Ukraine (UKR) and Latvia (LVA) Trade | The Observatory of Economic Complexity

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Ukraine-Latvia In 2022, Ukraine exported $320M to Latvia. The main products that Ukraine exported to Latvia are Laboratory Reagents ($60.7M), Rapeseed ($17M), and Ferroalloys ($12.8M). During the last 27 years the exports of Ukraine to Latvia have increased at an annualized rate of 8.03%, from $39.8M in 1995 to $320M in 2022.

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

Latvia-Ukraine In 2022, Latvia exported $342M to Ukraine. The main products that Latvia exported to Ukraine were Refined Petroleum ($106M), Processed Fish ($22.8M), and Hard Liquor ($20.2M). During the last 27 years the exports of Latvia to Ukraine have increased at an annualized rate of 5.96%, from $71.5M in 1995 to $342M in 2022.

In 2001, Latvia exported services to Ukraine worth $6.29M, with Transportation ($3.15M) and Other business services ($3.15M) being the largest in terms of value.

Comparison In 2022, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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, Ukraine exported $320M to Latvia. The main products exported from Ukraine to Latvia were Laboratory Reagents ($60.7M), Rapeseed ($17M), and Ferroalloys ($12.8M). During the last 27 years the exports of Ukraine to Latvia have increased at an annualized rate of 8.03%, from $39.8M in 1995 to $320M in 2022.

In 2022, Latvia exported $342M to Ukraine. The main products exported from Latvia to Ukraine were Refined Petroleum ($106M), Processed Fish ($22.8M), and Hard Liquor ($20.2M). During the last 27 years the exports of Latvia to Ukraine have increased at an annualized rate of 5.96%, from $71.5M in 1995 to $342M in 2022.

Exports from Ukraine () to Latvia () (2022)

Exports from Latvia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Latvia ()

Ukraine Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$6.7B

Latvia
Top DestinationLithuania$4.09B

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

In 2021, countries that imported more from Ukraine than Latvia were Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

In 2021, countries that imported more from Latvia than Ukraine were Lithuania ($4.09B), Estonia ($2.26B), and Sweden ($1.19B).

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

Comparative Advantage Ukraine - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ukraine had a large net trade with Latvia in the exports of Chemical Products ($83.9M), Foodstuffs ($33.3M), and Metals ($31.2M).

During 2022, Latvia had a large net trade with Ukraine in the exports of Mineral Products ($130M), Foodstuffs ($59.2M), and Chemical Products ($39.8M).

Service Trade

Bilateral Service Trade

Lva Year

2001

2000

In 2001, Latvia exported services to Ukraine worth $6.29M, with Transportation ($3.15M) and Other business services ($3.15M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Latvia () to Ukraine () (2001)

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Latvia () (2022)

Exports from Latvia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Latvia ()

Ukraine Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Ukraine - Latvia

Service Trade

Bilateral Service Trade

Services Exports from Latvia () to Ukraine () (2001)

Economic Complexity

Competitive Landscape

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

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