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Exports In 2023, Latvia exported $438k in Time Switches, making it the 36th largest exporter of Time Switches in the world. At the same year, Time Switches was the 767th most exported product in Latvia. The main destination of Time Switches exports from Latvia are: Germany ($156k), Netherlands ($113k), Lithuania ($105k), Estonia ($22.7k), and France ($17.6k).

The fastest growing export markets for Time Switches of Latvia between 2022 and 2023 were Germany ($75.2k), France ($7.67k), and Netherlands ($4.66k).

Imports In 2023, Latvia imported $877k in Time Switches, becoming the 61st largest importer of Time Switches in the world. At the same year, Time Switches was the 816th most imported product in Latvia. Latvia imports Time Switches primarily from: Estonia ($518k), Germany ($166k), Poland ($82.1k), Hungary ($33.6k), and Lithuania ($29.3k).

The fastest growing import markets in Time Switches for Latvia between 2022 and 2023 were Lithuania ($15.8k), Poland ($12.3k), and France ($7.41k).

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 Time Switches. 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)$438k
IMPORTS (2023)$877k
NET TRADE (2023)-$439k

In 2023, Latvia exported $438k in Time Switches. The main destinations of Latvia exports on Time Switches were Germany ($156k), Netherlands ($113k), Lithuania ($105k), Estonia ($22.7k), and France ($17.6k).

In 2023, Latvia imported $877k in Time Switches, mainly from Estonia ($518k), Germany ($166k), Poland ($82.1k), Hungary ($33.6k), and Lithuania ($29.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Germany$75.2k (93.1%)
France$7.67k (77.5%)
Netherlands$4.66k (4.32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Latvia WERE (2022 - 2023):
Egypt-$37.6k (-99.7%)
United States-$20.2k (-100%)
Lithuania-$9.5k (-8.27%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Time Switches were:
China $152M
Mexico $63.1M
Germany $52.8M
In 2023, Latvia's main importing competitors in Time Switches were:

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $26.3k
TOP IMPORT POTENTIALChina+ $11.2k

Time Switches’s highest export potential is United States. With an export gap of $26.3k.   Time Switches’s highest import potential is China with an import gap of $11.2k.

See methodology.

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