Romania / Latvia

Romania-Latvia Trade: In 2022, Romania exported $73.3M to Latvia. The main products that Romania exported to Latvia were Packaged Medicaments ($17.9M), Rolled Tobacco ($4.94M), and Computers ($3.85M). Over the past 5 years the exports of Romania to Latvia have increased at an annualized rate of 21.2%, from $28.1M in 2017 to $73.3M in 2022.

In 2020, Romania exported services to Latvia worth $7.65M, with Transportation ($2.17M), Communications services ($1.6M), and Other business services ($1.6M) being the largest in terms of value.

Latvia-Romania Trade: In 2022, Latvia exported $64.5M to Romania. The main products that Latvia exported to Romania were Hard Liquor ($3.95M), Cheese ($3.77M), and Peat ($3.03M). Over the past 5 years the exports of Latvia to Romania have increased at an annualized rate of 20.6%,  from $25.3M in 2017 to $64.5M in 2022.

In 2020, Latvia exported services to Romania worth $4.57M, with Other business services ($3.43M) and Travel ($1.14M) being the largest in terms of value.

Comparison In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03),  and 43 in total exports ($99.5B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.