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Exports In 2022, Latvia exported $36.8M in Electric Heaters, making it the 56th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 110th most exported product in Latvia. The main destination of Electric Heaters exports from Latvia are: Lithuania ($15.3M), Estonia ($8.06M), Russia ($2.35M), Germany ($1.89M), and Moldova ($1.01M).

The fastest growing export markets for Electric Heaters of Latvia between 2021 and 2022 were Moldova ($770k), Hong Kong ($600k), and Estonia ($571k).

Imports In 2022, Latvia imported $86.3M in Electric Heaters, becoming the 66th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 60th most imported product in Latvia. Latvia imports Electric Heaters primarily from: Lithuania ($19.3M), Poland ($13.7M), China ($9.49M), Estonia ($8.11M), and Germany ($6.11M).

The fastest growing import markets in Electric Heaters for Latvia between 2021 and 2022 were Lithuania ($3.27M), Netherlands ($1.16M), and Japan ($813k).

Latest Trends

Oct 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 Electric Heaters. 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)$36.8M
IMPORTS (2022)$86.3M
NET TRADE (2022)-$49.5M

In 2022, Latvia exported $36.8M in Electric Heaters. The main destinations of Latvia exports on Electric Heaters were Lithuania ($15.3M), Estonia ($8.06M), Russia ($2.35M), Germany ($1.89M), and Moldova ($1.01M).

In 2022, Latvia imported $86.3M in Electric Heaters, mainly from Lithuania ($19.3M), Poland ($13.7M), China ($9.49M), Estonia ($8.11M), and Germany ($6.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Moldova$770k (323%)
Hong Kong$600k (1%)
Estonia$571k (7.63%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Latvia WERE (2021 - 2022):
United Kingdom-$1M (-93.5%)
Lithuania-$973k (-5.98%)
Austria-$368k (-83.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, Latvia's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $2.68M
TOP IMPORT POTENTIALChina+ $8.08M

Electric Heaters’s highest export potential is Russia. With an export gap of $2.68M.   Electric Heaters’s highest import potential is China with an import gap of $8.08M.

See methodology.

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