Uzbekistan (UZB) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Uzbekistan-Latvia Trade: In 2023, Uzbekistan exported $88.8M to Latvia. The main products that Uzbekistan exported to Latvia were Ethylene Polymers ($33.5M), Mixed Mineral or Chemical Fertilizers ($10.9M), and Coated Flat-Rolled Iron ($8.44M). Over the past 5 years the exports of Uzbekistan to Latvia have increased at an annualized rate of 20.6%, from $34.8M in 2018 to $88.8M in 2023.

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

Latvia-Uzbekistan Trade: In 2023, Latvia exported $260M to Uzbekistan. The main products that Latvia exported to Uzbekistan were Rubber Tires ($68M), Planes, Helicopters, and/or Spacecraft ($48.5M), and Packaged Medicaments ($36.6M). Over the past 5 years the exports of Latvia to Uzbekistan have decreased at an annualized rate of 6.52%, from $364M in 2018 to $260M in 2023.

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

Comparison In 2023, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). 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, Uzbekistan exported $88.8M to Latvia. The main products exported from Uzbekistan to Latvia were Ethylene Polymers ($33.5M), Mixed Mineral or Chemical Fertilizers ($10.9M), and Coated Flat-Rolled Iron ($8.44M). During the last 5 years the exports of Uzbekistan to Latvia have increased at an annualized rate of 20.6%, from $34.8M in 2018 to $88.8M in 2023.

In 2018, Latvia exported $260M to Uzbekistan. The main products exported from Latvia to Uzbekistan were Rubber Tires ($68M), Planes, Helicopters, and/or Spacecraft ($48.5M), and Packaged Medicaments ($36.6M). During the last 5 years the exports of Latvia to Uzbekistan have decreased at an annualized rate of 6.52%, from $364M in 2023 to $260M in 2018.

Exports from Uzbekistan () to Latvia () (2023)

Exports from Latvia () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Latvia ()

Uzbekistan Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Uzbekistan than Latvia included Switzerland ($8.18B), Russia ($3.02B), and United Kingdom ($2.65B).

In 2023, countries that imported more from Latvia than Uzbekistan included Lithuania ($3.77B), Estonia ($1.26B), and Sweden ($1.06B).

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

Comparative Advantage Uzbekistan - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uzbekistan had a large net trade with Latvia in the exports of Plastics and Rubbers ($33.6M), Chemical Products ($23.6M), and Metals ($13.9M).

During 2018, Latvia had a large net trade with Uzbekistan in the exports of Plastics and Rubbers ($79M), Transportation ($57M), and Chemical Products ($44.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Latvia+$800kNitrogenous Fertilizers

Top Product Potential Latvia Uzbekistan+$1.67MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Latvia () (2023)

Exports from Latvia () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Latvia ()

Uzbekistan Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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