2023
Exports
$6.04MWorld Rnk 57 / 182
Flag Rnk 353 / 1196
2023
PRODUCT COMPLEXITY IN Rubberworking Machinery
1.68Rnk 24 / 1025
2023
Imports
$11.9MWorld Rnk 109 / 216
Flag Rnk 321 / 1206

About

Exports In 2023, Latvia exported $6.04M in Rubberworking Machinery, making it the 57th largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 353rd most exported product in Latvia. The main destination of Rubberworking Machinery exports from Latvia are: Lithuania ($3.69M), Finland ($1.23M), Denmark ($377k), Russia ($164k), and Estonia ($111k).

The fastest growing export markets for Rubberworking Machinery of Latvia between 2022 and 2023 were Lithuania ($1.74M), Finland ($240k), and Estonia ($91.1k).

Imports In 2023, Latvia imported $11.9M in Rubberworking Machinery, becoming the 109th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 321st most imported product in Latvia. Latvia imports Rubberworking Machinery primarily from: Germany ($2.88M), China ($2M), Lithuania ($1.67M), Netherlands ($1.1M), and Chinese Taipei ($1.01M).

The fastest growing import markets in Rubberworking Machinery for Latvia between 2022 and 2023 were Lithuania ($1.48M), Chinese Taipei ($572k), and Netherlands ($569k).

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 Rubberworking Machinery. 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)$6.04M
IMPORTS (2023)$11.9M
NET TRADE (2023)-$5.87M

In 2023, Latvia exported $6.04M in Rubberworking Machinery. The main destinations of Latvia exports on Rubberworking Machinery were Lithuania ($3.69M), Finland ($1.23M), Denmark ($377k), Russia ($164k), and Estonia ($111k).

In 2023, Latvia imported $11.9M in Rubberworking Machinery, mainly from Germany ($2.88M), China ($2M), Lithuania ($1.67M), Netherlands ($1.1M), and Chinese Taipei ($1.01M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Lithuania$1.74M (89.5%)
Finland$240k (24.2%)
Estonia$91.1k (466%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Latvia WERE (2022 - 2023):
Sweden-$298k (-100%)
Germany-$132k (-93.3%)
United Kingdom-$44.6k (-96.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Rubberworking Machinery were:
China $6.97B
Germany $6.13B
Japan $2.61B
In 2023, Latvia's main importing competitors in Rubberworking Machinery were:

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $294k
TOP IMPORT POTENTIALChina+ $1.69M

Rubberworking Machinery’s highest export potential is Russia. With an export gap of $294k.   Rubberworking Machinery’s highest import potential is China with an import gap of $1.69M.

See methodology.

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