Latvia-France Bilateral Trade Analysis 2023
Complete trade statistics: $989.16M total volume •Latvia surplus: $28.23M
Latvia → France
$508.70M
Exports (2023)
France → Latvia
$480.46M
Imports (2023)
Trade Balance
$28.23M
Surplus for Latvia
Total Trade
$989.16M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Latvia and France. Green line shows exports from Latvia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Latvia-France commercial relationship and competitive positioning in global markets.
Latvia → France Exports
Export Market Intelligence
🎯 Strategic Export Focus
Latvia's export portfolio to France demonstrates strategic specialization, with aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 representing a key competitive advantage in this bilateral market.
France → Latvia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Latvia's import pattern from France reveals strategic sourcingin aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Latvia demonstrates competitive strength in exportingaircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 to France, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $989.16M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Latvia-France Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $989.16 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Latvia maintains a surplus of $28.23 million
- Export Focus: Latvia's primary exports include aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of sunflower seed oils, chassis: fitted with engines, for the motor vehicles of heading no. 8701 to 8705
- Import Dependencies: Key imports from France include aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, spirits obtained by distilling grape wine or grape marc, tractors: n.e.c. in heading no 8701 (other than tractors of heading no 8709): of an engine power exceeding 130kw
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $989.16M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Latvia leveraging its comparative advantages in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Latvia's specialization in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803complements France's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $989.16M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $989.16M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $989.16 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 and aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Latvia's trade surplus of $28.23 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Latvia and France represents a total trade volume of $989.16 million in 2023. This partnership demonstrates a favorable trade balance for Latvia, with exports exceeding importsby $28.23 million.
Export Strengths
Latvia's exports to France total $508.70 million, with competitive advantages in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, representing $45.89M or9.0% of bilateral exports.
Import Dependencies
Imports from France amount to $480.46 million, highlighting economic interdependence in aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803, with Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 comprising8.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Latvia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Latvia and France in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023