About

Exports In 2022, Latvia exported $100M in Medical Instruments, making it the 51st largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 42nd most exported product in Latvia. The main destination of Medical Instruments exports from Latvia are: United States ($17.3M), Belarus ($12.4M), Lithuania ($10.4M), Italy ($9.95M), and Russia ($8.89M).

The fastest growing export markets for Medical Instruments of Latvia between 2021 and 2022 were United States ($6.05M), Lithuania ($4.81M), and Russia ($2.21M).

Imports In 2022, Latvia imported $111M in Medical Instruments, becoming the 74th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 42nd most imported product in Latvia. Latvia imports Medical Instruments primarily from: Netherlands ($28.6M), Germany ($25.6M), Lithuania ($8.48M), United States ($6.04M), and Italy ($4.93M).

The fastest growing import markets in Medical Instruments for Latvia between 2021 and 2022 were Netherlands ($4.79M), United States ($2.3M), and Poland ($942k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Medical Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$100M
IMPORTS (2022)$111M
NET TRADE (2022)-$10.9M

In 2022, Latvia exported $100M in Medical Instruments. The main destinations of Latvia exports on Medical Instruments were United States ($17.3M), Belarus ($12.4M), Lithuania ($10.4M), Italy ($9.95M), and Russia ($8.89M).

In 2022, Latvia imported $111M in Medical Instruments, mainly from Netherlands ($28.6M), Germany ($25.6M), Lithuania ($8.48M), United States ($6.04M), and Italy ($4.93M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
United States$6.05M (53.7%)
Lithuania$4.81M (86.4%)
Russia$2.21M (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Latvia WERE (2021 - 2022):
France-$2.13M (-94.1%)
United Kingdom-$1.88M (-56.9%)
Japan-$1.54M (-23.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Latvia's main exporting competitors in Medical Instruments were:
In 2022, Latvia's main importing competitors in Medical Instruments were:

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.5M
TOP IMPORT POTENTIALGermany+ $6.05M

Medical Instruments’s highest export potential is United States. With an export gap of $15.5M.   Medical Instruments’s highest import potential is Germany with an import gap of $6.05M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with