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Exports In 2023, Latvia exported $31.9M in Book-binding Machines, making it the 7th largest exporter of Book-binding Machines in the world. At the same year, Book-binding Machines was the 124th most exported product in Latvia. The main destination of Book-binding Machines exports from Latvia are: United States ($20.3M), United Kingdom ($2.27M), Netherlands ($1.94M), Australia ($769k), and Italy ($748k).

The fastest growing export markets for Book-binding Machines of Latvia between 2022 and 2023 were United States ($7.59M), United Kingdom ($1.37M), and Netherlands ($316k).

Imports In 2023, Latvia imported $5.09M in Book-binding Machines, becoming the 33rd largest importer of Book-binding Machines in the world. At the same year, Book-binding Machines was the 499th most imported product in Latvia. Latvia imports Book-binding Machines primarily from: Sweden ($1.64M), United Kingdom ($863k), Estonia ($504k), United States ($461k), and France ($326k).

The fastest growing import markets in Book-binding Machines for Latvia between 2022 and 2023 were China ($145k), United States ($57.7k), and Norway ($28.1k).

Latest Trends

Jan 2025

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 (2023)$31.9M
IMPORTS (2023)$5.09M
NET TRADE (2023)$26.8M

In 2023, Latvia exported $31.9M in Book-binding Machines. The main destinations of Latvia exports on Book-binding Machines were United States ($20.3M), United Kingdom ($2.27M), Netherlands ($1.94M), Australia ($769k), and Italy ($748k).

In 2023, Latvia imported $5.09M in Book-binding Machines, mainly from Sweden ($1.64M), United Kingdom ($863k), Estonia ($504k), United States ($461k), and France ($326k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Book-binding Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United States$7.59M (59.6%)
United Kingdom$1.37M (151%)
Netherlands$316k (19.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Book-binding Machines BY Latvia WERE (2022 - 2023):
Russia-$181k (-100%)
Poland-$165k (-88.1%)
France-$138k (-45.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Latvia's main exporting competitors in Book-binding Machines were:
In 2023, Latvia's main importing competitors in Book-binding Machines were:

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Trade Value of Book-binding Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $358k
TOP IMPORT POTENTIALChina+ $72.4k

Book-binding Machines’s highest export potential is Germany. With an export gap of $358k.   Book-binding Machines’s highest import potential is China with an import gap of $72.4k.

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