Latvia / Netherlands

Latvia-Netherlands Trade: In 2022, Latvia exported $960M to Netherlands. The main products that Latvia exported to Netherlands were Industrial Fatty Acids, Oils and Alcohols ($87M), Sawn Wood ($79M), and Rapeseed ($70.9M). Over the past 5 years the exports of Latvia to Netherlands have increased at an annualized rate of 10.6%, from $580M in 2017 to $960M in 2022.

In 2020, Latvia exported services to Netherlands worth $132M, with Transportation ($64M), Other business services ($35.4M), and Personal, cultural, and recreational services ($14.8M) being the largest in terms of value.

Netherlands-Latvia Trade: In 2022, Netherlands exported $1.05B to Latvia. The main products that Netherlands exported to Latvia were Packaged Medicaments ($62.8M), Refined Petroleum ($37.4M), and Industrial Fatty Acids, Oils and Alcohols ($36.3M). Over the past 5 years the exports of Netherlands to Latvia have increased at an annualized rate of 7.57%,  from $632M in 2017 to $1.05B in 2022.

In 2020, Netherlands exported services to Latvia worth $160M, with Transportation ($65.8M), Travel ($39.5M), and Other business services ($24.2M) being the largest in terms of value.

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).