Moldova (MDA) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Moldova-Latvia Trade: In 2022, Moldova exported $10.8M to Latvia. The main products that Moldova exported to Latvia were Insulated Wire ($2.91M), Grapes ($1.2M), and Wine ($1.13M). Over the past 5 years the exports of Moldova to Latvia have increased at an annualized rate of 5.53%, from $8.27M in 2017 to $10.8M in 2022.

In 2022, Moldova did not export any services to Latvia.

Latvia-Moldova Trade: In 2022, Latvia exported $29.7M to Moldova. The main products that Latvia exported to Moldova were Packaged Medicaments ($6.83M), Processed Fish ($4.45M), and Cheese ($1.94M). Over the past 5 years the exports of Latvia to Moldova have increased at an annualized rate of 10.2%, from $18.3M in 2017 to $29.7M in 2022.

In 2022, Latvia did not export any services to Moldova.

Comparison In 2022, Moldova ranked 65 in the Economic Complexity Index (ECI 0.0038), and 124 in total exports ($4.94B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Moldova exported $10.8M to Latvia. The main products exported from Moldova to Latvia were Insulated Wire ($2.91M), Grapes ($1.2M), and Wine ($1.13M). During the last 5 years the exports of Moldova to Latvia have increased at an annualized rate of 5.53%, from $8.27M in 2017 to $10.8M in 2022.

In 2017, Latvia exported $29.7M to Moldova. The main products exported from Latvia to Moldova were Packaged Medicaments ($6.83M), Processed Fish ($4.45M), and Cheese ($1.94M). During the last 5 years the exports of Latvia to Moldova have increased at an annualized rate of 10.2%, from $18.3M in 2022 to $29.7M in 2017.

Exports from Moldova () to Latvia () (2022)

Exports from Latvia () to Moldova () (2022)

Latest Data

Trade between Moldova () and Latvia ()

Moldova Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Moldova
Top DestinationRomania$1.35B

Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Moldova than Latvia included Romania ($1.35B), Ukraine ($729M), and Bulgaria ($150M).

In 2022, countries that imported more from Latvia than Moldova included Lithuania ($4.09B), Estonia ($2.26B), and Sweden ($1.19B).

Difference in imports from Latvia () and Moldova () (2022)

Comparative Advantage Moldova - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Moldova had a large net trade with Latvia in the exports of Machines ($3.37M), Foodstuffs ($2.59M), and Vegetable Products ($1.91M).

During 2017, Latvia had a large net trade with Moldova in the exports of Chemical Products ($8.57M), Foodstuffs ($6.08M), and Machines ($5.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Moldova Latvia+$791kInsulated Wire

Top Product Potential Latvia Moldova+$457kTelephones

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Moldova () to Latvia () (2022)

Exports from Latvia () to Moldova () (2022)

Latest Data

Trade between Moldova () and Latvia ()

Moldova Exports

Latvia Exports

Market Competitiveness

Difference in imports from Latvia () and Moldova () (2022)

Comparative Advantage Moldova - Latvia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Moldova () and Latvia () (2022)

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