Insulated Wire in Latvia

EXPORTS (2018): $45M, World Rnk 69 / 207
Flag Rnk 67 / 1120

TOP DESTINATION (2018): $14.7M, France

FASTEST GROWING MARKET (2017 - 2018): $2.64M, Germany

IMPORTS (2018): $94.9M, World Rnk 88 / 220
Flag Rnk 32 / 1175

TOP ORIGIN (2018): $17.5M, Poland

FASTEST GROWING ORIGIN (2017 - 2018): $3.87M, Germany

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

PRODUCT COMPLEXITY  IN Insulated Wire (2018): -0.64, Rnk 732 / 1018

Overview: This page contains the latest trade data of Insulated Wire in Latvia.

Exports: In 2018, Latvia exported $45M in Insulated Wire, making it the 69th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 67th most exported product in Latvia. The main destination of Insulated Wire exports from Latvia are: France ($14.7M), Germany ($6.73M), Estonia ($5.01M), Lithuania ($3.9M), and United Kingdom ($2.55M).

The fastest growing export markets for Insulated Wire of Latvia between 2017 and 2018 were Germany ($2.64M), France ($1.75M), and Georgia ($1.25M).

Imports: In 2018, Latvia imported $94.9M in Insulated Wire, becoming the 88th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most imported product in Latvia. Latvia imports Insulated Wire primarily from: Poland ($17.5M), Estonia ($13.9M), Germany ($13.7M), Lithuania ($11M), and China ($7.97M).

The fastest growing import markets in Insulated Wire for Latvia between 2017 and 2018 were Germany ($3.87M), United States ($3.44M), and United Kingdom ($2.95M).

Tariffs: In 2017, the average tariff for Latvia in Insulated Wire was 0.94%. The countries with the highest import tariffs for Insulated Wire were Western Sahara (3.19%), Gabon (3.19%), Libya (3.19%), Mayotte (3.19%), and Reunion (3.19%).

Value

EXPORTS (2018): $45M

IMPORTS (2018): $94.9M

NET TRADE (2018): -$49.9M

In 2018, Latvia exported $45M in Insulated Wire. The main destinations of Latvia exports on Insulated Wire were France ($14.7M), Germany ($6.73M), Estonia ($5.01M), Lithuania ($3.9M), and United Kingdom ($2.55M).

In 2018, Latvia imported $94.9M in Insulated Wire, mainly from Poland ($17.5M), Estonia ($13.9M), Germany ($13.7M), Lithuania ($11M), and China ($7.97M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Insulated Wire WITH:

  • France, $8.52M ($14.7M - $6.15M)
  • Georgia, $1.26M ($1.27M - $11.1k)
  • Japan, $423k ($469k - $45.2k)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Insulated Wire WITH:

  • Poland, -$16.6M ($936k - $17.5M)
  • Estonia, -$8.93M ($5.01M - $13.9M)
  • China, -$7.73M ($240k - $7.97M)
Flow

THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire 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 Insulated Wire were:

In 2018, Latvia's main importing competitors in Insulated Wire were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Insulated Wire 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 Insulated Wire was 0.94%.

The countries with the highest tariffs for Insulated Wire in Latvia were Western Sahara (3.19%), Gabon (3.19%), Libya (3.19%), Mayotte (3.19%), and Reunion (3.19%).

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