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Exports In 2023, Latvia exported $140k in Artificial Fur, making it the 36th largest exporter of Artificial Fur in the world. At the same year, Artificial Fur was the 903rd most exported product in Latvia. The main destination of Artificial Fur exports from Latvia are: Russia ($133k), Germany ($1.92k), Italy ($1.79k), Czechia ($1.45k), and Norway ($1.08k).

The fastest growing export markets for Artificial Fur of Latvia between 2022 and 2023 were Russia ($50.8k), Germany ($1.92k), and Czechia ($1.45k).

Imports In 2023, Latvia imported $234k in Artificial Fur, becoming the 49th largest importer of Artificial Fur in the world. At the same year, Artificial Fur was the 983rd most imported product in Latvia. Latvia imports Artificial Fur primarily from: Italy ($161k), China ($35.9k), Estonia ($17k), Poland ($7.15k), and Germany ($5.13k).

The fastest growing import markets in Artificial Fur for Latvia between 2022 and 2023 were Italy ($71.7k), China ($35.7k), and Serbia ($3.42k).

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 Artificial Fur. 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)$140k
IMPORTS (2023)$234k
NET TRADE (2023)-$93.7k

In 2023, Latvia exported $140k in Artificial Fur. The main destinations of Latvia exports on Artificial Fur were Russia ($133k), Germany ($1.92k), Italy ($1.79k), Czechia ($1.45k), and Norway ($1.08k).

In 2023, Latvia imported $234k in Artificial Fur, mainly from Italy ($161k), China ($35.9k), Estonia ($17k), Poland ($7.15k), and Germany ($5.13k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Fur EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Russia$50.8k (61.5%)
Germany$1.92k (1%)
Czechia$1.45k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Fur BY Latvia WERE (2022 - 2023):
Netherlands-$12.2k (-99.4%)
Lithuania-$630 (-90.4%)
Italy-$557 (-23.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Artificial Fur were:
China $64.7M
Italy $9.49M
In 2023, Latvia's main importing competitors in Artificial Fur were:

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Trade Value of Artificial Fur by Exporters

Potential Exports

Potential Exports

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Artificial Fur’s highest export potential is N/A. With an export gap of N/A.   Artificial Fur’s highest import potential is N/A with an import gap of N/A.

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