2023
Exports
$5.62MWorld Rnk 36 / 139
Flag Rnk 367 / 1196
2023
PRODUCT COMPLEXITY IN Papermaking Machines
1.3Rnk 79 / 1025
2023
Imports
$953kWorld Rnk 106 / 197
Flag Rnk 803 / 1206

About

Exports In 2023, Latvia exported $5.62M in Papermaking Machines, making it the 36th largest exporter of Papermaking Machines in the world. At the same year, Papermaking Machines was the 367th most exported product in Latvia. The main destination of Papermaking Machines exports from Latvia are: Lithuania ($2.79M), Germany ($1.28M), Sweden ($1.08M), Finland ($244k), and Russia ($166k).

The fastest growing export markets for Papermaking Machines of Latvia between 2022 and 2023 were Lithuania ($2.66M), Germany ($1.28M), and Sweden ($500k).

Imports In 2023, Latvia imported $953k in Papermaking Machines, becoming the 106th largest importer of Papermaking Machines in the world. At the same year, Papermaking Machines was the 803rd most imported product in Latvia. Latvia imports Papermaking Machines primarily from: Italy ($223k), Sweden ($149k), France ($108k), Germany ($92.1k), and Poland ($75k).

The fastest growing import markets in Papermaking Machines for Latvia between 2022 and 2023 were Italy ($111k), France ($108k), and Finland ($63.4k).

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 Papermaking 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)$5.62M
IMPORTS (2023)$953k
NET TRADE (2023)$4.67M

In 2023, Latvia exported $5.62M in Papermaking Machines. The main destinations of Latvia exports on Papermaking Machines were Lithuania ($2.79M), Germany ($1.28M), Sweden ($1.08M), Finland ($244k), and Russia ($166k).

In 2023, Latvia imported $953k in Papermaking Machines, mainly from Italy ($223k), Sweden ($149k), France ($108k), Germany ($92.1k), and Poland ($75k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Papermaking Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Lithuania$2.66M (1.95k%)
Germany$1.28M (1%)
Sweden$500k (85.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Papermaking Machines BY Latvia WERE (2022 - 2023):
South Korea-$4.19k (-100%)
Greece-$3.18k (-100%)
United Arab Emirates-$2.49k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Papermaking Machines were:
China $1.39B
Germany $1.17B
In 2023, Latvia's main importing competitors in Papermaking Machines were:

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Trade Value of Papermaking Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFinland+ $46k
TOP IMPORT POTENTIALGermany+ $163k

Papermaking Machines’s highest export potential is Finland. With an export gap of $46k.   Papermaking Machines’s highest import potential is Germany with an import gap of $163k.

See methodology.

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