Poland (POL) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Poland-Latvia Trade: In 2023, Poland exported $2.45B to Latvia. The main products that Poland exported to Latvia were Motor vehicles; parts and accessories (8701 to 8705) ($72M), Video Displays ($67.8M), and Cars ($62.2M). Over the past 5 years the exports of Poland to Latvia have increased at an annualized rate of 9.63%, from $1.55B in 2018 to $2.45B in 2023.

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) being the largest in terms of value.

Latvia-Poland Trade: In 2023, Latvia exported $700M to Poland. The main products that Latvia exported to Poland were Broadcasting Equipment ($55.4M), Petroleum Gas ($41M), and Plywood ($25.6M). Over the past 5 years the exports of Latvia to Poland have increased at an annualized rate of 0.98%, from $667M in 2018 to $700M in 2023.

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

Comparison In 2023, Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B). 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, Poland exported $2.45B to Latvia. The main products exported from Poland to Latvia were Motor vehicles; parts and accessories (8701 to 8705) ($72M), Video Displays ($67.8M), and Cars ($62.2M). During the last 5 years the exports of Poland to Latvia have increased at an annualized rate of 9.63%, from $1.55B in 2018 to $2.45B in 2023.

In 2018, Latvia exported $700M to Poland. The main products exported from Latvia to Poland were Broadcasting Equipment ($55.4M), Petroleum Gas ($41M), and Plywood ($25.6M). During the last 5 years the exports of Latvia to Poland have increased at an annualized rate of 0.98%, from $667M in 2023 to $700M in 2018.

Exports from Poland () to Latvia () (2023)

Exports from Latvia () to Poland () (2023)

Latest Data

Trade between Poland () and Latvia ()

Poland Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Poland
Top DestinationGermany$84B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Poland than Latvia included Germany ($84B), Czechia ($19.3B), and France ($19.1B).

In 2023, countries that imported more from Latvia than Poland included Lesotho ($2.56M), Palau ($232k), and Falkland Islands ($171k).

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

Comparative Advantage Poland - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Poland had a large net trade with Latvia in the exports of Machines ($453M), Foodstuffs ($271M), and Chemical Products ($268M).

During 2018, Latvia had a large net trade with Poland in the exports of Machines ($136M), Animal Products ($88.1M), and Metals ($81.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Poland Latvia+$10.3MRefined Petroleum

Top Product Potential Latvia Poland+$17.6MTelephones

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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Bilateral Service Trade

Lva Year

Pol Year

In 2020, Poland exported services to Latvia worth $156M, with Travel ($46.3M), Other business services ($36.8M), and Transportation ($30.6M) being the largest in terms of value.

In 2020, Latvia exported services to Poland worth $95.9M, with Other business services ($66.2M), Transportation ($16M), and Computer and information services ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Poland () to Latvia () (2023)

Exports from Latvia () to Poland () (2023)

Latest Data

Trade between Poland () and Latvia ()

Poland Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Poland - Latvia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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