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Exports In 2022, Latvia exported $6.51M in Locomotive Parts, making it the 51st largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 346th most exported product in Latvia. The main destination of Locomotive Parts exports from Latvia are: Kazakhstan ($1.29M), Estonia ($1.27M), Lithuania ($985k), Poland ($891k), and Germany ($843k).

The fastest growing export markets for Locomotive Parts of Latvia between 2021 and 2022 were Kazakhstan ($1.29M), Germany ($686k), and Estonia ($465k).

Imports In 2022, Latvia imported $33.3M in Locomotive Parts, becoming the 41st largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 171st most imported product in Latvia. Latvia imports Locomotive Parts primarily from: Czechia ($22.2M), Ukraine ($3.41M), Lithuania ($2.12M), Estonia ($1.86M), and Russia ($1.18M).

The fastest growing import markets in Locomotive Parts for Latvia between 2021 and 2022 were Czechia ($17.9M), Ukraine ($1.58M), and Lithuania ($914k).

Latest Trends

Oct 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 Locomotive Parts. 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)$6.51M
IMPORTS (2022)$33.3M
NET TRADE (2022)-$26.8M

In 2022, Latvia exported $6.51M in Locomotive Parts. The main destinations of Latvia exports on Locomotive Parts were Kazakhstan ($1.29M), Estonia ($1.27M), Lithuania ($985k), Poland ($891k), and Germany ($843k).

In 2022, Latvia imported $33.3M in Locomotive Parts, mainly from Czechia ($22.2M), Ukraine ($3.41M), Lithuania ($2.12M), Estonia ($1.86M), and Russia ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Kazakhstan$1.29M (1%)
Germany$686k (437%)
Estonia$465k (57.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Latvia WERE (2021 - 2022):
Uzbekistan-$771k (-98.9%)
Lithuania-$186k (-15.9%)
Sweden-$121k (-80.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Locomotive Parts were:
In 2022, Latvia's main importing competitors in Locomotive Parts were:

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $724k
TOP IMPORT POTENTIALPoland+ $437k

Locomotive Parts’s highest export potential is Germany. With an export gap of $724k.   Locomotive Parts’s highest import potential is Poland with an import gap of $437k.

See methodology.

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