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Exports In 2023, Latvia exported $11M in Bandages, making it the 44th largest exporter of Bandages in the world. At the same year, Bandages was the 262nd most exported product in Latvia. The main destination of Bandages exports from Latvia are: Russia ($3.79M), Lithuania ($1.63M), Ukraine ($816k), Belarus ($708k), and Kazakhstan ($686k).

The fastest growing export markets for Bandages of Latvia between 2022 and 2023 were Ukraine ($393k), Belarus ($228k), and Netherlands ($104k).

Imports In 2023, Latvia imported $10.2M in Bandages, becoming the 74th largest importer of Bandages in the world. At the same year, Bandages was the 361st most imported product in Latvia. Latvia imports Bandages primarily from: Estonia ($3.84M), China ($1.92M), Sweden ($1.14M), Lithuania ($774k), and Poland ($586k).

The fastest growing import markets in Bandages for Latvia between 2022 and 2023 were Lithuania ($136k), France ($95.3k), and Bulgaria ($63.1k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bandages. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11M
IMPORTS (2023)$10.2M
NET TRADE (2023)$839k

In 2023, Latvia exported $11M in Bandages. The main destinations of Latvia exports on Bandages were Russia ($3.79M), Lithuania ($1.63M), Ukraine ($816k), Belarus ($708k), and Kazakhstan ($686k).

In 2023, Latvia imported $10.2M in Bandages, mainly from Estonia ($3.84M), China ($1.92M), Sweden ($1.14M), Lithuania ($774k), and Poland ($586k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Ukraine$393k (93.1%)
Belarus$228k (47.6%)
Netherlands$104k (24.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Latvia WERE (2022 - 2023):
Lithuania-$529k (-24.6%)
Estonia-$421k (-38%)
Russia-$284k (-6.97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Bandages were:
In 2023, Latvia's main importing competitors in Bandages were:

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $635k
TOP IMPORT POTENTIALChina+ $850k

Bandages’s highest export potential is Germany. With an export gap of $635k.   Bandages’s highest import potential is China with an import gap of $850k.

See methodology.

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