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2022
Exports $777kWorld Rnk 53 / 197
Flag Rnk 694 / 1190
2022
Destination $48.9k Lithuania
2021 - 2022
FASTEST GROWING MARKET $48.9kRussia
2022
PRODUCT COMPLEXITY IN Drafting Tools1.71Rnk 23 / 1025
2022
Imports $2.57MWorld Rnk 95 / 220
Flag Rnk 646 / 1203
2022
Origin $67.4k China
2021 - 2022
FASTEST GROWING ORIGIN $67.4kChina

About

Exports In 2022, Latvia exported $777k in Drafting Tools, making it the 53rd largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 694th most exported product in Latvia. The main destination of Drafting Tools exports from Latvia are: Lithuania ($379k), Estonia ($136k), Russia ($56.5k), Romania ($15k), and Georgia ($14.8k).

The fastest growing export markets for Drafting Tools of Latvia between 2021 and 2022 were Russia ($48.9k), United Kingdom ($12.4k), and Estonia ($9.31k).

Imports In 2022, Latvia imported $2.57M in Drafting Tools, becoming the 95th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 646th most imported product in Latvia. Latvia imports Drafting Tools primarily from: China ($650k), Poland ($455k), Germany ($404k), Lithuania ($254k), and Estonia ($188k).

The fastest growing import markets in Drafting Tools for Latvia between 2021 and 2022 were China ($67.4k), Czechia ($12.7k), and France ($11.6k).

Latest Trends

Jul 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 Drafting Tools. 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)$777k
IMPORTS (2022)$2.57M
NET TRADE (2022)-$1.79M

In 2022, Latvia exported $777k in Drafting Tools. The main destinations of Latvia exports on Drafting Tools were Lithuania ($379k), Estonia ($136k), Russia ($56.5k), Romania ($15k), and Georgia ($14.8k).

In 2022, Latvia imported $2.57M in Drafting Tools, mainly from China ($650k), Poland ($455k), Germany ($404k), Lithuania ($254k), and Estonia ($188k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$48.9k (638%)
United Kingdom$12.4k (3.17k%)
Estonia$9.31k (7.35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Latvia WERE (2021 - 2022):
Lithuania-$18.4k (-4.63%)
Finland-$16.1k (-53.3%)
Bulgaria-$5.65k (-50.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Drafting Tools were:
China $1.11B
United States $260M
Germany $221M
In 2022, Latvia's main importing competitors in Drafting Tools were:
United States $382M
Germany $193M
Canada $100M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $55.2k
TOP IMPORT POTENTIALChina+ $255k

Drafting Tools’s highest export potential is Russia. With an export gap of $55.2k.   Drafting Tools’s highest import potential is China with an import gap of $255k.

See methodology.

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