2023
Exports
$193kWorld Rnk 65 / 148
Flag Rnk 870 / 1196
2023
PRODUCT COMPLEXITY IN Rolling Machines
1.88Rnk 5 / 1025
2023
Imports
$1.07MWorld Rnk 84 / 203
Flag Rnk 780 / 1206

About

Exports In 2023, Latvia exported $193k in Rolling Machines, making it the 65th largest exporter of Rolling Machines in the world. At the same year, Rolling Machines was the 870th most exported product in Latvia. The main destination of Rolling Machines exports from Latvia are: Estonia ($159k), Russia ($16.3k), Lithuania ($10.5k), Finland ($5.1k), and Netherlands ($2.61k).

The fastest growing export markets for Rolling Machines of Latvia between 2022 and 2023 were Estonia ($155k), Russia ($11k), and Finland ($5.1k).

Imports In 2023, Latvia imported $1.07M in Rolling Machines, becoming the 84th largest importer of Rolling Machines in the world. At the same year, Rolling Machines was the 780th most imported product in Latvia. Latvia imports Rolling Machines primarily from: Spain ($627k), Germany ($140k), China ($68.6k), Netherlands ($55k), and Belgium ($52.8k).

The fastest growing import markets in Rolling Machines for Latvia between 2022 and 2023 were Spain ($627k), Germany ($135k), and China ($65.8k).

Latest Trends

Dec 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 Rolling 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 (2023)$193k
IMPORTS (2023)$1.07M
NET TRADE (2023)-$879k

In 2023, Latvia exported $193k in Rolling Machines. The main destinations of Latvia exports on Rolling Machines were Estonia ($159k), Russia ($16.3k), Lithuania ($10.5k), Finland ($5.1k), and Netherlands ($2.61k).

In 2023, Latvia imported $1.07M in Rolling Machines, mainly from Spain ($627k), Germany ($140k), China ($68.6k), Netherlands ($55k), and Belgium ($52.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rolling Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Estonia$155k (3.85k%)
Russia$11k (209%)
Finland$5.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rolling Machines BY Latvia WERE (2022 - 2023):
Bulgaria-$15.9k (-100%)
Georgia-$1.33k (-100%)
Lithuania-$1.15k (-9.89%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Rolling Machines were:
In 2023, Latvia's main importing competitors in Rolling Machines were:

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Trade Value of Rolling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $6.35k
TOP IMPORT POTENTIALGermany+ $29.4k

Rolling Machines’s highest export potential is Russia. With an export gap of $6.35k.   Rolling Machines’s highest import potential is Germany with an import gap of $29.4k.

See methodology.

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