2022
Exports
$8.16MWorld Rnk 44 / 131
Flag Rnk 315 / 1190
2022
PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron
0.57Rnk 337 / 1025
2022
Imports
$24.9MWorld Rnk 45 / 213
Flag Rnk 217 / 1203

About

The fastest growing export markets for Large Coated Flat-Rolled Iron of Latvia between 2021 and 2022 were Spain ($9.74k), Denmark ($5.78k), and Uruguay ($4.64k).

Imports In 2022, Latvia imported $24.9M in Large Coated Flat-Rolled Iron, becoming the 45th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 217th most imported product in Latvia. Latvia imports Large Coated Flat-Rolled Iron primarily from: Germany ($7.27M), Turkey ($5.81M), Belgium ($2.5M), Netherlands ($2.15M), and Poland ($1.81M).

The fastest growing import markets in Large Coated Flat-Rolled Iron for Latvia between 2021 and 2022 were Germany ($6.05M), Turkey ($1.72M), and Denmark ($1.52M).

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 Large Coated Flat-Rolled Iron. 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)$8.16M
IMPORTS (2022)$24.9M
NET TRADE (2022)-$16.8M

In 2022, Latvia imported $24.9M in Large Coated Flat-Rolled Iron, mainly from Germany ($7.27M), Turkey ($5.81M), Belgium ($2.5M), Netherlands ($2.15M), and Poland ($1.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Spain$9.74k (1%)
Denmark$5.78k (185%)
Uruguay$4.64k (341%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY Latvia WERE (2021 - 2022):
Poland-$17.7M (-79.6%)
Lithuania-$5.28M (-84%)
Estonia-$4.44M (-89.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Large Coated Flat-Rolled Iron were:
In 2022, Latvia's main importing competitors in Large Coated Flat-Rolled Iron were:

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Trade Value of Large Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCzechia+ $193k
TOP IMPORT POTENTIALChina+ $353k

Large Coated Flat-Rolled Iron’s highest export potential is Czechia. With an export gap of $193k.   Large Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $353k.

See methodology.

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