Finland / Latvia

Finland-Latvia Trade: In 2022, Finland exported $903M to Latvia. The main products that Finland exported to Latvia were Refined Petroleum ($206M), Cars ($53.4M), and Sawn Wood ($38.6M). Over the past 5 years the exports of Finland to Latvia have increased at an annualized rate of 6.76%, from $651M in 2017 to $903M in 2022.

In 2020, Finland exported services to Latvia worth $124M, with Computer and information services ($45.7M), Other business services ($34.3M), and Transportation ($17.1M) being the largest in terms of value.

Latvia-Finland Trade: In 2022, Latvia exported $1.06B to Finland. The main products that Latvia exported to Finland were Petroleum Gas ($571M), Rough Wood ($59.1M), and Fuel Wood ($36.8M). Over the past 5 years the exports of Latvia to Finland have increased at an annualized rate of 32.4%,  from $261M in 2017 to $1.06B in 2022.

In 2020, Latvia exported services to Finland worth $119M, with Other business services ($37.7M), Travel ($25.1M), and Transportation ($24M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41),  and 46 in total exports ($89.9B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.