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  7. Export of Hydraulic Gear…

Export of hydraulic gear pumps from Latvia: Decline in 2017

According to statistics published by European Commission, in 2017 pumping equipment export sharply went down by 49%. The variable greatly declined by 541, in contrast to the prior year when it grew by 162.23 percent. The overall changes for the previous 15 years hit an increase of 28 050%. Though, it has shown a decrease at a 0.14% compound annual growth rate during the last five years with a slight overall growth since the start of observations. It averaged 701.93 from 2003 to 2017 and it attained its all-time high of 1 951 in 2009 and record low of 2 in 2003.

Export of hydraulic gear pumps from Latvia: Decline in 2017
Date Number Variation
2017 563.00 -49
2016 1 104.00 162.23
2015 421.00 -61.05
2014 1 081.00 -11.39
2013 1 220.00 -24.03
2012 1 606.00 -8.96
2011 1 764.00 1503.64
2010 110.00 -94.36
2009 1 951.00 194.71
2008 662.00 6520

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