Key Market Indicators
Latvian Aerospace Export is projected to reach approximately $141 million by 2028, up from around $122 million in 2023. This growth represents an average annual increase of 2.3%. Despite this positive outlook, Latvia has experienced a significant decline in its aerospace supply since 1999, with an average annual decrease of 24.1%. In 2023, Latvia ranked 26th in global aerospace exports, with Iceland marginally ahead at the same $122 million mark. Leading the rankings were France, Germany, and Singapore, securing the second, third, and fourth positions respectively.
