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2022
Flag → Flag
Exports $743Rnk 79 / 90
2022
Flag → Flag
Top Product $743Razor Blades
2022
Flag → Flag
Exports $263kRnk 149 / 194
2022
Flag → Flag
Top Product $79.4kKnit T-shirts
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

British Virgin Islands-Latvia Trade: In 2022, British Virgin Islands exported $743 to Latvia. The main products that British Virgin Islands exported to Latvia were Razor Blades ($743). Over the past 8 years the exports of British Virgin Islands to Latvia have decreased at an annualized rate of 51.5%, from $244k in 2014 to $743 in 2022.

In 2022, British Virgin Islands did not export any services to Latvia.

Latvia-British Virgin Islands Trade: In 2022, Latvia exported $263k to British Virgin Islands. The main products that Latvia exported to British Virgin Islands were Knit T-shirts ($79.4k), Iron Gas Containers ($77.1k), and Other Heating Machinery ($58k). Over the past 8 years the exports of Latvia to British Virgin Islands have decreased at an annualized rate of 4.95%,  from $339k in 2014 to $263k in 2022.

In 2022, Latvia did not export any services to British Virgin Islands.

Comparison In 2022,  British Virgin Islands ranked 185 in total exports ($206M). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, British Virgin Islands exported $743 to Latvia. The main products exported from British Virgin Islands to Latvia were Razor Blades ($743). During the last 8 years the exports of British Virgin Islands to Latvia have decreased at an annualized rate of 51.5%, from $244k in 2014 to $743 in 2022.

In 2017, Latvia exported $263k to British Virgin Islands. The main products exported from Latvia to British Virgin Islands were Knit T-shirts ($79.4k), Iron Gas Containers ($77.1k), and Other Heating Machinery ($58k). During the last 5 years the exports of Latvia to British Virgin Islands have decreased at an annualized rate of 4.95%, from $339k in 2022 to $263k in 2017.

Exports from British Virgin Islands (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to British Virgin Islands (Flag) (2022)

Latest Data

Trade between British Virgin Islands (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
British Virgin Islands
Top DestinationMalta$85.8M
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from British Virgin Islands than Latvia included Malta ($85.8M), Bahamas ($824k), and Jamaica ($512k).

In 2022, countries that imported more from Latvia than British Virgin Islands included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

Difference in imports from Latvia (Flag) and British Virgin Islands (Flag) (2022)

Comparative Advantage British Virgin Islands - Latvia

Flow
Scale

This chart compares trade between British Virgin Islands and Latvia by product, considering products traded by both, British Virgin Islands and Latvia.

During 2022, British Virgin Islands had a large net trade with Latvia in the exports of Metals ($743).

During 2017, Latvia had a large net trade with British Virgin Islands in the exports of Textiles ($102k), Metals ($77.1k), and Machines ($58k).

Economic Complexity

Competitive Landscape

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

Product Space of British Virgin Islands (Flag) and Latvia (Flag) (2022)

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