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Exports In 2023, Latvia exported $1.88k in Felt Machinery, making it the 75th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 1134th most exported product in Latvia. The main destination of Felt Machinery exports from Latvia are: Turkey ($1.58k), United Arab Emirates ($194), Estonia ($81), and Netherlands ($25).

The fastest growing export markets for Felt Machinery of Latvia between 2022 and 2023 were Turkey ($1.58k), United Arab Emirates ($194), and Estonia ($31).

Imports In 2023, Latvia imported $466k in Felt Machinery, becoming the 66th largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 902nd most imported product in Latvia. Latvia imports Felt Machinery primarily from: Germany ($298k), Netherlands ($134k), China ($30.3k), Italy ($3.19k), and Denmark ($124).

The fastest growing import markets in Felt Machinery for Latvia between 2022 and 2023 were Germany ($292k), Netherlands ($134k), and Italy ($2.93k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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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 Felt Machinery. 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)$1.88k
IMPORTS (2023)$466k
NET TRADE (2023)-$464k

In 2023, Latvia exported $1.88k in Felt Machinery. The main destinations of Latvia exports on Felt Machinery were Turkey ($1.58k), United Arab Emirates ($194), Estonia ($81), and Netherlands ($25).

In 2023, Latvia imported $466k in Felt Machinery, mainly from Germany ($298k), Netherlands ($134k), China ($30.3k), Italy ($3.19k), and Denmark ($124).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Turkey$1.58k (1%)
Estonia$31 (62%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Latvia's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Latvia's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $375
TOP IMPORT POTENTIALChina+ $30.5k

Felt Machinery’s highest export potential is China. With an export gap of $375.   Felt Machinery’s highest import potential is China with an import gap of $30.5k.

See methodology.

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