2022
Exports
$1.98MWorld Rnk 47 / 142
Flag Rnk 549 / 1190
2022
PRODUCT COMPLEXITY IN Non-Mechanical Removal Machinery
1.73Rnk 18 / 1025
2022
Imports
$7.38MWorld Rnk 70 / 204
Flag Rnk 430 / 1203

About

Exports In 2022, Latvia exported $1.98M in Non-Mechanical Removal Machinery, making it the 47th largest exporter of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 549th most exported product in Latvia. The main destination of Non-Mechanical Removal Machinery exports from Latvia are: Lithuania ($1.35M), Vietnam ($281k), Germany ($167k), Denmark ($107k), and Netherlands ($27.4k).

The fastest growing export markets for Non-Mechanical Removal Machinery of Latvia between 2021 and 2022 were Vietnam ($281k), Germany ($117k), and Denmark ($107k).

Imports In 2022, Latvia imported $7.38M in Non-Mechanical Removal Machinery, becoming the 70th largest importer of Non-Mechanical Removal Machinery in the world. At the same year, Non-Mechanical Removal Machinery was the 430th most imported product in Latvia. Latvia imports Non-Mechanical Removal Machinery primarily from: Switzerland ($2.05M), Germany ($1.74M), China ($910k), Italy ($818k), and Lithuania ($550k).

The fastest growing import markets in Non-Mechanical Removal Machinery for Latvia between 2021 and 2022 were Italy ($571k), Switzerland ($547k), and Lithuania ($340k).

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 Non-Mechanical Removal Machinery. 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)$1.98M
IMPORTS (2022)$7.38M
NET TRADE (2022)-$5.4M

In 2022, Latvia exported $1.98M in Non-Mechanical Removal Machinery. The main destinations of Latvia exports on Non-Mechanical Removal Machinery were Lithuania ($1.35M), Vietnam ($281k), Germany ($167k), Denmark ($107k), and Netherlands ($27.4k).

In 2022, Latvia imported $7.38M in Non-Mechanical Removal Machinery, mainly from Switzerland ($2.05M), Germany ($1.74M), China ($910k), Italy ($818k), and Lithuania ($550k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Mechanical Removal Machinery EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Vietnam$281k (1%)
Germany$117k (236%)
Denmark$107k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Mechanical Removal Machinery BY Latvia WERE (2021 - 2022):
Lithuania-$1.29M (-48.9%)
New Zealand-$26.5k (-100%)
Estonia-$20k (-59.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Non-Mechanical Removal Machinery were:
China $1.83B
Japan $1.31B
Germany $1.19B
In 2022, Latvia's main importing competitors in Non-Mechanical Removal Machinery were:

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Trade Value of Non-Mechanical Removal Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $177k
TOP IMPORT POTENTIALChina+ $617k

Non-Mechanical Removal Machinery’s highest export potential is Germany. With an export gap of $177k.   Non-Mechanical Removal Machinery’s highest import potential is China with an import gap of $617k.

See methodology.

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