2023
Exports
$2.25MWorld Rnk 40 / 153
Flag Rnk 525 / 1196
2023
PRODUCT COMPLEXITY IN Stone Working Machines
1.08Rnk 154 / 1025
2023
Imports
$2.42MWorld Rnk 94 / 216
Flag Rnk 647 / 1206

About

Exports In 2023, Latvia exported $2.25M in Stone Working Machines, making it the 40th largest exporter of Stone Working Machines in the world. At the same year, Stone Working Machines was the 525th most exported product in Latvia. The main destination of Stone Working Machines exports from Latvia are: Kyrgyzstan ($1.7M), Lithuania ($303k), Kazakhstan ($137k), Estonia ($50.4k), and Israel ($28.7k).

The fastest growing export markets for Stone Working Machines of Latvia between 2022 and 2023 were Kyrgyzstan ($1.7M), Lithuania ($195k), and Kazakhstan ($119k).

Imports In 2023, Latvia imported $2.42M in Stone Working Machines, becoming the 94th largest importer of Stone Working Machines in the world. At the same year, Stone Working Machines was the 647th most imported product in Latvia. Latvia imports Stone Working Machines primarily from: Lithuania ($675k), Italy ($649k), Germany ($389k), China ($237k), and Armenia ($108k).

The fastest growing import markets in Stone Working Machines for Latvia between 2022 and 2023 were Lithuania ($623k), Italy ($507k), and Germany ($318k).

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 Working 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)$2.25M
IMPORTS (2023)$2.42M
NET TRADE (2023)-$173k

In 2023, Latvia exported $2.25M in Stone Working Machines. The main destinations of Latvia exports on Stone Working Machines were Kyrgyzstan ($1.7M), Lithuania ($303k), Kazakhstan ($137k), Estonia ($50.4k), and Israel ($28.7k).

In 2023, Latvia imported $2.42M in Stone Working Machines, mainly from Lithuania ($675k), Italy ($649k), Germany ($389k), China ($237k), and Armenia ($108k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stone Working Machines EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Kyrgyzstan$1.7M (1%)
Lithuania$195k (180%)
Kazakhstan$119k (656%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Working Machines BY Latvia WERE (2022 - 2023):
United Kingdom-$68.6k (-93.1%)
Bulgaria-$52.6k (-100%)
Germany-$31.4k (-94.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Stone Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $35.5k
TOP IMPORT POTENTIALChina+ $159k

Stone Working Machines’s highest export potential is Germany. With an export gap of $35.5k.   Stone Working Machines’s highest import potential is China with an import gap of $159k.

See methodology.

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