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Exports In 2022, Latvia exported $107k in Other Musical Instruments, making it the 38th largest exporter of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 938th most exported product in Latvia. The main destination of Other Musical Instruments exports from Latvia are: Hong Kong ($72.4k), Russia ($19.2k), South Korea ($4.26k), Estonia ($2.52k), and United States ($2.07k).

The fastest growing export markets for Other Musical Instruments of Latvia between 2021 and 2022 were Hong Kong ($72.4k), South Korea ($3.68k), and United States ($2.07k).

Imports In 2022, Latvia imported $54.1k in Other Musical Instruments, becoming the 108th largest importer of Other Musical Instruments in the world. At the same year, Other Musical Instruments was the 1092nd most imported product in Latvia. Latvia imports Other Musical Instruments primarily from: Germany ($13k), France ($9.78k), Poland ($5.72k), Estonia ($4.57k), and Netherlands ($4.18k).

The fastest growing import markets in Other Musical Instruments for Latvia between 2021 and 2022 were France ($5.55k), Estonia ($3.92k), and Denmark ($1.69k).

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 Other Musical Instruments. 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)$107k
IMPORTS (2022)$54.1k
NET TRADE (2022)$53.4k

In 2022, Latvia exported $107k in Other Musical Instruments. The main destinations of Latvia exports on Other Musical Instruments were Hong Kong ($72.4k), Russia ($19.2k), South Korea ($4.26k), Estonia ($2.52k), and United States ($2.07k).

In 2022, Latvia imported $54.1k in Other Musical Instruments, mainly from Germany ($13k), France ($9.78k), Poland ($5.72k), Estonia ($4.57k), and Netherlands ($4.18k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Musical Instruments EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Hong Kong$72.4k (1%)
South Korea$3.68k (635%)
United States$2.07k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Musical Instruments BY Latvia WERE (2021 - 2022):
Russia-$103k (-84.3%)
Switzerland-$1.86k (-100%)
Germany-$451 (-92%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Other Musical Instruments were:
In 2022, Latvia's main importing competitors in Other Musical Instruments were:

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Trade Value of Other Musical Instruments by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $4.95k
TOP IMPORT POTENTIALUnited States+ $2k

Other Musical Instruments’s highest export potential is United States. With an export gap of $4.95k.   Other Musical Instruments’s highest import potential is United States with an import gap of $2k.

See methodology.

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