Denmark (DNK) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Denmark-Latvia In 2022, Denmark exported $502M to Latvia. The main products that Denmark exported to Latvia are Packaged Medicaments ($47.1M), Hot-Rolled Iron ($27.4M), and Excavation Machinery ($23.4M). During the last 27 years the exports of Denmark to Latvia have increased at an annualized rate of 7.08%, from $79.2M in 1995 to $502M in 2022.

In 2020, Denmark exported services to Latvia worth $156M, with Transportation ($93.7M), Travel ($27.8M), and Other business services ($13.1M) being the largest in terms of value.

Latvia-Denmark In 2022, Latvia exported $972M to Denmark. The main products that Latvia exported to Denmark were Fuel Wood ($125M), Rapeseed Oil ($59.7M), and Other Furniture ($57M). During the last 27 years the exports of Latvia to Denmark have increased at an annualized rate of 12.4%, from $41.6M in 1995 to $972M in 2022.

In 2020, Latvia exported services to Denmark worth $129M, with Transportation ($54.8M), Other business services ($42.3M), and Computer and information services ($20.6M) being the largest in terms of value.

Comparison In 2022, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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, Denmark exported $502M to Latvia. The main products exported from Denmark to Latvia were Packaged Medicaments ($47.1M), Hot-Rolled Iron ($27.4M), and Excavation Machinery ($23.4M). During the last 27 years the exports of Denmark to Latvia have increased at an annualized rate of 7.08%, from $79.2M in 1995 to $502M in 2022.

In 2022, Latvia exported $972M to Denmark. The main products exported from Latvia to Denmark were Fuel Wood ($125M), Rapeseed Oil ($59.7M), and Other Furniture ($57M). During the last 27 years the exports of Latvia to Denmark have increased at an annualized rate of 12.4%, from $41.6M in 1995 to $972M in 2022.

Exports from Denmark () to Latvia () (2022)

Exports from Latvia () to Denmark () (2022)

Latest Data

Trade between Denmark () and Latvia ()

Denmark Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Latvia
Top DestinationLithuania$4.09B

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

In 2021, countries that imported more from Denmark than Latvia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2021, countries that imported more from Latvia than Denmark were Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

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

Comparative Advantage Denmark - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Denmark had a large net trade with Latvia in the exports of Machines ($122M), Metals ($103M), and Chemical Products ($76.1M).

During 2022, Latvia had a large net trade with Denmark in the exports of Wood Products ($219M), Machines ($148M), and Metals ($140M).

Service Trade

Bilateral Service Trade

Lva Year

Dnk Year

In 2020, Denmark exported services to Latvia worth $156M, with Transportation ($93.7M), Travel ($27.8M), and Other business services ($13.1M) being the largest in terms of value.

In 2020, Latvia exported services to Denmark worth $129M, with Transportation ($54.8M), Other business services ($42.3M), and Computer and information services ($20.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Latvia () (2020)

Services Exports from Latvia () to Denmark () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Latvia () (2022)

Exports from Latvia () to Denmark () (2022)

Latest Data

Trade between Denmark () and Latvia ()

Denmark Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Latvia

Service Trade

Bilateral Service Trade

Services Exports from Denmark () to Latvia () (2020)

Services Exports from Latvia () to Denmark () (2020)

Economic Complexity

Competitive Landscape

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

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