2022
Exports | Imports
$290M | $788MWorld Rnk 46 / 210
Flag Rnk 16 / 1190
World Rnk 76 / 224
Flag Rnk 4 / 1203
2022
PRODUCT COMPLEXITY IN Cars
0.97Rnk 182 / 1025

About

Exports In 2022, Latvia exported $290M in Cars, making it the 46th largest exporter of Cars in the world. At the same year, Cars was the 16th most exported product in Latvia. The main destination of Cars exports from Latvia are: Lithuania ($159M), Estonia ($66.5M), Germany ($21.1M), France ($6.65M), and Sweden ($4.33M).

The fastest growing export markets for Cars of Latvia between 2021 and 2022 were Estonia ($10.6M), Sweden ($2.65M), and Turkey ($2.54M).

Imports In 2022, Latvia imported $788M in Cars, becoming the 76th largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Latvia. Latvia imports Cars primarily from: Germany ($314M), Estonia ($192M), Finland ($53.4M), Poland ($48.8M), and United Kingdom ($38.1M).

The fastest growing import markets in Cars for Latvia between 2021 and 2022 were Germany ($123M), Poland ($22.7M), and United Kingdom ($9.9M).

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

Latest Trends

Jan 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 Cars. 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)$290M
IMPORTS (2022)$788M
NET TRADE (2022)-$498M

In 2022, Latvia exported $290M in Cars. The main destinations of Latvia exports on Cars were Lithuania ($159M), Estonia ($66.5M), Germany ($21.1M), France ($6.65M), and Sweden ($4.33M).

In 2022, Latvia imported $788M in Cars, mainly from Germany ($314M), Estonia ($192M), Finland ($53.4M), Poland ($48.8M), and United Kingdom ($38.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Estonia$10.6M (19%)
Sweden$2.65M (158%)
Turkey$2.54M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Latvia WERE (2021 - 2022):
Germany-$10.4M (-33%)
France-$5.62M (-45.8%)
Finland-$1.99M (-43.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

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