2022
Exports
$1.79MWorld Rnk 42 / 93
Flag Rnk 570 / 1190
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines
2.21Rnk 2 / 1025
2022
Imports
$6.94MWorld Rnk 63 / 169
Flag Rnk 453 / 1203

About

Exports In 2022, Latvia exported $1.79M in Metalworking Transfer Machines, making it the 42nd largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 570th most exported product in Latvia. The main destination of Metalworking Transfer Machines exports from Latvia are: Lithuania ($873k), Czechia ($509k), Estonia ($196k), Netherlands ($77k), and Sweden ($53.4k).

The fastest growing export markets for Metalworking Transfer Machines of Latvia between 2021 and 2022 were Czechia ($509k), Lithuania ($237k), and Sweden ($53.4k).

Imports In 2022, Latvia imported $6.94M in Metalworking Transfer Machines, becoming the 63rd largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 453rd most imported product in Latvia. Latvia imports Metalworking Transfer Machines primarily from: Germany ($2.92M), Italy ($1.41M), Japan ($472k), Belgium ($446k), and Lithuania ($396k).

The fastest growing import markets in Metalworking Transfer Machines for Latvia between 2021 and 2022 were Italy ($1.23M), Switzerland ($337k), and United States ($255k).

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 Metalworking Transfer Machines. 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)$1.79M
IMPORTS (2022)$6.94M
NET TRADE (2022)-$5.15M

In 2022, Latvia exported $1.79M in Metalworking Transfer Machines. The main destinations of Latvia exports on Metalworking Transfer Machines were Lithuania ($873k), Czechia ($509k), Estonia ($196k), Netherlands ($77k), and Sweden ($53.4k).

In 2022, Latvia imported $6.94M in Metalworking Transfer Machines, mainly from Germany ($2.92M), Italy ($1.41M), Japan ($472k), Belgium ($446k), and Lithuania ($396k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Czechia$509k (1%)
Lithuania$237k (37.2%)
Sweden$53.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Latvia WERE (2021 - 2022):
Russia-$629k (-100%)
Estonia-$130k (-39.8%)
Ireland-$83.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Metalworking Transfer Machines were:
In 2022, Latvia's main importing competitors in Metalworking Transfer Machines were:

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $47k
TOP IMPORT POTENTIALJapan+ $325k

Metalworking Transfer Machines’s highest export potential is Netherlands. With an export gap of $47k.   Metalworking Transfer Machines’s highest import potential is Japan with an import gap of $325k.

See methodology.

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