Qatar (QAT) and Latvia (LVA) Trade | The Observatory of Economic Complexity

About

Qatar-Latvia Trade: In 2023, Qatar exported $20k to Latvia. The main products that Qatar exported to Latvia were Aircraft parts (gliders, balloons, and powered aircraft) ($12.8k), Medical Instruments ($5.08k), and Newsprint ($527). Over the past 5 years the exports of Qatar to Latvia have increased at an annualized rate of 115%, from $431 in 2018 to $20k in 2023.

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

Latvia-Qatar Trade: In 2023, Latvia exported $6.79M to Qatar. The main products that Latvia exported to Qatar were Densified Wood ($1.62M), Particle Board ($981k), and Integrated Circuits ($698k). Over the past 5 years the exports of Latvia to Qatar have increased at an annualized rate of 8.84%, from $4.45M in 2018 to $6.79M in 2023.

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

Comparison In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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, Qatar exported $20k to Latvia. The main products exported from Qatar to Latvia were Aircraft parts (gliders, balloons, and powered aircraft) ($12.8k), Medical Instruments ($5.08k), and Newsprint ($527). During the last 5 years the exports of Qatar to Latvia have increased at an annualized rate of 115%, from $431 in 2018 to $20k in 2023.

In 2018, Latvia exported $6.79M to Qatar. The main products exported from Latvia to Qatar were Densified Wood ($1.62M), Particle Board ($981k), and Integrated Circuits ($698k). During the last 5 years the exports of Latvia to Qatar have increased at an annualized rate of 8.84%, from $4.45M in 2023 to $6.79M in 2018.

Exports from Qatar () to Latvia () (2023)

Exports from Latvia () to Qatar () (2023)

Latest Data

Trade between Qatar () and Latvia ()

Qatar Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Qatar than Latvia included China ($20.9B), India ($12.9B), and South Korea ($12.1B).

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

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

Comparative Advantage Qatar - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Latvia in the exports of Transportation ($12.8k), Instruments ($5.27k), and Textiles ($988).

During 2018, Latvia had a large net trade with Qatar in the exports of Wood Products ($2.93M), Machines ($1.48M), and Foodstuffs ($948k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Latvia+$127kEthylene Polymers

Top Product Potential Latvia Qatar+$1.01MSawn 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Qatar () to Latvia () (2023)

Exports from Latvia () to Qatar () (2023)

Latest Data

Trade between Qatar () and Latvia ()

Qatar Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Qatar - Latvia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring