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Exports In 2022, Latvia exported $9.27M in Telephones, making it the 60th largest exporter of Telephones in the world. At the same year, Telephones was the 297th most exported product in Latvia. The main destination of Telephones exports from Latvia are: Lithuania ($1.9M), Estonia ($1.12M), Russia ($1.11M), Kazakhstan ($425k), and Poland ($400k).

The fastest growing export markets for Telephones of Latvia between 2021 and 2022 were Kazakhstan ($334k), India ($218k), and Sweden ($209k).

Imports In 2022, Latvia imported $37.5M in Telephones, becoming the 78th largest importer of Telephones in the world. At the same year, Telephones was the 150th most imported product in Latvia. Latvia imports Telephones primarily from: China ($15.4M), United States ($6.87M), Netherlands ($5.93M), Chinese Taipei ($1.96M), and Germany ($1.77M).

The fastest growing import markets in Telephones for Latvia between 2021 and 2022 were United States ($6.3M), Netherlands ($946k), and Poland ($609k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Telephones. 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 (2022)$9.27M
IMPORTS (2022)$37.5M
NET TRADE (2022)-$28.2M

In 2022, Latvia exported $9.27M in Telephones. The main destinations of Latvia exports on Telephones were Lithuania ($1.9M), Estonia ($1.12M), Russia ($1.11M), Kazakhstan ($425k), and Poland ($400k).

In 2022, Latvia imported $37.5M in Telephones, mainly from China ($15.4M), United States ($6.87M), Netherlands ($5.93M), Chinese Taipei ($1.96M), and Germany ($1.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Telephones EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Kazakhstan$334k (366%)
India$218k (610%)
Sweden$209k (1.91k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY Latvia WERE (2021 - 2022):
Lithuania-$11.2M (-85.5%)
Russia-$1.68M (-60.1%)
Bulgaria-$398k (-96.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Telephones were:
In 2022, Latvia's main importing competitors in Telephones were:
China $21.3B
Vietnam $9.43B

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Trade Value of Telephones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $71.5M
TOP IMPORT POTENTIALChina+ $94.5M

Telephones’s highest export potential is United States. With an export gap of $71.5M.   Telephones’s highest import potential is China with an import gap of $94.5M.

See methodology.

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