2023
Exports
$220MWorld Rnk 40 / 221
Flag Rnk 17 / 1196
2023
PRODUCT COMPLEXITY IN Other Furniture
0.25Rnk 478 / 1025
2023
Imports
$128MWorld Rnk 61 / 226
Flag Rnk 32 / 1206

About

Exports In 2023, Latvia exported $220M in Other Furniture, making it the 40th largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 17th most exported product in Latvia. The main destination of Other Furniture exports from Latvia are: Denmark ($62.3M), Germany ($21.3M), France ($13.1M), Sweden ($13M), and Norway ($12.5M).

The fastest growing export markets for Other Furniture of Latvia between 2022 and 2023 were Russia ($1.61M), Georgia ($526k), and Germany ($447k).

Imports In 2023, Latvia imported $128M in Other Furniture, becoming the 61st largest importer of Other Furniture in the world. At the same year, Other Furniture was the 32nd most imported product in Latvia. Latvia imports Other Furniture primarily from: Poland ($35.9M), Lithuania ($23.4M), Italy ($14.2M), Germany ($8.9M), and China ($7.22M).

The fastest growing import markets in Other Furniture for Latvia between 2022 and 2023 were Italy ($7.42M), Lithuania ($2.21M), and Belgium ($707k).

Latest Trends

Jan 2025

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 Other Furniture. 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)$220M
IMPORTS (2023)$128M
NET TRADE (2023)$92.1M

In 2023, Latvia exported $220M in Other Furniture. The main destinations of Latvia exports on Other Furniture were Denmark ($62.3M), Germany ($21.3M), France ($13.1M), Sweden ($13M), and Norway ($12.5M).

In 2023, Latvia imported $128M in Other Furniture, mainly from Poland ($35.9M), Lithuania ($23.4M), Italy ($14.2M), Germany ($8.9M), and China ($7.22M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Russia$1.61M (25.3%)
Georgia$526k (145%)
Germany$447k (2.14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY Latvia WERE (2022 - 2023):
Denmark-$10.9M (-14.8%)
Estonia-$7.44M (-60.7%)
United States-$5.92M (-32.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Other Furniture were:
China $27.1B
Vietnam $8.56B
Germany $7.79B
In 2023, Latvia's main importing competitors in Other Furniture were:

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.5M
TOP IMPORT POTENTIALChina+ $9.8M

Other Furniture’s highest export potential is United States. With an export gap of $23.5M.   Other Furniture’s highest import potential is China with an import gap of $9.8M.

See methodology.

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