2022
Exports
$4.3MWorld Rnk 63 / 187
Flag Rnk 410 / 1190
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery
1.71Rnk 22 / 1025
2022
Imports
$18.8MWorld Rnk 98 / 213
Flag Rnk 259 / 1203

About

Exports In 2022, Latvia exported $4.3M in Rubberworking Machinery, making it the 63rd largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 410th most exported product in Latvia. The main destination of Rubberworking Machinery exports from Latvia are: Lithuania ($1.85M), Finland ($1.08M), Denmark ($461k), Sweden ($297k), and Russia ($177k).

The fastest growing export markets for Rubberworking Machinery of Latvia between 2021 and 2022 were Finland ($993k), Sweden ($292k), and Denmark ($173k).

Imports In 2022, Latvia imported $18.8M in Rubberworking Machinery, becoming the 98th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 259th most imported product in Latvia. Latvia imports Rubberworking Machinery primarily from: Germany ($5.79M), Italy ($4.25M), China ($3.34M), Austria ($1.23M), and Slovenia ($1.03M).

The fastest growing import markets in Rubberworking Machinery for Latvia between 2021 and 2022 were Germany ($4.13M), Italy ($2.14M), and Slovenia ($1M).

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 Rubberworking 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)$4.3M
IMPORTS (2022)$18.8M
NET TRADE (2022)-$14.5M

In 2022, Latvia exported $4.3M in Rubberworking Machinery. The main destinations of Latvia exports on Rubberworking Machinery were Lithuania ($1.85M), Finland ($1.08M), Denmark ($461k), Sweden ($297k), and Russia ($177k).

In 2022, Latvia imported $18.8M in Rubberworking Machinery, mainly from Germany ($5.79M), Italy ($4.25M), China ($3.34M), Austria ($1.23M), and Slovenia ($1.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Finland$993k (1.21k%)
Sweden$292k (5.72k%)
Denmark$173k (60.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Latvia WERE (2021 - 2022):
Russia-$2.16M (-92.4%)
Italy-$333k (-99%)
Poland-$270k (-98.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Rubberworking Machinery were:
China $7.21B
Japan $2.29B
In 2022, Latvia's main importing competitors in Rubberworking Machinery were:

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $294k
TOP IMPORT POTENTIALChina+ $1.69M

Rubberworking Machinery’s highest export potential is Russia. With an export gap of $294k.   Rubberworking Machinery’s highest import potential is China with an import gap of $1.69M.

See methodology.

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