Luxembourg (LUX) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Luxembourg-Latvia In 2022, Luxembourg exported $25.1M to Latvia. The main products that Luxembourg exported to Latvia are Soybean Meal ($11.8M), Coated Flat-Rolled Iron ($4.94M), and Rubber Tires ($1.79M). During the last 23 years the exports of Luxembourg to Latvia have increased at an annualized rate of 14.3%, from $1.17M in 1999 to $25.1M in 2022.

In 2020, Luxembourg exported services to Latvia worth $10.3M, with Other business services ($8M), Transportation ($1.14M), and Travel ($1.14M) being the largest in terms of value.

Latvia-Luxembourg In 2022, Latvia exported $36.3M to Luxembourg. The main products that Latvia exported to Luxembourg were Polyacetals ($18.1M), Rye ($6.72M), and Office Machine Parts ($4.17M). During the last 23 years the exports of Latvia to Luxembourg have increased at an annualized rate of 21.7%, from $399k in 1999 to $36.3M in 2022.

In 2020, Latvia exported services to Luxembourg worth $57.1M, with Transportation ($20.6M), Other business services ($17.1M), and Construction services ($16M) being the largest in terms of value.

Comparison In 2022, Luxembourg ranked 78 in total exports ($20.5B). That same year, Latvia ranked 75 in total exports ($22.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Luxembourg exported $25.1M to Latvia. The main products exported from Luxembourg to Latvia were Soybean Meal ($11.8M), Coated Flat-Rolled Iron ($4.94M), and Rubber Tires ($1.79M). During the last 23 years the exports of Luxembourg to Latvia have increased at an annualized rate of 14.3%, from $1.17M in 1999 to $25.1M in 2022.

In 2022, Latvia exported $36.3M to Luxembourg. The main products exported from Latvia to Luxembourg were Polyacetals ($18.1M), Rye ($6.72M), and Office Machine Parts ($4.17M). During the last 23 years the exports of Latvia to Luxembourg have increased at an annualized rate of 21.7%, from $399k in 1999 to $36.3M in 2022.

Exports from Luxembourg () to Latvia () (2022)

Exports from Latvia () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Latvia ()

Luxembourg Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Luxembourg
Top DestinationGermany$4.15B

Latvia
Top DestinationLithuania$4.09B

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

In 2021, countries that imported more from Luxembourg than Latvia were Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

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

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

Comparative Advantage Luxembourg - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Luxembourg had a large net trade with Latvia in the exports of Foodstuffs ($12M), Metals ($7.05M), and Plastics and Rubbers ($2.16M).

During 2022, Latvia had a large net trade with Luxembourg in the exports of Plastics and Rubbers ($18.2M), Vegetable Products ($9.17M), and Machines ($5.24M).

Service Trade

Bilateral Service Trade

Lva Year

Lux Year

In 2020, Luxembourg exported services to Latvia worth $10.3M, with Other business services ($8M), Transportation ($1.14M), and Travel ($1.14M) being the largest in terms of value.

In 2020, Latvia exported services to Luxembourg worth $57.1M, with Transportation ($20.6M), Other business services ($17.1M), and Construction services ($16M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Latvia () to Luxembourg () (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 Luxembourg has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Luxembourg.

About

Historical Data

Bilateral Trade by Products

Exports from Luxembourg () to Latvia () (2022)

Exports from Latvia () to Luxembourg () (2022)

Latest Data

Trade between Luxembourg () and Latvia ()

Luxembourg Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Luxembourg - Latvia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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