2022
Exports
$402kWorld Rnk 42 / 84
Flag Rnk 796 / 1190
2022
PRODUCT COMPLEXITY IN Railway Freight Cars
-0.057Rnk 565 / 1025
2022
Imports
$3.58MWorld Rnk 41 / 140
Flag Rnk 582 / 1203

About

Exports In 2022, Latvia exported $402k in Railway Freight Cars, making it the 42nd largest exporter of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 796th most exported product in Latvia. The main destination of Railway Freight Cars exports from Latvia are: Kazakhstan ($174k), Lithuania ($139k), Ukraine ($52k), Finland ($36.9k), and Netherlands ($217).

The fastest growing export markets for Railway Freight Cars of Latvia between 2021 and 2022 were Kazakhstan ($174k), Lithuania ($124k), and Finland ($36.9k).

Imports In 2022, Latvia imported $3.58M in Railway Freight Cars, becoming the 41st largest importer of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 582nd most imported product in Latvia. Latvia imports Railway Freight Cars primarily from: Russia ($3.47M), Ukraine ($65.8k), France ($34.1k), Denmark ($1.18k), and Netherlands ($1.03k).

The fastest growing import markets in Railway Freight Cars for Latvia between 2021 and 2022 were Ukraine ($65.8k) and Denmark ($1.18k).

Latest Trends

Oct 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 Railway Freight Cars. 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 (2022)$402k
IMPORTS (2022)$3.58M
NET TRADE (2022)-$3.17M

In 2022, Latvia exported $402k in Railway Freight Cars. The main destinations of Latvia exports on Railway Freight Cars were Kazakhstan ($174k), Lithuania ($139k), Ukraine ($52k), Finland ($36.9k), and Netherlands ($217).

In 2022, Latvia imported $3.58M in Railway Freight Cars, mainly from Russia ($3.47M), Ukraine ($65.8k), France ($34.1k), Denmark ($1.18k), and Netherlands ($1.03k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway Freight Cars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Kazakhstan$174k (1%)
Lithuania$124k (841%)
Finland$36.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Freight Cars BY Latvia WERE (2021 - 2022):
Ukraine-$1.29M (-96.1%)
Russia-$1.16M (-100%)
Estonia-$1.05M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Railway Freight Cars were:
In 2022, Latvia's main importing competitors in Railway Freight Cars were:

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Trade Value of Railway Freight Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.48k
TOP IMPORT POTENTIALFrance+ $22.8k

Railway Freight Cars’s highest export potential is Germany. With an export gap of $1.48k.   Railway Freight Cars’s highest import potential is France with an import gap of $22.8k.

See methodology.

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