2022
Exports
$2.99MWorld Rnk 50 / 144
Flag Rnk 473 / 1190
2022
PRODUCT COMPLEXITY IN Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)
0.68Rnk 282 / 1025
2022
Imports
$6.75MWorld Rnk 67 / 205
Flag Rnk 459 / 1203

About

Exports In 2022, Latvia exported $2.99M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), making it the 50th largest exporter of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 473rd most exported product in Latvia. The main destination of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) exports from Latvia are: Poland ($1.26M), Russia ($625k), Lithuania ($399k), United Kingdom ($193k), and Estonia ($82.7k).

The fastest growing export markets for Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) of Latvia between 2021 and 2022 were Poland ($1.26M), Russia ($435k), and Lithuania ($166k).

Imports In 2022, Latvia imported $6.75M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), becoming the 67th largest importer of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) in the world. At the same year, Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) was the 459th most imported product in Latvia. Latvia imports Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) primarily from: Italy ($2.55M), Poland ($2.36M), Lithuania ($797k), Finland ($266k), and Germany ($197k).

The fastest growing import markets in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) for Latvia between 2021 and 2022 were Poland ($979k), Lithuania ($535k), and Italy ($236k).

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 Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705). 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)$2.99M
IMPORTS (2022)$6.75M
NET TRADE (2022)-$3.77M

In 2022, Latvia exported $2.99M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705). The main destinations of Latvia exports on Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were Poland ($1.26M), Russia ($625k), Lithuania ($399k), United Kingdom ($193k), and Estonia ($82.7k).

In 2022, Latvia imported $6.75M in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705), mainly from Italy ($2.55M), Poland ($2.36M), Lithuania ($797k), Finland ($266k), and Germany ($197k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Poland$1.26M (1%)
Russia$435k (228%)
Lithuania$166k (71.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) BY Latvia WERE (2021 - 2022):
Qatar-$126k (-100%)
Germany-$32.6k (-57.9%)
Denmark-$23.5k (-53.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were:
In 2022, Latvia's main importing competitors in Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) were:

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Trade Value of Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $215k
TOP IMPORT POTENTIALGermany+ $226k

Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)’s highest export potential is Poland. With an export gap of $215k.   Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)’s highest import potential is Germany with an import gap of $226k.

See methodology.

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