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Exports In 2023, Latvia exported $5.96M in Other Hand Tools, making it the 51st largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 355th most exported product in Latvia. The main destination of Other Hand Tools exports from Latvia are: Lithuania ($1.47M), United States ($1.02M), United Kingdom ($606k), Estonia ($518k), and Russia ($517k).

The fastest growing export markets for Other Hand Tools of Latvia between 2022 and 2023 were United States ($568k), Italy ($163k), and Lithuania ($127k).

Imports In 2023, Latvia imported $15.1M in Other Hand Tools, becoming the 72nd largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 279th most imported product in Latvia. Latvia imports Other Hand Tools primarily from: Poland ($3.61M), Lithuania ($3.13M), Germany ($2.38M), China ($1.69M), and Estonia ($1.08M).

The fastest growing import markets in Other Hand Tools for Latvia between 2022 and 2023 were Germany ($316k), Italy ($94.3k), and Belarus ($78.2k).

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 Hand Tools. 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)$5.96M
IMPORTS (2023)$15.1M
NET TRADE (2023)-$9.17M

In 2023, Latvia exported $5.96M in Other Hand Tools. The main destinations of Latvia exports on Other Hand Tools were Lithuania ($1.47M), United States ($1.02M), United Kingdom ($606k), Estonia ($518k), and Russia ($517k).

In 2023, Latvia imported $15.1M in Other Hand Tools, mainly from Poland ($3.61M), Lithuania ($3.13M), Germany ($2.38M), China ($1.69M), and Estonia ($1.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United States$568k (127%)
Italy$163k (118%)
Lithuania$127k (9.42%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Latvia WERE (2022 - 2023):
Romania-$955k (-95.8%)
Sweden-$302k (-77.8%)
Czechia-$93.5k (-91.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Other Hand Tools were:
In 2023, Latvia's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $349k
TOP IMPORT POTENTIALChina+ $1.27M

Other Hand Tools’s highest export potential is Russia. With an export gap of $349k.   Other Hand Tools’s highest import potential is China with an import gap of $1.27M.

See methodology.

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