2022
Exports
$118kWorld Rnk 67 / 120
Flag Rnk 932 / 1190
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$774kWorld Rnk 105 / 191
Flag Rnk 851 / 1203

About

Exports In 2022, Latvia exported $118k in Knitting Machines, making it the 67th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 932nd most exported product in Latvia. The main destination of Knitting Machines exports from Latvia are: Estonia ($46.8k), Lithuania ($26.7k), Uzbekistan ($17.4k), Denmark ($11.8k), and Sweden ($9.53k).

The fastest growing export markets for Knitting Machines of Latvia between 2021 and 2022 were Uzbekistan ($17.4k), Lithuania ($15k), and Denmark ($11.8k).

Imports In 2022, Latvia imported $774k in Knitting Machines, becoming the 105th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 851st most imported product in Latvia. Latvia imports Knitting Machines primarily from: France ($247k), Italy ($205k), Germany ($102k), Japan ($76.2k), and China ($66.9k).

The fastest growing import markets in Knitting Machines for Latvia between 2021 and 2022 were France ($38k), Lithuania ($2.58k), and United Kingdom ($2.37k).

Latest Trends

Jul 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 Knitting 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 (2022)$118k
IMPORTS (2022)$774k
NET TRADE (2022)-$656k

In 2022, Latvia exported $118k in Knitting Machines. The main destinations of Latvia exports on Knitting Machines were Estonia ($46.8k), Lithuania ($26.7k), Uzbekistan ($17.4k), Denmark ($11.8k), and Sweden ($9.53k).

In 2022, Latvia imported $774k in Knitting Machines, mainly from France ($247k), Italy ($205k), Germany ($102k), Japan ($76.2k), and China ($66.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Uzbekistan$17.4k (1%)
Lithuania$15k (128%)
Denmark$11.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Latvia WERE (2021 - 2022):
Estonia-$45.1k (-49%)
Georgia-$25.3k (-100%)
Norway-$311 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Latvia's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSweden+ $1.25k
TOP IMPORT POTENTIALChina+ $89.4k

Knitting Machines’s highest export potential is Sweden. With an export gap of $1.25k.   Knitting Machines’s highest import potential is China with an import gap of $89.4k.

See methodology.

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