2022
Exports
$621kWorld Rnk 51 / 131
Flag Rnk 732 / 1190
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt
-0.98Rnk 835 / 1025
2022
Imports
$187kWorld Rnk 115 / 189
Flag Rnk 1015 / 1203

About

Exports In 2022, Latvia exported $621k in Bitumen and asphalt, making it the 51st largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 732nd most exported product in Latvia. The main destination of Bitumen and asphalt exports from Latvia are: Lithuania ($617k), Netherlands ($2.62k), and Norway ($912).

The fastest growing export markets for Bitumen and asphalt of Latvia between 2021 and 2022 were Lithuania ($617k) and Norway ($743).

Imports In 2022, Latvia imported $187k in Bitumen and asphalt, becoming the 115th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1015th most imported product in Latvia. Latvia imports Bitumen and asphalt primarily from: Estonia ($117k), Poland ($37.6k), Lithuania ($30.8k), Germany ($1.66k), and Netherlands ($451).

The fastest growing import markets in Bitumen and asphalt for Latvia between 2021 and 2022 were Poland ($9.76k), Germany ($1.66k), and Netherlands ($358).

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 Bitumen and asphalt. 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)$621k
IMPORTS (2022)$187k
NET TRADE (2022)$433k

In 2022, Latvia exported $621k in Bitumen and asphalt. The main destinations of Latvia exports on Bitumen and asphalt were Lithuania ($617k), Netherlands ($2.62k), and Norway ($912).

In 2022, Latvia imported $187k in Bitumen and asphalt, mainly from Estonia ($117k), Poland ($37.6k), Lithuania ($30.8k), Germany ($1.66k), and Netherlands ($451).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$617k (1%)
Norway$743 (440%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Latvia WERE (2021 - 2022):
Tanzania-$130k (-100%)
French Polynesia-$52.6k (-100%)
Netherlands-$32.4k (-92.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Bitumen and asphalt were:
In 2022, Latvia's main importing competitors in Bitumen and asphalt were:
Egypt $206M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.09k
TOP IMPORT POTENTIALGermany+ $3.35k

Bitumen and asphalt’s highest export potential is Netherlands. With an export gap of $2.09k.   Bitumen and asphalt’s highest import potential is Germany with an import gap of $3.35k.

See methodology.

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