Musical Instrument Parts in Latvia

EXPORTS (2018): $2.72M, World Rnk 35 / 118
Flag Rnk 428 / 1120

TOP DESTINATION (2018): $724k, Lithuania

FASTEST GROWING MARKET (2017 - 2018): $253k, Germany

IMPORTS (2018): $1.74M, World Rnk 57 / 188
Flag Rnk 701 / 1175

TOP ORIGIN (2018): $912k, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $137k, Germany

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

PRODUCT COMPLEXITY  IN Musical Instrument Parts (2018): 1.36, Rnk 70 / 1018

Overview: This page contains the latest trade data of Musical Instrument Parts in Latvia.

Exports: In 2018, Latvia exported $2.72M in Musical Instrument Parts, making it the 35th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 428th most exported product in Latvia. The main destination of Musical Instrument Parts exports from Latvia are: Lithuania ($724k), United States ($525k), Germany ($516k), United Kingdom ($291k), and Japan ($85k).

The fastest growing export markets for Musical Instrument Parts of Latvia between 2017 and 2018 were Germany ($253k), United Kingdom ($216k), and United States ($96.5k).

Imports: In 2018, Latvia imported $1.74M in Musical Instrument Parts, becoming the 57th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 701st most imported product in Latvia. Latvia imports Musical Instrument Parts primarily from: Germany ($912k), United States ($327k), China ($105k), Canada ($59.2k), and Netherlands ($47.1k).

The fastest growing import markets in Musical Instrument Parts for Latvia between 2017 and 2018 were Germany ($137k), United States ($124k), and Canada ($59.2k).

Tariffs: In 2017, the average tariff for Latvia in Musical Instrument Parts was 1.13%. The countries with the highest import tariffs for Musical Instrument Parts were Western Sahara (2.64%), Gabon (2.64%), Libya (2.64%), Mayotte (2.64%), and Reunion (2.64%).

Value

EXPORTS (2018): $2.72M

IMPORTS (2018): $1.74M

NET TRADE (2018): $978k

In 2018, Latvia exported $2.72M in Musical Instrument Parts. The main destinations of Latvia exports on Musical Instrument Parts were Lithuania ($724k), United States ($525k), Germany ($516k), United Kingdom ($291k), and Japan ($85k).

In 2018, Latvia imported $1.74M in Musical Instrument Parts, mainly from Germany ($912k), United States ($327k), China ($105k), Canada ($59.2k), and Netherlands ($47.1k).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Musical Instrument Parts WITH:

  • Lithuania, $706k ($724k - $18.7k)
  • United Kingdom, $244k ($291k - $46.7k)
  • United States, $198k ($525k - $327k)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Musical Instrument Parts WITH:

  • Germany, -$395k ($516k - $912k)
  • China, -$105k ($0 - $105k)
  • Canada, -$30k ($29.2k - $59.2k)
Flow

THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts 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 Musical Instrument Parts were:

In 2018, Latvia's main importing competitors in Musical Instrument Parts were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Musical Instrument Parts 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 Musical Instrument Parts was 1.13%.

The countries with the highest tariffs for Musical Instrument Parts in Latvia were Western Sahara (2.64%), Gabon (2.64%), Libya (2.64%), Mayotte (2.64%), and Reunion (2.64%).

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