Portugal-Latvia Trade: In 2022, Portugal exported $68.9M to Latvia. The main products that Portugal exported to Latvia were Cars ($18.8M), Uncoated Paper ($7.35M), and Wine ($6.24M). Over the past 5 years the exports of Portugal to Latvia have increased at an annualized rate of 15.8%, from $33.1M in 2017 to $68.9M in 2022.
In 2020, Portugal exported services to Latvia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.
Latvia-Portugal Trade: In 2022, Latvia exported $46.2M to Portugal. The main products that Latvia exported to Portugal were Wheat ($6.23M), Corn ($5.74M), and Starch Residue ($4.67M). Over the past 5 years the exports of Latvia to Portugal have increased at an annualized rate of 12.5%, from $25.7M in 2017 to $46.2M in 2022.
In 2020, Latvia exported services to Portugal worth $2.28M, with Travel ($1.14M) and Computer and information services ($1.14M) being the largest in terms of value.
Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.