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Exports In 2022, Latvia exported $35.6M in LCDs, making it the 35th largest exporter of LCDs in the world. At the same year, LCDs was the 114th most exported product in Latvia. The main destination of LCDs exports from Latvia are: United States ($12.6M), United Kingdom ($3.78M), Austria ($3.19M), Poland ($2.43M), and Czechia ($1.73M).

The fastest growing export markets for LCDs of Latvia between 2021 and 2022 were United States ($12M), Austria ($2.5M), and United Kingdom ($2.36M).

Imports In 2022, Latvia imported $24.1M in LCDs, becoming the 48th largest importer of LCDs in the world. At the same year, LCDs was the 220th most imported product in Latvia. Latvia imports LCDs primarily from: Belarus ($9.37M), Greece ($6.9M), Germany ($2.43M), China ($1.08M), and United States ($824k).

The fastest growing import markets in LCDs for Latvia between 2021 and 2022 were Belarus ($6.16M), Germany ($1.78M), and Netherlands ($195k).

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 LCDs. 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)$35.6M
IMPORTS (2022)$24.1M
NET TRADE (2022)$11.4M

In 2022, Latvia exported $35.6M in LCDs. The main destinations of Latvia exports on LCDs were United States ($12.6M), United Kingdom ($3.78M), Austria ($3.19M), Poland ($2.43M), and Czechia ($1.73M).

In 2022, Latvia imported $24.1M in LCDs, mainly from Belarus ($9.37M), Greece ($6.9M), Germany ($2.43M), China ($1.08M), and United States ($824k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING LCDs EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
United States$12M (2.14k%)
Austria$2.5M (365%)
United Kingdom$2.36M (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF LCDs BY Latvia WERE (2021 - 2022):
Germany-$594k (-54.8%)
Croatia-$464k (-48.2%)
Switzerland-$97.5k (-23.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of LCDs by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $3.6M
TOP IMPORT POTENTIALChina+ $1.21M

LCDs’s highest export potential is United States. With an export gap of $3.6M.   LCDs’s highest import potential is China with an import gap of $1.21M.

See methodology.

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