2022
Exports
$40.9kWorld Rnk 73 / 116
Flag Rnk 1017 / 1190
2022
PRODUCT COMPLEXITY IN Hydraulic Turbines
-0.028Rnk 553 / 1025
2022
Imports
$594kWorld Rnk 90 / 195
Flag Rnk 891 / 1203

About

Exports In 2022, Latvia exported $40.9k in Hydraulic Turbines, making it the 73rd largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 1017th most exported product in Latvia. The main destination of Hydraulic Turbines exports from Latvia are: Spain ($29.3k), Estonia ($8.99k), Lithuania ($2.56k), and Netherlands ($14).

The fastest growing export markets for Hydraulic Turbines of Latvia between 2021 and 2022 were Spain ($29.3k), Estonia ($8.99k), and Lithuania ($2.56k).

Imports In 2022, Latvia imported $594k in Hydraulic Turbines, becoming the 90th largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 891st most imported product in Latvia. Latvia imports Hydraulic Turbines primarily from: Germany ($214k), Netherlands ($212k), Lithuania ($108k), Poland ($43.2k), and Spain ($6.47k).

The fastest growing import markets in Hydraulic Turbines for Latvia between 2021 and 2022 were Germany ($213k), Netherlands ($212k), and Lithuania ($108k).

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 Hydraulic 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)$40.9k
IMPORTS (2022)$594k
NET TRADE (2022)-$553k

In 2022, Latvia exported $40.9k in Hydraulic Turbines. The main destinations of Latvia exports on Hydraulic Turbines were Spain ($29.3k), Estonia ($8.99k), Lithuania ($2.56k), and Netherlands ($14).

In 2022, Latvia imported $594k in Hydraulic Turbines, mainly from Germany ($214k), Netherlands ($212k), Lithuania ($108k), Poland ($43.2k), and Spain ($6.47k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Spain$29.3k (1%)
Estonia$8.99k (1%)
Lithuania$2.56k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY Latvia WERE (2021 - 2022):
Italy-$4.52k (-100%)
Netherlands-$57 (-80.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hydraulic Turbines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $894
TOP IMPORT POTENTIALAustria+ $9.16k

Hydraulic Turbines’s highest export potential is Russia. With an export gap of $894.   Hydraulic Turbines’s highest import potential is Austria with an import gap of $9.16k.

See methodology.

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