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2022
ExportsfalseWorld Rnk 49 / 128
Flag Rnk 463 / 1190
2021 - 2022
FASTEST GROWING MARKET $899kRussia
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel1.05Rnk 151 / 1025
2022
Origin $3.45M Poland
2021 - 2022
FASTEST GROWING ORIGIN $3.45MPoland

About

Exports In 2022, Latvia exported $3.23M in Large Flat-Rolled Stainless Steel, making it the 49th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 463rd most exported product in Latvia. The main destination of Large Flat-Rolled Stainless Steel exports from Latvia are: Russia ($1.41M), Turkey ($865k), Lithuania ($344k), Netherlands ($239k), and Estonia ($161k).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of Latvia between 2021 and 2022 were Russia ($899k), Netherlands ($201k), and Turkey ($179k).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for Latvia between 2021 and 2022 were Poland ($3.45M), Italy ($1.23M), and Norway ($610k).

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 Flat-Rolled Stainless Steel. 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)$3.23M

In 2022, Latvia exported $3.23M in Large Flat-Rolled Stainless Steel. The main destinations of Latvia exports on Large Flat-Rolled Stainless Steel were Russia ($1.41M), Turkey ($865k), Lithuania ($344k), Netherlands ($239k), and Estonia ($161k).

In N/A, Latvia imported N/A in Large Flat-Rolled Stainless Steel, mainly from Poland ($7.26M), Sweden ($5.3M), Lithuania ($4.74M), Denmark ($4.65M), and Italy ($2.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$899k (176%)
Netherlands$201k (531%)
Turkey$179k (26.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY Latvia WERE (2021 - 2022):
Poland-$2.44M (-96.4%)
Estonia-$348k (-68.3%)
Lithuania-$67.1k (-16.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Large Flat-Rolled Stainless Steel were:
China $8.91B
Indonesia $7.43B
Belgium $3.9B
In 2022, Latvia's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $4.95B
Italy $4.45B
China $3.42B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALItaly+ $1.06M

Large Flat-Rolled Stainless Steel’s highest export potential is N/A. With an export gap of N/A.   Large Flat-Rolled Stainless Steel’s highest import potential is Italy with an import gap of $1.06M.

See methodology.

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