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Exports In 2022, Latvia exported $1.49M in Watch Movements, making it the 21st largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 609th most exported product in Latvia. The main destination of Watch Movements exports from Latvia are: Lithuania ($1.47M), United States ($10.5k), United Kingdom ($8.32k), and Netherlands ($989).

The fastest growing export markets for Watch Movements of Latvia between 2021 and 2022 were Lithuania ($770k), United States ($10.5k), and United Kingdom ($4.65k).

Imports In 2022, Latvia imported $46k in Watch Movements, becoming the 91st largest importer of Watch Movements in the world. At the same year, Watch Movements was the 1098th most imported product in Latvia. Latvia imports Watch Movements primarily from: Hong Kong ($17.7k), Spain ($8.87k), Austria ($7.06k), Germany ($5.63k), and Lithuania ($2.94k).

The fastest growing import markets in Watch Movements for Latvia between 2021 and 2022 were Hong Kong ($17.6k), Spain ($8.87k), and Austria ($7.06k).

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 Watch Movements. 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)$1.49M
IMPORTS (2022)$46k
NET TRADE (2022)$1.44M

In 2022, Latvia exported $1.49M in Watch Movements. The main destinations of Latvia exports on Watch Movements were Lithuania ($1.47M), United States ($10.5k), United Kingdom ($8.32k), and Netherlands ($989).

In 2022, Latvia imported $46k in Watch Movements, mainly from Hong Kong ($17.7k), Spain ($8.87k), Austria ($7.06k), Germany ($5.63k), and Lithuania ($2.94k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$770k (111%)
United States$10.5k (1%)
United Kingdom$4.65k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Latvia WERE (2021 - 2022):Switzerland-$8.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Watch Movements were:
In 2022, Latvia's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $21.5k
TOP IMPORT POTENTIALSwitzerland+ $4.16k

Watch Movements’s highest export potential is United States. With an export gap of $21.5k.   Watch Movements’s highest import potential is Switzerland with an import gap of $4.16k.

See methodology.

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