2022
Exports
$3.45MWorld Rnk 70 / 208
Flag Rnk 450 / 1190
2022
PRODUCT COMPLEXITY IN Surveying Equipment
0.32Rnk 434 / 1025
2022
Imports
$9.42MWorld Rnk 79 / 223
Flag Rnk 374 / 1203

About

Exports In 2022, Latvia exported $3.45M in Surveying Equipment, making it the 70th largest exporter of Surveying Equipment in the world. At the same year, Surveying Equipment was the 450th most exported product in Latvia. The main destination of Surveying Equipment exports from Latvia are: Lithuania ($974k), Estonia ($363k), Denmark ($243k), United States ($191k), and Sweden ($159k).

The fastest growing export markets for Surveying Equipment of Latvia between 2021 and 2022 were Denmark ($201k), United States ($151k), and Azerbaijan ($126k).

Imports In 2022, Latvia imported $9.42M in Surveying Equipment, becoming the 79th largest importer of Surveying Equipment in the world. At the same year, Surveying Equipment was the 374th most imported product in Latvia. Latvia imports Surveying Equipment primarily from: Germany ($2.11M), Netherlands ($1.23M), Finland ($950k), China ($854k), and Italy ($837k).

The fastest growing import markets in Surveying Equipment for Latvia between 2021 and 2022 were Italy ($796k), Denmark ($588k), and United Kingdom ($354k).

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 Surveying Equipment. 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)$3.45M
IMPORTS (2022)$9.42M
NET TRADE (2022)-$5.97M

In 2022, Latvia exported $3.45M in Surveying Equipment. The main destinations of Latvia exports on Surveying Equipment were Lithuania ($974k), Estonia ($363k), Denmark ($243k), United States ($191k), and Sweden ($159k).

In 2022, Latvia imported $9.42M in Surveying Equipment, mainly from Germany ($2.11M), Netherlands ($1.23M), Finland ($950k), China ($854k), and Italy ($837k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Surveying Equipment EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Denmark$201k (476%)
United States$151k (380%)
Azerbaijan$126k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Surveying Equipment BY Latvia WERE (2021 - 2022):
Lithuania-$226k (-18.9%)
Russia-$189k (-90.6%)
Estonia-$156k (-30%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Surveying Equipment were:
In 2022, Latvia's main importing competitors in Surveying Equipment were:

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Trade Value of Surveying Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $314k
TOP IMPORT POTENTIALChina+ $441k

Surveying Equipment’s highest export potential is United States. With an export gap of $314k.   Surveying Equipment’s highest import potential is China with an import gap of $441k.

See methodology.

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