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Exports In 2023, Latvia exported $5.16M in Navigation Equipment, making it the 58th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 385th most exported product in Latvia. The main destination of Navigation Equipment exports from Latvia are: Lithuania ($1.09M), Czechia ($895k), France ($688k), Estonia ($286k), and South Korea ($251k).

The fastest growing export markets for Navigation Equipment of Latvia between 2022 and 2023 were Czechia ($862k), France ($604k), and South Korea ($248k).

Imports In 2023, Latvia imported $22.2M in Navigation Equipment, becoming the 65th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 216th most imported product in Latvia. Latvia imports Navigation Equipment primarily from: United States ($10.8M), Lithuania ($2.17M), Netherlands ($1.82M), Poland ($1.54M), and New Zealand ($1.34M).

The fastest growing import markets in Navigation Equipment for Latvia between 2022 and 2023 were United States ($10.4M), New Zealand ($1.34M), and Canada ($1.02M).

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 Navigation Equipment. 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)$5.16M
IMPORTS (2023)$22.2M
NET TRADE (2023)-$17M

In 2023, Latvia exported $5.16M in Navigation Equipment. The main destinations of Latvia exports on Navigation Equipment were Lithuania ($1.09M), Czechia ($895k), France ($688k), Estonia ($286k), and South Korea ($251k).

In 2023, Latvia imported $22.2M in Navigation Equipment, mainly from United States ($10.8M), Lithuania ($2.17M), Netherlands ($1.82M), Poland ($1.54M), and New Zealand ($1.34M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Czechia$862k (2.58k%)
France$604k (718%)
South Korea$248k (10.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Latvia WERE (2022 - 2023):
Russia-$1.58M (-100%)
Lithuania-$548k (-33.4%)
Turkey-$132k (-63.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Navigation Equipment were:
In 2023, Latvia's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $487k
TOP IMPORT POTENTIALChina+ $781k

Navigation Equipment’s highest export potential is Russia. With an export gap of $487k.   Navigation Equipment’s highest import potential is China with an import gap of $781k.

See methodology.

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