Pakistan (PAK) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Pakistan-Latvia Trade: In 2023, Pakistan exported $8.96M to Latvia. The main products that Pakistan exported to Latvia were House Linens ($2.97M), Confectionery Sugar ($1.07M), and Rice ($666k). Over the past 5 years the exports of Pakistan to Latvia have increased at an annualized rate of 0.46%, from $8.76M in 2018 to $8.96M in 2023.

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

Latvia-Pakistan Trade: In 2023, Latvia exported $19.2M to Pakistan. The main products that Latvia exported to Pakistan were Scrap Iron ($9.36M), Iron Railway Products ($1.87M), and Synthetic Rubber ($1.85M). Over the past 5 years the exports of Latvia to Pakistan have decreased at an annualized rate of 1.05%, from $21.3M in 2018 to $19.2M in 2023.

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

Comparison In 2023, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). 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, Pakistan exported $8.96M to Latvia. The main products exported from Pakistan to Latvia were House Linens ($2.97M), Confectionery Sugar ($1.07M), and Rice ($666k). During the last 5 years the exports of Pakistan to Latvia have increased at an annualized rate of 0.46%, from $8.76M in 2018 to $8.96M in 2023.

In 2018, Latvia exported $19.2M to Pakistan. The main products exported from Latvia to Pakistan were Scrap Iron ($9.36M), Iron Railway Products ($1.87M), and Synthetic Rubber ($1.85M). During the last 5 years the exports of Latvia to Pakistan have decreased at an annualized rate of 1.05%, from $21.3M in 2023 to $19.2M in 2018.

Exports from Pakistan () to Latvia () (2023)

Exports from Latvia () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and Latvia ()

Pakistan Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$5.18B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Pakistan than Latvia included United States ($5.18B), United Arab Emirates ($3.7B), and China ($3.4B).

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

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

Comparative Advantage Pakistan - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Pakistan had a large net trade with Latvia in the exports of Textiles ($5.94M), Foodstuffs ($1.11M), and Vegetable Products ($861k).

During 2018, Latvia had a large net trade with Pakistan in the exports of Metals ($11.2M), Plastics and Rubbers ($1.91M), and Wood Products ($1.81M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Pakistan Latvia+$1.97MHouse Linens

Top Product Potential Latvia Pakistan+$2.65MSawn Wood

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 Pakistan and Latvia. This means that a dot/product with the flag of Pakistan indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over Pakistan.

About

Historical Data

Bilateral Trade by Products

Exports from Pakistan () to Latvia () (2023)

Exports from Latvia () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and Latvia ()

Pakistan Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Pakistan - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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