2022
Exports | Imports
$362k | $5.17MWorld Rnk 63 / 160
Flag Rnk 806 / 1190
World Rnk 60 / 202
Flag Rnk 516 / 1203
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.46Rnk 49 / 1025

About

Exports In 2022, Latvia exported $362k in Knitting Machine Accessories, making it the 63rd largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 806th most exported product in Latvia. The main destination of Knitting Machine Accessories exports from Latvia are: Germany ($141k), Russia ($80.5k), Uzbekistan ($54.5k), Poland ($52.6k), and Turkey ($6.59k).

The fastest growing export markets for Knitting Machine Accessories of Latvia between 2021 and 2022 were Poland ($52.6k), Germany ($50.2k), and Russia ($31.4k).

Imports In 2022, Latvia imported $5.17M in Knitting Machine Accessories, becoming the 60th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 516th most imported product in Latvia. Latvia imports Knitting Machine Accessories primarily from: Germany ($3.05M), Czechia ($457k), Poland ($426k), France ($232k), and Italy ($197k).

The fastest growing import markets in Knitting Machine Accessories for Latvia between 2021 and 2022 were Poland ($382k), Bulgaria ($148k), and Lithuania ($102k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Knitting Machine Accessories from Latvia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Knitting Machine Accessories. 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)$362k
IMPORTS (2022)$5.17M
NET TRADE (2022)-$4.81M

In 2022, Latvia exported $362k in Knitting Machine Accessories. The main destinations of Latvia exports on Knitting Machine Accessories were Germany ($141k), Russia ($80.5k), Uzbekistan ($54.5k), Poland ($52.6k), and Turkey ($6.59k).

In 2022, Latvia imported $5.17M in Knitting Machine Accessories, mainly from Germany ($3.05M), Czechia ($457k), Poland ($426k), France ($232k), and Italy ($197k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Poland$52.6k (1%)
Germany$50.2k (55.3%)
Russia$31.4k (64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Latvia WERE (2021 - 2022):
Uzbekistan-$213k (-79.7%)
Italy-$19.7k (-99.9%)
Lithuania-$16.6k (-76.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Knitting Machine Accessories were:
In 2022, Latvia's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

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