2022
Exports
$86.7MWorld Rnk 21 / 159
Flag Rnk 47 / 1190
2022
PRODUCT COMPLEXITY IN Special purpose motor vehicles
0.29Rnk 457 / 1025
2022
Imports
$21.8MWorld Rnk 88 / 220
Flag Rnk 230 / 1203

About

Exports In 2022, Latvia exported $86.7M in Special purpose motor vehicles, making it the 21st largest exporter of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 47th most exported product in Latvia. The main destination of Special purpose motor vehicles exports from Latvia are: Spain ($16.6M), United Kingdom ($10.1M), Germany ($10.1M), France ($7.87M), and Switzerland ($6.77M).

The fastest growing export markets for Special purpose motor vehicles of Latvia between 2021 and 2022 were Spain ($6.75M), Denmark ($2.45M), and United States ($2.43M).

Imports In 2022, Latvia imported $21.8M in Special purpose motor vehicles, becoming the 88th largest importer of Special purpose motor vehicles in the world. At the same year, Special purpose motor vehicles was the 230th most imported product in Latvia. Latvia imports Special purpose motor vehicles primarily from: Germany ($5.33M), Lithuania ($4.08M), Austria ($3.02M), Italy ($2.94M), and Poland ($2.92M).

The fastest growing import markets in Special purpose motor vehicles for Latvia between 2021 and 2022 were Germany ($3.71M), Austria ($2.92M), and Lithuania ($2.23M).

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 Special purpose motor vehicles. 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)$86.7M
IMPORTS (2022)$21.8M
NET TRADE (2022)$64.9M

In 2022, Latvia exported $86.7M in Special purpose motor vehicles. The main destinations of Latvia exports on Special purpose motor vehicles were Spain ($16.6M), United Kingdom ($10.1M), Germany ($10.1M), France ($7.87M), and Switzerland ($6.77M).

In 2022, Latvia imported $21.8M in Special purpose motor vehicles, mainly from Germany ($5.33M), Lithuania ($4.08M), Austria ($3.02M), Italy ($2.94M), and Poland ($2.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special purpose motor vehicles EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Spain$6.75M (68.6%)
Denmark$2.45M (375%)
United States$2.43M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special purpose motor vehicles BY Latvia WERE (2021 - 2022):
France-$4.25M (-35.1%)
United Kingdom-$1.13M (-10.1%)
Australia-$971k (-54.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Special purpose motor vehicles were:
In 2022, Latvia's main importing competitors in Special purpose motor vehicles were:

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Trade Value of Special purpose motor vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3M
TOP IMPORT POTENTIALGermany+ $1.2M

Special purpose motor vehicles’s highest export potential is United States. With an export gap of $3M.   Special purpose motor vehicles’s highest import potential is Germany with an import gap of $1.2M.

See methodology.

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