This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 2/28/2019

Overview

Computer hardware has a significant share of the Latvian ICT market.  Although the locally-produced software development sector has significantly increased its role in Latvia's economy (including exports) during recent years, foreign-sourced software continues to be important.  After several years of austerity budgets, the Latvian government is expected to seek to renew its computer hardware and software over the coming years.

Leading Sub-Sectors

The best prospects for U.S. computer hardware exports to Latvia include new personal computers with the latest versions of processors, small and medium multi-processor servers, multimedia equipment, LAN accessories and relevant computer parts, and Internet protocol-related equipment.  Second-hand and overstock personal computers represent a significant market niche.  The principal consumers of these products in Latvia are private individuals who purchase computers for home use.   Recent studies show that there is also a growing demand for business management software among medium and large enterprises in Latvia.  Another potential growth sector is cybersecurity software, as cyber threats and business awareness of them increase.
Opportunities

Please see the Supplement to the Official Journal of the European Union dedicated to European public procurement.
Latvian Export and Import Directory

Retail opportunities include software and hardware for home and business use.  We expect government computer hardware and software tender opportunities to increase as the budget situation improves.  There are also good opportunities for companies that want to use Latvia as a logistical center for distribution in Northern Europe and neighboring Russia.  Considering the relatively low cost of production and well-educated workforce, computer companies could also consider placing production lines in Latvia.  The success of enterprises such as ELKO grupa (the largest Latvian ICT wholesale company), Hanza Elektronika, Mikrotik, and Ubiquity Networks demonstrate the viability of such plans.
Web Resources
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Latvia Computer Hardware Software Trade Development and Promotion