2023
Exports
$3.86MWorld Rnk 78 / 198
Flag Rnk 431 / 1196
2023
PRODUCT COMPLEXITY IN Stone Processing Machines
0.43Rnk 399 / 1025
2023
Imports
$18.8MWorld Rnk 121 / 224
Flag Rnk 243 / 1206

About

Exports In 2023, Latvia exported $3.86M in Stone Processing Machines, making it the 78th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 431st most exported product in Latvia. The main destination of Stone Processing Machines exports from Latvia are: Germany ($1.05M), Finland ($993k), France ($535k), Lithuania ($322k), and Pakistan ($223k).

The fastest growing export markets for Stone Processing Machines of Latvia between 2022 and 2023 were Finland ($779k), France ($528k), and Pakistan ($223k).

Imports In 2023, Latvia imported $18.8M in Stone Processing Machines, becoming the 121st largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 243rd most imported product in Latvia. Latvia imports Stone Processing Machines primarily from: Germany ($3.82M), India ($2.11M), Netherlands ($2.04M), Turkey ($1.56M), and Austria ($1.27M).

The fastest growing import markets in Stone Processing Machines for Latvia between 2022 and 2023 were India ($1.97M), Netherlands ($1.7M), and Turkey ($1.21M).

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 Stone Processing 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)$3.86M
IMPORTS (2023)$18.8M
NET TRADE (2023)-$14.9M

In 2023, Latvia exported $3.86M in Stone Processing Machines. The main destinations of Latvia exports on Stone Processing Machines were Germany ($1.05M), Finland ($993k), France ($535k), Lithuania ($322k), and Pakistan ($223k).

In 2023, Latvia imported $18.8M in Stone Processing Machines, mainly from Germany ($3.82M), India ($2.11M), Netherlands ($2.04M), Turkey ($1.56M), and Austria ($1.27M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Finland$779k (365%)
France$528k (7.6k%)
Pakistan$223k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY Latvia WERE (2022 - 2023):
Cuba-$426k (-100%)
Lithuania-$328k (-50.5%)
Russia-$323k (-75.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Stone Processing Machines were:
In 2023, Latvia's main importing competitors in Stone Processing Machines were:

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $535k
TOP IMPORT POTENTIALChina+ $1.05M

Stone Processing Machines’s highest export potential is Russia. With an export gap of $535k.   Stone Processing Machines’s highest import potential is China with an import gap of $1.05M.

See methodology.

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