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Exports In 2022, Latvia exported $8.63M in Buses, making it the 57th largest exporter of Buses in the world. At the same year, Buses was the 310th most exported product in Latvia. The main destination of Buses exports from Latvia are: Lithuania ($3.29M), Sweden ($3M), Switzerland ($735k), Estonia ($559k), and Poland ($340k).

The fastest growing export markets for Buses of Latvia between 2021 and 2022 were Sweden ($2.31M), Lithuania ($1.55M), and Switzerland ($735k).

Imports In 2022, Latvia imported $66.1M in Buses, becoming the 54th largest importer of Buses in the world. At the same year, Buses was the 87th most imported product in Latvia. Latvia imports Buses primarily from: Poland ($43.8M), Finland ($7.9M), Estonia ($4.4M), Lithuania ($3.34M), and Turkey ($2.8M).

The fastest growing import markets in Buses for Latvia between 2021 and 2022 were Poland ($42.4M), Finland ($7.61M), and Lithuania ($1.2M).

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 Buses. 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)$8.63M
IMPORTS (2022)$66.1M
NET TRADE (2022)-$57.5M

In 2022, Latvia exported $8.63M in Buses. The main destinations of Latvia exports on Buses were Lithuania ($3.29M), Sweden ($3M), Switzerland ($735k), Estonia ($559k), and Poland ($340k).

In 2022, Latvia imported $66.1M in Buses, mainly from Poland ($43.8M), Finland ($7.9M), Estonia ($4.4M), Lithuania ($3.34M), and Turkey ($2.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$2.31M (333%)
Lithuania$1.55M (89.2%)
Switzerland$735k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Latvia WERE (2021 - 2022):
Estonia-$19.2M (-97.2%)
Germany-$613k (-73%)
Greece-$117k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Latvia's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $471k
TOP IMPORT POTENTIALTurkey+ $1.35M

Buses’s highest export potential is Germany. With an export gap of $471k.   Buses’s highest import potential is Turkey with an import gap of $1.35M.

See methodology.

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