Malta (MLT) and Latvia (LVA) Trade | The Observatory of Economic Complexity

About

Malta-Latvia Trade: In 2023, Malta exported $3.97M to Latvia. The main products that Malta exported to Latvia were Centrifuges ($989k), Plastic Building Materials ($487k), and Base Metal Watches ($407k). Over the past 5 years the exports of Malta to Latvia have increased at an annualized rate of 17.8%, from $1.75M in 2018 to $3.97M in 2023.

In 2020, Malta exported services to Latvia worth $0, with being the largest in terms of value.

Latvia-Malta Trade: In 2023, Latvia exported $8.73M to Malta. The main products that Latvia exported to Malta were Wheat Flours ($2.74M), Refined Petroleum ($1.03M), and Packaged Medicaments ($934k). Over the past 5 years the exports of Latvia to Malta have decreased at an annualized rate of 5.63%, from $13.1M in 2018 to $8.73M in 2023.

In 2020, Latvia exported services to Malta worth $32M, with Computer and information services ($14.8M), Communications services ($9.14M), and Other business services ($5.71M) being the largest in terms of value.

Comparison In 2023, Malta ranked 112 in total exports ($8.21B). That same year, Latvia ranked 80 in total exports ($19.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Malta exported $3.97M to Latvia. The main products exported from Malta to Latvia were Centrifuges ($989k), Plastic Building Materials ($487k), and Base Metal Watches ($407k). During the last 5 years the exports of Malta to Latvia have increased at an annualized rate of 17.8%, from $1.75M in 2018 to $3.97M in 2023.

In 2018, Latvia exported $8.73M to Malta. The main products exported from Latvia to Malta were Wheat Flours ($2.74M), Refined Petroleum ($1.03M), and Packaged Medicaments ($934k). During the last 5 years the exports of Latvia to Malta have decreased at an annualized rate of 5.63%, from $13.1M in 2023 to $8.73M in 2018.

Exports from Malta () to Latvia () (2023)

Exports from Latvia () to Malta () (2023)

Latest Data

Trade between Malta () and Latvia ()

Malta Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Malta
Top DestinationNigeria$2.26B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Malta than Latvia included Nigeria ($2.26B), Singapore ($372M), and China ($494M).

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

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

Comparative Advantage Malta - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Malta had a large net trade with Latvia in the exports of Machines ($1.25M), Plastics and Rubbers ($1.19M), and Miscellaneous ($440k).

During 2018, Latvia had a large net trade with Malta in the exports of Vegetable Products ($2.83M), Machines ($1.75M), and Chemical Products ($1.15M).

Bilateral Service Trade

Lva Year

Mlt Year

In 2020, Malta exported services to Latvia worth $0, with being the largest in terms of value.

In 2020, Latvia exported services to Malta worth $32M, with Computer and information services ($14.8M), Communications services ($9.14M), and Other business services ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Malta () to Latvia () (2020)

Services Exports from Latvia () to Malta () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Malta () to Latvia () (2023)

Exports from Latvia () to Malta () (2023)

Latest Data

Trade between Malta () and Latvia ()

Malta Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Malta - Latvia

Bilateral Service Trade

Services Exports from Malta () to Latvia () (2020)

Services Exports from Latvia () to Malta () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring