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Exports In 2023, Latvia exported $67.3M in Tractors, making it the 37th largest exporter of Tractors in the world. At the same year, Tractors was the 57th most exported product in Latvia. The main destination of Tractors exports from Latvia are: Lithuania ($34.9M), Sweden ($7.99M), Turkey ($6.06M), Kazakhstan ($4.2M), and Poland ($3.93M).

The fastest growing export markets for Tractors of Latvia between 2022 and 2023 were Lithuania ($7.89M), Turkey ($2.04M), and Estonia ($661k).

Imports In 2023, Latvia imported $273M in Tractors, becoming the 48th largest importer of Tractors in the world. At the same year, Tractors was the 10th most imported product in Latvia. Latvia imports Tractors primarily from: Sweden ($62M), Belgium ($31.5M), France ($29M), Italy ($27.4M), and Lithuania ($23.2M).

The fastest growing import markets in Tractors for Latvia between 2022 and 2023 were Netherlands ($13.5M), Belgium ($13.1M), and Sweden ($10.6M).

Latest Trends

Dec 2024

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 Tractors. 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)$67.3M
IMPORTS (2023)$273M
NET TRADE (2023)-$206M

In 2023, Latvia exported $67.3M in Tractors. The main destinations of Latvia exports on Tractors were Lithuania ($34.9M), Sweden ($7.99M), Turkey ($6.06M), Kazakhstan ($4.2M), and Poland ($3.93M).

In 2023, Latvia imported $273M in Tractors, mainly from Sweden ($62M), Belgium ($31.5M), France ($29M), Italy ($27.4M), and Lithuania ($23.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Lithuania$7.89M (29.2%)
Turkey$2.04M (50.7%)
Estonia$661k (89.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Latvia WERE (2022 - 2023):
Sweden-$5.35M (-40.1%)
Kazakhstan-$4.12M (-49.5%)
Poland-$1.35M (-25.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Latvia's main exporting competitors in Tractors were:
In 2023, Latvia's main importing competitors in Tractors were:

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $4.04M
TOP IMPORT POTENTIALGermany+ $7.21M

Tractors’s highest export potential is Poland. With an export gap of $4.04M.   Tractors’s highest import potential is Germany with an import gap of $7.21M.

See methodology.

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