2022
Exports | Imports
$1.3M | $2.11MWorld Rnk 34 / 119
Flag Rnk 626 / 1190
World Rnk 76 / 178
Flag Rnk 676 / 1203
2022
PRODUCT COMPLEXITY IN Textile Fiber Machinery
1.57Rnk 35 / 1025

About

Exports In 2022, Latvia exported $1.3M in Textile Fiber Machinery, making it the 34th largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 626th most exported product in Latvia. The main destination of Textile Fiber Machinery exports from Latvia are: Uzbekistan ($1.28M), United Kingdom ($17.5k), Netherlands ($5.28k), Switzerland ($1.09k), and Denmark ($86).

The fastest growing export markets for Textile Fiber Machinery of Latvia between 2021 and 2022 were Uzbekistan ($1.19M), United Kingdom ($17.5k), and Netherlands ($5.28k).

Imports In 2022, Latvia imported $2.11M in Textile Fiber Machinery, becoming the 76th largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 676th most imported product in Latvia. Latvia imports Textile Fiber Machinery primarily from: Germany ($732k), China ($561k), India ($558k), Italy ($145k), and France ($92.4k).

The fastest growing import markets in Textile Fiber Machinery for Latvia between 2021 and 2022 were India ($555k), China ($284k), and Germany ($219k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Textile Fiber Machinery 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 Textile Fiber 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)$1.3M
IMPORTS (2022)$2.11M
NET TRADE (2022)-$806k

In 2022, Latvia exported $1.3M in Textile Fiber Machinery. The main destinations of Latvia exports on Textile Fiber Machinery were Uzbekistan ($1.28M), United Kingdom ($17.5k), Netherlands ($5.28k), Switzerland ($1.09k), and Denmark ($86).

In 2022, Latvia imported $2.11M in Textile Fiber Machinery, mainly from Germany ($732k), China ($561k), India ($558k), Italy ($145k), and France ($92.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Uzbekistan$1.19M (1.28k%)
United Kingdom$17.5k (1%)
Netherlands$5.28k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Latvia WERE (2021 - 2022):Lithuania-$90.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Textile Fiber Machinery were:
China $1.08B
Japan $807M
In 2022, Latvia's main importing competitors in Textile Fiber Machinery were:
China $687M
India $547M

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Trade Value of Textile Fiber Machinery by Exporters

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