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Exports In 2023, Latvia exported $200M in Rubber Tires, making it the 38th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 18th most exported product in Latvia. The main destination of Rubber Tires exports from Latvia are: Uzbekistan ($68M), Russia ($38.7M), Lithuania ($36.5M), Estonia ($32.1M), and Ukraine ($6.97M).

The fastest growing export markets for Rubber Tires of Latvia between 2022 and 2023 were Uzbekistan ($51.8M), Russia ($13.2M), and Italy ($334k).

Imports In 2023, Latvia imported $202M in Rubber Tires, becoming the 67th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 15th most imported product in Latvia. Latvia imports Rubber Tires primarily from: India ($57.9M), China ($30.6M), Poland ($21.2M), Lithuania ($9.83M), and Vietnam ($9.05M).

The fastest growing import markets in Rubber Tires for Latvia between 2022 and 2023 were India ($10M), South Africa ($2.49M), and Italy ($1.51M).

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 Rubber Tires. 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)$200M
IMPORTS (2023)$202M
NET TRADE (2023)-$2.07M

In 2023, Latvia exported $200M in Rubber Tires. The main destinations of Latvia exports on Rubber Tires were Uzbekistan ($68M), Russia ($38.7M), Lithuania ($36.5M), Estonia ($32.1M), and Ukraine ($6.97M).

In 2023, Latvia imported $202M in Rubber Tires, mainly from India ($57.9M), China ($30.6M), Poland ($21.2M), Lithuania ($9.83M), and Vietnam ($9.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Uzbekistan$51.8M (319%)
Russia$13.2M (51.8%)
Italy$334k (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Latvia WERE (2022 - 2023):
Sweden-$4.06M (-87.9%)
Slovakia-$1.74M (-35.3%)
Estonia-$1.06M (-3.19%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Rubber Tires were:
China $21.1B
Japan $6.54B
In 2023, Latvia's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $6.95M
TOP IMPORT POTENTIALChina+ $11.5M

Rubber Tires’s highest export potential is Russia. With an export gap of $6.95M.   Rubber Tires’s highest import potential is China with an import gap of $11.5M.

See methodology.

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