Latvia-Russia Trade: In 2022, Latvia exported $1.26B to Russia. The main products that Latvia exported to Russia were Wine ($151M), Hard Liquor ($148M), and Packaged Medicaments ($112M). Over the past 5 years the exports of Latvia to Russia have increased at an annualized rate of 1.27%, from $1.18B in 2017 to $1.26B in 2022.
In 2020, Latvia exported services to Russia worth $267M, with Transportation ($144M), Travel ($38.8M), and Other business services ($30.8M) being the largest in terms of value.
Russia-Latvia Trade: In 2022, Russia exported $1.77B to Latvia. The main products that Russia exported to Latvia were Petroleum Gas ($562M), Electricity ($254M), and Refined Petroleum ($164M). Over the past 5 years the exports of Russia to Latvia have decreased at an annualized rate of 17.4%, from $4.61B in 2017 to $1.77B in 2022.
In 2020, Russia exported services to Latvia worth $311M, with Transportation ($167M), Computer and information services ($40.7M), and Other business services ($36.8M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).