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Exports In 2023, Latvia exported $72.6M in Centrifuges, making it the 55th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 53rd most exported product in Latvia. The main destination of Centrifuges exports from Latvia are: United States ($9.51M), Denmark ($9.12M), Lithuania ($5.98M), Sweden ($5.56M), and France ($3.85M).

The fastest growing export markets for Centrifuges of Latvia between 2022 and 2023 were Denmark ($5.8M), United States ($2.73M), and France ($1.91M).

Imports In 2023, Latvia imported $68.8M in Centrifuges, becoming the 83rd largest importer of Centrifuges in the world. At the same year, Centrifuges was the 84th most imported product in Latvia. Latvia imports Centrifuges primarily from: Poland ($13M), Germany ($12.7M), Lithuania ($6.58M), Estonia ($4.44M), and Finland ($4.13M).

The fastest growing import markets in Centrifuges for Latvia between 2022 and 2023 were Malta ($989k), Austria ($962k), and Turkey ($845k).

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 Centrifuges. 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)$72.6M
IMPORTS (2023)$68.8M
NET TRADE (2023)$3.7M

In 2023, Latvia exported $72.6M in Centrifuges. The main destinations of Latvia exports on Centrifuges were United States ($9.51M), Denmark ($9.12M), Lithuania ($5.98M), Sweden ($5.56M), and France ($3.85M).

In 2023, Latvia imported $68.8M in Centrifuges, mainly from Poland ($13M), Germany ($12.7M), Lithuania ($6.58M), Estonia ($4.44M), and Finland ($4.13M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Denmark$5.8M (174%)
United States$2.73M (40.3%)
France$1.91M (98.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Latvia WERE (2022 - 2023):
Russia-$7.54M (-79.5%)
Uzbekistan-$940k (-66.1%)
China-$821k (-62.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Centrifuges were:
In 2023, Latvia's main importing competitors in Centrifuges were:

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $7.68M
TOP IMPORT POTENTIALGermany+ $5.58M

Centrifuges’s highest export potential is United States. With an export gap of $7.68M.   Centrifuges’s highest import potential is Germany with an import gap of $5.58M.

See methodology.

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