2023
Exports
$560kWorld Rnk 51 / 113
Flag Rnk 731 / 1196
2023
PRODUCT COMPLEXITY IN Glass Working Machines
1.27Rnk 83 / 1025
2023
Imports
$1.66MWorld Rnk 76 / 180
Flag Rnk 718 / 1206

About

Exports In 2023, Latvia exported $560k in Glass Working Machines, making it the 51st largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 731st most exported product in Latvia. The main destination of Glass Working Machines exports from Latvia are: Finland ($222k), Estonia ($139k), Sweden ($85.8k), Germany ($49.7k), and Bulgaria ($28.4k).

The fastest growing export markets for Glass Working Machines of Latvia between 2022 and 2023 were Estonia ($139k), Germany ($49.7k), and Bulgaria ($28.4k).

Imports In 2023, Latvia imported $1.66M in Glass Working Machines, becoming the 76th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 718th most imported product in Latvia. Latvia imports Glass Working Machines primarily from: Germany ($832k), Belgium ($485k), Lithuania ($123k), United Kingdom ($98.3k), and Finland ($53.3k).

The fastest growing import markets in Glass Working Machines for Latvia between 2022 and 2023 were Germany ($510k), Lithuania ($123k), and United Kingdom ($84.5k).

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 Glass Working Machines. 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)$560k
IMPORTS (2023)$1.66M
NET TRADE (2023)-$1.1M

In 2023, Latvia exported $560k in Glass Working Machines. The main destinations of Latvia exports on Glass Working Machines were Finland ($222k), Estonia ($139k), Sweden ($85.8k), Germany ($49.7k), and Bulgaria ($28.4k).

In 2023, Latvia imported $1.66M in Glass Working Machines, mainly from Germany ($832k), Belgium ($485k), Lithuania ($123k), United Kingdom ($98.3k), and Finland ($53.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Estonia$139k (1%)
Germany$49.7k (1%)
Bulgaria$28.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Latvia WERE (2022 - 2023):
Finland-$194k (-46.6%)
Sweden-$117k (-57.7%)
Russia-$39.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Glass Working Machines were:
In 2023, Latvia's main importing competitors in Glass Working Machines were:

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $46k
TOP IMPORT POTENTIALChina+ $149k

Glass Working Machines’s highest export potential is Russia. With an export gap of $46k.   Glass Working Machines’s highest import potential is China with an import gap of $149k.

See methodology.

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