2022
Exports
$701kWorld Rnk 60 / 145
Flag Rnk 713 / 1190
2022
PRODUCT COMPLEXITY IN Electrical Insulators
0.63Rnk 303 / 1025
2022
Imports
$1.78MWorld Rnk 94 / 207
Flag Rnk 712 / 1203

About

Exports In 2022, Latvia exported $701k in Electrical Insulators, making it the 60th largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 713th most exported product in Latvia. The main destination of Electrical Insulators exports from Latvia are: India ($484k), Lithuania ($79.7k), Montenegro ($46.6k), Estonia ($45.6k), and Denmark ($21.1k).

The fastest growing export markets for Electrical Insulators of Latvia between 2021 and 2022 were Lithuania ($53k), Montenegro ($46.6k), and Denmark ($18.6k).

Imports In 2022, Latvia imported $1.78M in Electrical Insulators, becoming the 94th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 712th most imported product in Latvia. Latvia imports Electrical Insulators primarily from: China ($518k), Russia ($368k), Estonia ($196k), Poland ($107k), and Lithuania ($105k).

The fastest growing import markets in Electrical Insulators for Latvia between 2021 and 2022 were China ($424k), Russia ($118k), and Italy ($74.7k).

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 Electrical Insulators. 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)$701k
IMPORTS (2022)$1.78M
NET TRADE (2022)-$1.08M

In 2022, Latvia exported $701k in Electrical Insulators. The main destinations of Latvia exports on Electrical Insulators were India ($484k), Lithuania ($79.7k), Montenegro ($46.6k), Estonia ($45.6k), and Denmark ($21.1k).

In 2022, Latvia imported $1.78M in Electrical Insulators, mainly from China ($518k), Russia ($368k), Estonia ($196k), Poland ($107k), and Lithuania ($105k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$53k (198%)
Montenegro$46.6k (1%)
Denmark$18.6k (750%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Latvia WERE (2021 - 2022):
India-$532k (-52.4%)
Estonia-$131k (-74.1%)
Belarus-$32.8k (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Electrical Insulators were:
In 2022, Latvia's main importing competitors in Electrical Insulators were:

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $14.6k
TOP IMPORT POTENTIALChina+ $168k

Electrical Insulators’s highest export potential is Russia. With an export gap of $14.6k.   Electrical Insulators’s highest import potential is China with an import gap of $168k.

See methodology.

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