2022
Exports
$20.7MWorld Rnk 54 / 177
Flag Rnk 178 / 1190
falsefalse Lithuania
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$70.7MWorld Rnk 61 / 219
Flag Rnk 78 / 1203

About

Exports In 2022, Latvia exported $20.7M in Iron Blocks, making it the 54th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 178th most exported product in Latvia. The main destination of Iron Blocks exports from Latvia are: Lithuania ($8.8M), Estonia ($7.12M), Germany ($996k), Sweden ($950k), and Netherlands ($639k).

Imports In 2022, Latvia imported $70.7M in Iron Blocks, becoming the 61st largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 78th most imported product in Latvia. Latvia imports Iron Blocks primarily from: Poland ($17.1M), Estonia ($16.2M), Lithuania ($13.4M), Germany ($8.33M), and Denmark ($5.33M).

The fastest growing import markets in Iron Blocks for Latvia between 2021 and 2022 were Germany ($5.04M), Spain ($3.38M), and Estonia ($1.35M).

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 Iron Blocks. 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)$20.7M
IMPORTS (2022)$70.7M
NET TRADE (2022)-$50.1M

In 2022, Latvia exported $20.7M in Iron Blocks. The main destinations of Latvia exports on Iron Blocks were Lithuania ($8.8M), Estonia ($7.12M), Germany ($996k), Sweden ($950k), and Netherlands ($639k).

In 2022, Latvia imported $70.7M in Iron Blocks, mainly from Poland ($17.1M), Estonia ($16.2M), Lithuania ($13.4M), Germany ($8.33M), and Denmark ($5.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Latvia's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.04M
TOP IMPORT POTENTIALSpain+ $1.27M

Iron Blocks’s highest export potential is Germany. With an export gap of $1.04M.   Iron Blocks’s highest import potential is Spain with an import gap of $1.27M.

See methodology.

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