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Exports In 2022, Latvia exported $2.55M in Water, making it the 64th largest exporter of Water in the world. At the same year, Water was the 504th most exported product in Latvia. The main destination of Water exports from Latvia are: Estonia ($826k), Lithuania ($816k), Russia ($419k), Saudi Arabia ($136k), and Netherlands ($45.8k).

The fastest growing export markets for Water of Latvia between 2021 and 2022 were Russia ($408k), Estonia ($182k), and Saudi Arabia ($45.9k).

Imports In 2022, Latvia imported $16.2M in Water, becoming the 34th largest importer of Water in the world. At the same year, Water was the 291st most imported product in Latvia. Latvia imports Water primarily from: Lithuania ($9.99M), Estonia ($1.74M), Italy ($1.49M), Georgia ($1.13M), and France ($796k).

The fastest growing import markets in Water for Latvia between 2021 and 2022 were Georgia ($1.1M), Estonia ($713k), and Italy ($512k).

Latest Trends

Sep 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 Water. 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)$2.55M
IMPORTS (2022)$16.2M
NET TRADE (2022)-$13.7M

In 2022, Latvia exported $2.55M in Water. The main destinations of Latvia exports on Water were Estonia ($826k), Lithuania ($816k), Russia ($419k), Saudi Arabia ($136k), and Netherlands ($45.8k).

In 2022, Latvia imported $16.2M in Water, mainly from Lithuania ($9.99M), Estonia ($1.74M), Italy ($1.49M), Georgia ($1.13M), and France ($796k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Water EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$408k (3.48k%)
Estonia$182k (28.4%)
Saudi Arabia$45.9k (51.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Water BY Latvia WERE (2021 - 2022):
Belarus-$173k (-92%)
Lithuania-$90.7k (-10%)
Kazakhstan-$73.5k (-72.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Water were:
China $718M
Italy $705M
In 2022, Latvia's main importing competitors in Water were:

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Trade Value of Water by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $110k
TOP IMPORT POTENTIALFrance+ $476k

Water’s highest export potential is Russia. With an export gap of $110k.   Water’s highest import potential is France with an import gap of $476k.

See methodology.

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