Netherlands / Latvia

Netherlands-Latvia Trade: In 2023, Netherlands exported $1.04B to Latvia. The main products that Netherlands exported to Latvia were Hard Liquor ($72.3M), Packaged Medicaments ($64.7M), and Cut Flowers ($32.4M). Over the past 5 years the exports of Netherlands to Latvia have increased at an annualized rate of 10.7%, from $628M in 2018 to $1.04B in 2023.

In 2020, Netherlands exported services to Latvia worth $160M, with Transportation ($65.8M), Travel ($39.5M), and Other business services ($24.2M) being the largest in terms of value.

Latvia-Netherlands Trade: In 2023, Latvia exported $772M to Netherlands. The main products that Latvia exported to Netherlands were Sawn Wood ($49.1M), Bovine Meat ($39M), and Industrial Fatty Acids, Oils and Alcohols ($33.7M). Over the past 5 years the exports of Latvia to Netherlands have increased at an annualized rate of 3.63%,  from $646M in 2018 to $772M in 2023.

In 2020, Latvia exported services to Netherlands worth $132M, with Transportation ($64M), Other business services ($35.4M), and Personal, cultural, and recreational services ($14.8M) being the largest in terms of value.

Comparison In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08),  and 9 in total exports ($599B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.