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Exports In 2022, Latvia exported $14.4M in Gas Turbines, making it the 73rd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 226th most exported product in Latvia. The main destination of Gas Turbines exports from Latvia are: United Kingdom ($7.54M), United States ($4.82M), Ghana ($1.76M), Netherlands ($143k), and Poland ($89.8k).

The fastest growing export markets for Gas Turbines of Latvia between 2021 and 2022 were Ghana ($1.76M), Netherlands ($105k), and Ireland ($10.1k).

Imports In 2022, Latvia imported $26.9M in Gas Turbines, becoming the 93rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 208th most imported product in Latvia. Latvia imports Gas Turbines primarily from: Canada ($12.1M), United States ($10.2M), United Kingdom ($1.48M), Ukraine ($867k), and Sweden ($652k).

The fastest growing import markets in Gas Turbines for Latvia between 2021 and 2022 were Canada ($11.9M), Ukraine ($799k), and Sweden ($652k).

Latest Trends

Nov 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 Gas Turbines. 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)$14.4M
IMPORTS (2022)$26.9M
NET TRADE (2022)-$12.5M

In 2022, Latvia exported $14.4M in Gas Turbines. The main destinations of Latvia exports on Gas Turbines were United Kingdom ($7.54M), United States ($4.82M), Ghana ($1.76M), Netherlands ($143k), and Poland ($89.8k).

In 2022, Latvia imported $26.9M in Gas Turbines, mainly from Canada ($12.1M), United States ($10.2M), United Kingdom ($1.48M), Ukraine ($867k), and Sweden ($652k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Ghana$1.76M (1%)
Netherlands$105k (275%)
Ireland$10.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Latvia WERE (2021 - 2022):
United States-$4.51M (-48.3%)
South Africa-$1.84M (-100%)
United Kingdom-$945k (-11.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $4.62M
TOP IMPORT POTENTIALUnited States+ $3.18M

Gas Turbines’s highest export potential is United States. With an export gap of $4.62M.   Gas Turbines’s highest import potential is United States with an import gap of $3.18M.

See methodology.

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