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2022
Exports $917kWorld Rnk 46 / 120
Flag Rnk 671 / 1190
2022
Destination $71.6k Russia
2021 - 2022
FASTEST GROWING MARKET $71.6kGermany
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $6.5MWorld Rnk 59 / 198
Flag Rnk 467 / 1203
2022
Origin $502k Germany
2021 - 2022
FASTEST GROWING ORIGIN $502kItaly

About

Exports In 2022, Latvia exported $917k in Flat-Rolled Stainless Steel, making it the 46th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 671st most exported product in Latvia. The main destination of Flat-Rolled Stainless Steel exports from Latvia are: Russia ($682k), Germany ($71.6k), Turkey ($42.6k), Netherlands ($33.3k), and Denmark ($21.6k).

The fastest growing export markets for Flat-Rolled Stainless Steel of Latvia between 2021 and 2022 were Germany ($71.6k), Netherlands ($24.8k), and Turkey ($23.5k).

Imports In 2022, Latvia imported $6.5M in Flat-Rolled Stainless Steel, becoming the 59th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 467th most imported product in Latvia. Latvia imports Flat-Rolled Stainless Steel primarily from: Germany ($1.64M), Denmark ($1.58M), Italy ($1.1M), Sweden ($925k), and Poland ($278k).

The fastest growing import markets in Flat-Rolled Stainless Steel for Latvia between 2021 and 2022 were Italy ($502k), Romania ($183k), and Denmark ($154k).

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 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)$917k
IMPORTS (2022)$6.5M
NET TRADE (2022)-$5.59M

In 2022, Latvia exported $917k in Flat-Rolled Stainless Steel. The main destinations of Latvia exports on Flat-Rolled Stainless Steel were Russia ($682k), Germany ($71.6k), Turkey ($42.6k), Netherlands ($33.3k), and Denmark ($21.6k).

In 2022, Latvia imported $6.5M in Flat-Rolled Stainless Steel, mainly from Germany ($1.64M), Denmark ($1.58M), Italy ($1.1M), Sweden ($925k), and Poland ($278k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Germany$71.6k (1%)
Netherlands$24.8k (292%)
Turkey$23.5k (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY Latvia WERE (2021 - 2022):
Poland-$503k (-97.4%)
Russia-$207k (-23.2%)
Denmark-$81.2k (-79%)
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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 Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, Latvia's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $112k
TOP IMPORT POTENTIALGermany+ $269k

Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $112k.   Flat-Rolled Stainless Steel’s highest import potential is Germany with an import gap of $269k.

See methodology.

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