China / Latvia

Overview In October 2024, China exported $96.6M and imported $24.3M from Latvia, resulting in a positive trade balance of $72.3M. Between October 2023 and October 2024 the exports of China have increased by $33.8M (53.9%) from $62.7M to $96.6M, while imports decreased by $-680k (-2.73%) from $24.9M to $24.3M.

Trade In October 2024, the top exports of China to Latvia were Telephones ($9.4M), Other Nitrogen Compounds ($5.58M), Other Electrical Machinery ($4.48M), Commodities not elsewhere specified ($3.47M), and Computers ($3.16M). In October 2024 the top imports of China from Latvia were Rough Wood ($10.5M), Peat ($5.02M), Scrap Copper ($3.24M), Telephones ($966k), and Motor vehicles; parts and accessories (8701... ($868k).

Origins In October 2024 the exports of China were mainly from Fujian Province ($31.9M), Guangdong Province ($18.3M), Jiangsu Province ($13.6M), Zhejiang Province ($11.7M), and Shandong Province ($5.14M), while imports destinations were mainly Shanghai Province ($6.21M), Zhejiang Province ($3.97M), Shandong Province ($3.75M), Fujian Province ($3.22M), and Guangdong Province ($2.46M).

Growth In October 2024, the increase in China's year-by-year exports to Latvia was explained primarily by an increase in product exports in Other Electrical Machinery ($4.3M or 2.48k%), Other Organo-Inorganic Compounds ($2.31M or 655%), and Telephones ($2.21M or 30.7%). In October 2024, the decrease in China's year-by-year imports  from Latvia was explained primarily by an decrease in product imports  in Refined Copper ($-1.6M or -70.9%), Sawn Wood ($-848k or -55.2%), and Raw Aluminium ($-644k or -59.4%).