2023
Exports
$1.27MWorld Rnk 23 / 114
Flag Rnk 616 / 1196
falsefalse Lithuania
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$385kWorld Rnk 51 / 175
Flag Rnk 933 / 1206

About

Exports In 2023, Latvia exported $1.27M in Watch Movements, making it the 23rd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 616th most exported product in Latvia. The main destination of Watch Movements exports from Latvia are: Lithuania ($1.27M) and Netherlands ($272).

Imports In 2023, Latvia imported $385k in Watch Movements, becoming the 51st largest importer of Watch Movements in the world. At the same year, Watch Movements was the 933rd most imported product in Latvia. Latvia imports Watch Movements primarily from: Austria ($330k), United States ($24.2k), Lithuania ($11.9k), Germany ($11.8k), and Switzerland ($4.29k).

The fastest growing import markets in Watch Movements for Latvia between 2022 and 2023 were Austria ($323k), United States ($24.2k), and Lithuania ($11.8k).

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 Watch Movements. 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)$1.27M
IMPORTS (2023)$385k
NET TRADE (2023)$887k

In 2023, Latvia exported $1.27M in Watch Movements. The main destinations of Latvia exports on Watch Movements were Lithuania ($1.27M) and Netherlands ($272).

In 2023, Latvia imported $385k in Watch Movements, mainly from Austria ($330k), United States ($24.2k), Lithuania ($11.9k), Germany ($11.8k), and Switzerland ($4.29k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Latvia WERE (2022 - 2023):
Lithuania-$194k (-13.2%)
United States-$10.5k (-100%)
United Kingdom-$8.32k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Watch Movements were:
In 2023, Latvia's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.5k
TOP IMPORT POTENTIALSwitzerland+ $4.16k

Watch Movements’s highest export potential is United States. With an export gap of $21.5k.   Watch Movements’s highest import potential is Switzerland with an import gap of $4.16k.

See methodology.

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