Wood Products ($7.7M), and Animal Products ($4.83M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco Latvia+$3.86MMixed Mineral or Chemical Fertilizers

Top Product Potential Latvia Morocco+$6.35MWheat

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Morocco () to Latvia () (2023)

Exports from Latvia () to Morocco () (2023)

Latest Data

Trade between Morocco () and Latvia ()

Morocco Exports

Latvia Exports

Market Competitiveness

Difference in imports from Latvia () and Morocco () (2023)

Comparative Advantage Morocco - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Morocco () and Latvia () (2023)

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