2022
Exports | Imports
$43.9M | $80.8MWorld Rnk 54 / 213
Flag Rnk 92 / 1190
World Rnk 81 / 224
Flag Rnk 67 / 1203
2022
PRODUCT COMPLEXITY IN Refrigerators
0.61Rnk 332 / 1025

About

Exports In 2022, Latvia exported $43.9M in Refrigerators, making it the 54th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 92nd most exported product in Latvia. The main destination of Refrigerators exports from Latvia are: Lithuania ($23M), Estonia ($10.4M), Russia ($2.03M), Poland ($1.96M), and Denmark ($997k).

The fastest growing export markets for Refrigerators of Latvia between 2021 and 2022 were Lithuania ($1.9M), United States ($917k), and Poland ($696k).

Imports In 2022, Latvia imported $80.8M in Refrigerators, becoming the 81st largest importer of Refrigerators in the world. At the same year, Refrigerators was the 67th most imported product in Latvia. Latvia imports Refrigerators primarily from: Poland ($20M), Lithuania ($13.5M), Germany ($7.43M), Italy ($6.67M), and China ($5.18M).

The fastest growing import markets in Refrigerators for Latvia between 2021 and 2022 were Lithuania ($1.31M), Germany ($886k), and Denmark ($517k).

COMPANIES In 2023, leading companies such as RED BULL NORTH AMERICA INC. (17) were at the forefront of shipping Refrigerators from Latvia to the United States.

Latest Trends

Feb 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 Refrigerators. 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)$43.9M
IMPORTS (2022)$80.8M
NET TRADE (2022)-$36.9M

In 2022, Latvia exported $43.9M in Refrigerators. The main destinations of Latvia exports on Refrigerators were Lithuania ($23M), Estonia ($10.4M), Russia ($2.03M), Poland ($1.96M), and Denmark ($997k).

In 2022, Latvia imported $80.8M in Refrigerators, mainly from Poland ($20M), Lithuania ($13.5M), Germany ($7.43M), Italy ($6.67M), and China ($5.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$1.9M (9.05%)
United States$917k (18.6k%)
Poland$696k (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Latvia WERE (2021 - 2022):
Russia-$5.01M (-71.2%)
Denmark-$1.93M (-65.9%)
Estonia-$1.59M (-13.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Latvia's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

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