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2022
Exports $76.9kWorld Rnk 61 / 134
Flag Rnk 964 / 1190
2022
Destination $13.5k Greece
2021 - 2022
FASTEST GROWING MARKET $13.5kHungary
2022
PRODUCT COMPLEXITY IN Photo Lab Equipment2.12Rnk 3 / 1025
2022
Imports $471kWorld Rnk 83 / 203
Flag Rnk 928 / 1203
2022
Origin $182k Finland
2021 - 2022
FASTEST GROWING ORIGIN $182kFinland

About

Exports In 2022, Latvia exported $76.9k in Photo Lab Equipment, making it the 61st largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 964th most exported product in Latvia. The main destination of Photo Lab Equipment exports from Latvia are: Greece ($20k), Estonia ($19.1k), Hungary ($13.5k), Lithuania ($8.5k), and Chinese Taipei ($3.69k).

The fastest growing export markets for Photo Lab Equipment of Latvia between 2021 and 2022 were Hungary ($13.5k), Chinese Taipei ($3.69k), and Austria ($1.03k).

Imports In 2022, Latvia imported $471k in Photo Lab Equipment, becoming the 83rd largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 928th most imported product in Latvia. Latvia imports Photo Lab Equipment primarily from: Finland ($188k), Italy ($74.6k), Lithuania ($34.9k), Germany ($31.5k), and United States ($27.4k).

The fastest growing import markets in Photo Lab Equipment for Latvia between 2021 and 2022 were Finland ($182k), United States ($24.1k), and United Kingdom ($20.6k).

Latest Trends

Jul 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 Photo Lab Equipment. 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)$76.9k
IMPORTS (2022)$471k
NET TRADE (2022)-$394k

In 2022, Latvia exported $76.9k in Photo Lab Equipment. The main destinations of Latvia exports on Photo Lab Equipment were Greece ($20k), Estonia ($19.1k), Hungary ($13.5k), Lithuania ($8.5k), and Chinese Taipei ($3.69k).

In 2022, Latvia imported $471k in Photo Lab Equipment, mainly from Finland ($188k), Italy ($74.6k), Lithuania ($34.9k), Germany ($31.5k), and United States ($27.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Hungary$13.5k (1%)
Chinese Taipei$3.69k (1%)
Austria$1.03k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY Latvia WERE (2021 - 2022):
Denmark-$436k (-99.5%)
Greece-$67.1k (-77.1%)
Estonia-$54.3k (-74%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Photo Lab Equipment were:
Netherlands $7.53B
Singapore $2.56B
Chinese Taipei $2.26B
In 2022, Latvia's main importing competitors in Photo Lab Equipment were:
Chinese Taipei $14.6B
China $819M
Singapore $559M

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Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.76k
TOP IMPORT POTENTIALChina+ $20.5k

Photo Lab Equipment’s highest export potential is Netherlands. With an export gap of $2.76k.   Photo Lab Equipment’s highest import potential is China with an import gap of $20.5k.

See methodology.

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