2022
Flag  
GDP
$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH
33.4%CURRENT US$
Rnk 92 / 186
2022
Flag
 GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC 
$29,457CURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 63 / 186
2022
Flag
GDP PC
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186

About

Slovenia-Latvia In 2022, Slovenia exported $86M to Latvia. The main products that Slovenia exported to Latvia are Packaged Medicaments ($40.1M), Vaccines, blood, antisera, toxins and cultures ($5M), and Tractors ($4.2M). During the last 27 years the exports of Slovenia to Latvia have increased at an annualized rate of 13.1%, from $3.13M in 1995 to $86M in 2022.

In 2020, Slovenia exported services to Latvia worth $14.2M, with Other business services ($11.2M), Transportation ($1.03M), and Travel ($800k) being the largest in terms of value.

Latvia-Slovenia In 2022, Latvia exported $38.3M to Slovenia. The main products that Latvia exported to Slovenia were Packaged Medicaments ($4.14M), Glass Fibers ($3.74M), and Glaziers Putty ($2.2M). During the last 27 years the exports of Latvia to Slovenia have increased at an annualized rate of 15.6%, from $772k in 1995 to $38.3M in 2022.

In 2020, Latvia exported services to Slovenia worth $37.7M, with Communications services ($27.4M), Other business services ($6.85M), and Transportation ($2.28M) being the largest in terms of value.

Comparison In 2022,  Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45),  and 56 in total exports ($56B). 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
Value

In 2022, Slovenia exported $86M to Latvia. The main products exported from Slovenia to Latvia were Packaged Medicaments ($40.1M), Vaccines, blood, antisera, toxins and cultures ($5M), and Tractors ($4.2M). During the last 27 years the exports of Slovenia to Latvia have increased at an annualized rate of 13.1%, from $3.13M in 1995 to $86M in 2022.

In 2022, Latvia exported $38.3M to Slovenia. The main products exported from Latvia to Slovenia were Packaged Medicaments ($4.14M), Glass Fibers ($3.74M), and Glaziers Putty ($2.2M). During the last 27 years the exports of Latvia to Slovenia have increased at an annualized rate of 15.6%, from $772k in 1995 to $38.3M in 2022.

Exports from Slovenia (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Slovenia (Flag) (2022)

Latest Data

Trade between Slovenia (Flag) and Latvia (Flag)

Slovenia Exports

Latvia Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$9.92B
Latvia
Top Destination
Lithuania$4.09B

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

In 2021, countries that imported more from Slovenia than Latvia were Switzerland ($9.92B), Germany ($7.92B), and Italy ($6.28B).

In 2021, countries that imported more from Latvia than Slovenia were Lithuania ($4.09B), Estonia ($2.26B), and Finland ($1.06B).

Difference in imports from Latvia (Flag) and Slovenia (Flag) (2022)

Comparative Advantage Slovenia - Latvia

Flow
Scale

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

During 2022, Slovenia had a large net trade with Latvia in the exports of Chemical Products ($52.4M), Machines ($11.9M), and Transportation ($5.74M).

During 2022, Latvia had a large net trade with Slovenia in the exports of Chemical Products ($9.55M), Machines ($7.87M), and Stone And Glass ($4.24M).

Service Trade

Bilateral Service Trade

In 2020, Slovenia exported services to Latvia worth $14.2M, with Other business services ($11.2M), Transportation ($1.03M), and Travel ($800k) being the largest in terms of value.

In 2020, Latvia exported services to Slovenia worth $37.7M, with Communications services ($27.4M), Other business services ($6.85M), and Transportation ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia (Flag) to Latvia (Flag) (2020)

Services Exports from Latvia (Flag) to Slovenia (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Slovenia has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Slovenia.

Product Space of Slovenia (Flag) and Latvia (Flag) (2022)

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