Other Heating Machinery in Latvia

EXPORTS (2018): $56.8M, World Rnk 46 / 184
Flag Rnk 47 / 1120

TOP DESTINATION (2018): $23.6M, Hungary

FASTEST GROWING MARKET (2017 - 2018): $23.6M, Hungary

IMPORTS (2018): $50.7M, World Rnk 76 / 215
Flag Rnk 80 / 1175

TOP ORIGIN (2018): $11.4M, Sweden

FASTEST GROWING ORIGIN (2017 - 2018): $3.96M, Sweden

ECONOMIC COMPLEXITY of Latvia (2018): 0.84, Rnk 36 / 137

PRODUCT COMPLEXITY  IN Other Heating Machinery (2018): 1.31, Rnk 80 / 1018

Overview: This page contains the latest trade data of Other Heating Machinery in Latvia.

Exports: In 2018, Latvia exported $56.8M in Other Heating Machinery, making it the 46th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 47th most exported product in Latvia. The main destination of Other Heating Machinery exports from Latvia are: Hungary ($23.6M), Russia ($14.6M), Lithuania ($3.26M), Uzbekistan ($3.22M), and Germany ($3M).

The fastest growing export markets for Other Heating Machinery of Latvia between 2017 and 2018 were Hungary ($23.6M), Uzbekistan ($3.19M), and Denmark ($1.84M).

Imports: In 2018, Latvia imported $50.7M in Other Heating Machinery, becoming the 76th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 80th most imported product in Latvia. Latvia imports Other Heating Machinery primarily from: Sweden ($11.4M), Germany ($8.02M), Italy ($4.21M), Brazil ($2.73M), and United States ($2.6M).

The fastest growing import markets in Other Heating Machinery for Latvia between 2017 and 2018 were Sweden ($3.96M), Brazil ($2.72M), and Germany ($2.36M).

Tariffs: In 2017, the average tariff for Latvia in Other Heating Machinery was 0.4%. The countries with the highest import tariffs for Other Heating Machinery were Western Sahara (1.35%), Gabon (1.35%), Libya (1.35%), Mayotte (1.35%), and Reunion (1.35%).

Value

EXPORTS (2018): $56.8M

IMPORTS (2018): $50.7M

NET TRADE (2018): $6.11M

In 2018, Latvia exported $56.8M in Other Heating Machinery. The main destinations of Latvia exports on Other Heating Machinery were Hungary ($23.6M), Russia ($14.6M), Lithuania ($3.26M), Uzbekistan ($3.22M), and Germany ($3M).

In 2018, Latvia imported $50.7M in Other Heating Machinery, mainly from Sweden ($11.4M), Germany ($8.02M), Italy ($4.21M), Brazil ($2.73M), and United States ($2.6M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Other Heating Machinery WITH:

  • Hungary, $23.5M ($23.6M - $97.5k)
  • Russia, $12.8M ($14.6M - $1.8M)
  • Uzbekistan, $3.2M ($3.22M - $18.8k)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Other Heating Machinery WITH:

  • Sweden, -$11.3M ($133k - $11.4M)
  • Germany, -$5.02M ($3M - $8.02M)
  • Italy, -$4.12M ($90k - $4.21M)
Flow

THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Latvia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Latvia's main exporting competitors in Other Heating Machinery were:

In 2018, Latvia's main importing competitors in Other Heating Machinery were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Other Heating Machinery in Latvia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Latvia in Other Heating Machinery was 0.4%.

The countries with the highest tariffs for Other Heating Machinery in Latvia were Western Sahara (1.35%), Gabon (1.35%), Libya (1.35%), Mayotte (1.35%), and Reunion (1.35%).

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