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Exports In 2022, Latvia exported $12M in Bandages, making it the 41st largest exporter of Bandages in the world. At the same year, Bandages was the 251st most exported product in Latvia. The main destination of Bandages exports from Latvia are: Russia ($4.08M), Lithuania ($1.97M), Estonia ($1.22M), Moldova ($784k), and Germany ($740k).

The fastest growing export markets for Bandages of Latvia between 2021 and 2022 were Russia ($591k), Germany ($239k), and Lithuania ($195k).

Imports In 2022, Latvia imported $12.6M in Bandages, becoming the 68th largest importer of Bandages in the world. At the same year, Bandages was the 322nd most imported product in Latvia. Latvia imports Bandages primarily from: Estonia ($4.05M), China ($2.03M), Sweden ($1.43M), Poland ($785k), and Italy ($712k).

The fastest growing import markets in Bandages for Latvia between 2021 and 2022 were Estonia ($874k), China ($513k), and Ireland ($340k).

Latest Trends

Oct 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 (2022)$12M
IMPORTS (2022)$12.6M
NET TRADE (2022)-$624k

In 2022, Latvia exported $12M in Bandages. The main destinations of Latvia exports on Bandages were Russia ($4.08M), Lithuania ($1.97M), Estonia ($1.22M), Moldova ($784k), and Germany ($740k).

In 2022, Latvia imported $12.6M in Bandages, mainly from Estonia ($4.05M), China ($2.03M), Sweden ($1.43M), Poland ($785k), and Italy ($712k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$591k (16.9%)
Germany$239k (47.6%)
Lithuania$195k (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Latvia WERE (2021 - 2022):
Estonia-$863k (-41.5%)
Ukraine-$274k (-38.1%)
United Kingdom-$193k (-93.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Bandages were:
In 2022, 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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