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The fastest growing export markets for Densified Wood of Latvia between 2021 and 2022 were Lithuania ($2.08M), Germany ($1.37M), and Qatar ($1.26M).

Imports In 2022, Latvia imported $800k in Densified Wood, becoming the 67th largest importer of Densified Wood in the world. At the same year, Densified Wood was the 842nd most imported product in Latvia. Latvia imports Densified Wood primarily from: Estonia ($554k), Lithuania ($90.3k), Poland ($71.6k), Netherlands ($40.3k), and Finland ($22.6k).

The fastest growing import markets in Densified Wood for Latvia between 2021 and 2022 were Estonia ($183k), Netherlands ($35.9k), and Finland ($22.6k).

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 Densified Wood. 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)$37.2M
IMPORTS (2022)$800k
NET TRADE (2022)$36.4M

In 2022, Latvia imported $800k in Densified Wood, mainly from Estonia ($554k), Lithuania ($90.3k), Poland ($71.6k), Netherlands ($40.3k), and Finland ($22.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Densified Wood EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$2.08M (62.3%)
Germany$1.37M (24.4%)
Qatar$1.26M (248%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Densified Wood BY Latvia WERE (2021 - 2022):
Spain-$738k (-85.7%)
United States-$525k (-29.1%)
Hungary-$515k (-51.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Densified Wood were:
In 2022, Latvia's main importing competitors in Densified Wood were:

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Trade Value of Densified Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $483k
TOP IMPORT POTENTIALBelarus+ $12.9k

Densified Wood’s highest export potential is United States. With an export gap of $483k.   Densified Wood’s highest import potential is Belarus with an import gap of $12.9k.

See methodology.

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