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2022
Flag → Flag
Exports $515MRnk 71 / 219
2022
Flag → Flag
Top Product $54.5MWine
2022
Flag → Flag
Exports $467MRnk 13 / 194
2022
Flag → Flag
Top Product $39.3MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
2022
Flag  
GDP$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP GROWTH3.7%CURRENT US$
Rnk 157 / 186
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC $40,964CURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

France-Latvia Trade: In 2022, France exported $515M to Latvia. The main products that France exported to Latvia were Wine ($54.5M), Hard Liquor ($50.7M), and Planes, Helicopters, and/or Spacecraft ($43.5M). Over the past 5 years the exports of France to Latvia have increased at an annualized rate of 8.59%, from $341M in 2017 to $515M in 2022.

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) being the largest in terms of value.

Latvia-France Trade: In 2022, Latvia exported $467M to France. The main products that Latvia exported to France were Sawn Wood ($39.3M), Other Plastic Products ($29.2M), and Plywood ($22.8M). Over the past 5 years the exports of Latvia to France have increased at an annualized rate of 14.9%,  from $233M in 2017 to $467M in 2022.

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

Comparison In 2022,  France ranked 16 in the Economic Complexity Index (ECI 1.3),  and 8 in total exports ($608B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, France exported $515M to Latvia. The main products exported from France to Latvia were Wine ($54.5M), Hard Liquor ($50.7M), and Planes, Helicopters, and/or Spacecraft ($43.5M). During the last 5 years the exports of France to Latvia have increased at an annualized rate of 8.59%, from $341M in 2017 to $515M in 2022.

In 2017, Latvia exported $467M to France. The main products exported from Latvia to France were Sawn Wood ($39.3M), Other Plastic Products ($29.2M), and Plywood ($22.8M). During the last 5 years the exports of Latvia to France have increased at an annualized rate of 14.9%, from $233M in 2022 to $467M in 2017.

Exports from France (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to France (Flag) (2022)

Latest Data

Trade between France (Flag) and Latvia (Flag)

France Exports

Latvia Exports

Market Competitiveness

Color
France
Top DestinationGermany$78.3B
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from France than Latvia included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

In 2022, countries that imported more from Latvia than France included Lithuania ($4.09B), Estonia ($2.26B), and Belarus ($194M).

Difference in imports from Latvia (Flag) and France (Flag) (2022)

Comparative Advantage France - Latvia

Flow
Scale

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

During 2022, France had a large net trade with Latvia in the exports of Foodstuffs ($126M), Machines ($115M), and Transportation ($84.8M).

During 2017, Latvia had a large net trade with France in the exports of Wood Products ($121M), Machines ($83.1M), and Transportation ($68.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential France Latvia+$16.8MPackaged Medicaments
Top Product Potential Latvia France+$16.7MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, France exported services to Latvia worth $52.5M, with Transportation ($34.3M), Travel ($6.85M), and Other business services ($6.85M) being the largest in terms of value.

In 2020, Latvia exported services to France worth $175M, with Transportation ($123M), Other business services ($30.8M), and Construction services ($10.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from France (Flag) to Latvia (Flag) (2020)

Services Exports from Latvia (Flag) to France (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of France (Flag) and Latvia (Flag) (2022)

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