Key Market Indicators
Latvia is set to see a rise in the import and export of home appliances. Import is projected to reach nearly $36 million by 2026, up 2.6% annually since 2021. Since 1999, import has grown by an average of 7.5% year-on-year. In 2021, Latvia ranked 59th in the world, behind Kuwait at $30.8 million. Germany, Japan and France were the next three highest importers. Export is projected to reach $18 million by 2026, up 2.9% annually since 2021. Since 1999, export has grown by an average of 5.5% year-on-year. In 2021, Latvia ranked 40th in the world, overtaken by Indonesia at $15.3 million. Germany, Malaysia and the United States were the next three highest exporters.
