2023
Exports
$12.7MWorld Rnk 58 / 151
Flag Rnk 238 / 1196
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Buses
0.24Rnk 481 / 1025
2023
Imports
$40MWorld Rnk 86 / 212
Flag Rnk 141 / 1206

About

The fastest growing export markets for Buses of Latvia between 2022 and 2023 were Belgium ($2.86M), Lithuania ($1.09M), and Belarus ($584k).

Imports In 2023, Latvia imported $40M in Buses, becoming the 86th largest importer of Buses in the world. At the same year, Buses was the 141st most imported product in Latvia. Latvia imports Buses primarily from: Poland ($22.4M), Czechia ($7.19M), Turkey ($4.92M), Germany ($1.82M), and Lithuania ($1.76M).

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 Buses. 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)$12.7M
IMPORTS (2023)$40M
NET TRADE (2023)-$27.2M

In 2023, Latvia imported $40M in Buses, mainly from Poland ($22.4M), Czechia ($7.19M), Turkey ($4.92M), Germany ($1.82M), and Lithuania ($1.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Belgium$2.86M (131k%)
Lithuania$1.09M (33.3%)
Belarus$584k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Latvia WERE (2022 - 2023):
Switzerland-$735k (-100%)
Germany-$585k (-91.8%)
Sweden-$541k (-17.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Latvia's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $471k
TOP IMPORT POTENTIALTurkey+ $1.35M

Buses’s highest export potential is Germany. With an export gap of $471k.   Buses’s highest import potential is Turkey with an import gap of $1.35M.

See methodology.

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