2022
Exports | Imports
$29.5M | $9.29MWorld Rnk 8 / 128
Flag Rnk 136 / 1190
World Rnk 21 / 203
Flag Rnk 379 / 1203
2022
PRODUCT COMPLEXITY IN Book-binding Machines
0.92Rnk 191 / 1025

About

Exports In 2022, Latvia exported $29.5M in Book-binding Machines, making it the 8th largest exporter of Book-binding Machines in the world. At the same year, Book-binding Machines was the 136th most exported product in Latvia. The main destination of Book-binding Machines exports from Latvia are: United States ($14.8M), Netherlands ($5.79M), Germany ($1.5M), Sweden ($1.07M), and United Kingdom ($971k).

The fastest growing export markets for Book-binding Machines of Latvia between 2021 and 2022 were United States ($5.46M), Germany ($542k), and Sweden ($279k).

Imports In 2022, Latvia imported $9.29M in Book-binding Machines, becoming the 21st largest importer of Book-binding Machines in the world. At the same year, Book-binding Machines was the 379th most imported product in Latvia. Latvia imports Book-binding Machines primarily from: Sweden ($2.11M), Chinese Taipei ($1.47M), Germany ($1.34M), United Kingdom ($967k), and Netherlands ($656k).

The fastest growing import markets in Book-binding Machines for Latvia between 2021 and 2022 were Sweden ($359k), France ($342k), and Netherlands ($192k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Book-binding Machines from Latvia to the United States.

Latest Trends

Feb 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 Book-binding Machines. 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)$29.5M
IMPORTS (2022)$9.29M
NET TRADE (2022)$20.2M

In 2022, Latvia exported $29.5M in Book-binding Machines. The main destinations of Latvia exports on Book-binding Machines were United States ($14.8M), Netherlands ($5.79M), Germany ($1.5M), Sweden ($1.07M), and United Kingdom ($971k).

In 2022, Latvia imported $9.29M in Book-binding Machines, mainly from Sweden ($2.11M), Chinese Taipei ($1.47M), Germany ($1.34M), United Kingdom ($967k), and Netherlands ($656k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Book-binding Machines EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
United States$5.46M (58.3%)
Germany$542k (56.3%)
Sweden$279k (35.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Book-binding Machines BY Latvia WERE (2021 - 2022):
Netherlands-$910k (-13.6%)
France-$298k (-44.9%)
Australia-$245k (-23%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Book-binding Machines were:
In 2022, Latvia's main importing competitors in Book-binding Machines were:

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Trade Value of Book-binding Machines by Exporters

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