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Exports In 2022, Latvia exported $1.78M in Rubber Belting, making it the 50th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 574th most exported product in Latvia. The main destination of Rubber Belting exports from Latvia are: Lithuania ($592k), Estonia ($401k), Sweden ($289k), Finland ($88.2k), and Belarus ($68.5k).

The fastest growing export markets for Rubber Belting of Latvia between 2021 and 2022 were Estonia ($54.4k), Armenia ($36.6k), and Kuwait ($35.6k).

Imports In 2022, Latvia imported $7.2M in Rubber Belting, becoming the 94th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 440th most imported product in Latvia. Latvia imports Rubber Belting primarily from: Germany ($2.27M), Poland ($805k), Lithuania ($742k), China ($513k), and Sweden ($469k).

The fastest growing import markets in Rubber Belting for Latvia between 2021 and 2022 were China ($310k), India ($295k), and Finland ($103k).

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 Rubber Belting. 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

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EXPORTS (2022)$1.78M
IMPORTS (2022)$7.2M
NET TRADE (2022)-$5.42M

In 2022, Latvia exported $1.78M in Rubber Belting. The main destinations of Latvia exports on Rubber Belting were Lithuania ($592k), Estonia ($401k), Sweden ($289k), Finland ($88.2k), and Belarus ($68.5k).

In 2022, Latvia imported $7.2M in Rubber Belting, mainly from Germany ($2.27M), Poland ($805k), Lithuania ($742k), China ($513k), and Sweden ($469k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Estonia$54.4k (15.7%)
Armenia$36.6k (17.7k%)
Kuwait$35.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Latvia WERE (2021 - 2022):
Italy-$59.5k (-98.8%)
Sweden-$48.6k (-14.4%)
Lithuania-$22.3k (-3.63%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Rubber Belting were:
In 2022, Latvia's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $102k
TOP IMPORT POTENTIALChina+ $454k

Rubber Belting’s highest export potential is Russia. With an export gap of $102k.   Rubber Belting’s highest import potential is China with an import gap of $454k.

See methodology.

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