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2022
Exports $1.16MWorld Rnk 42 / 104
Flag Rnk 640 / 1190
2022
Destination $203k Lithuania
2021 - 2022
FASTEST GROWING MARKET $203kSweden
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $2.58MWorld Rnk 41 / 180
Flag Rnk 644 / 1203
2022
Origin $643k Azerbaijan
2021 - 2022
FASTEST GROWING ORIGIN $643kUnited Kingdom

About

Exports In 2022, Latvia exported $1.16M in Stainless Steel Ingots, making it the 42nd largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 640th most exported product in Latvia. The main destination of Stainless Steel Ingots exports from Latvia are: Lithuania ($398k), Sweden ($327k), Germany ($121k), Estonia ($111k), and Finland ($86.1k).

The fastest growing export markets for Stainless Steel Ingots of Latvia between 2021 and 2022 were Sweden ($203k), Lithuania ($182k), and Germany ($121k).

Imports In 2018, Latvia imported $2.58M in Stainless Steel Ingots, becoming the 41st largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 644th most imported product in Latvia. Latvia imports Stainless Steel Ingots primarily from: Azerbaijan ($1.25M), United Kingdom ($643k), Sweden ($265k), Lithuania ($158k), and Germany ($77.8k).

The fastest growing import markets in Stainless Steel Ingots for Latvia between 2021 and 2022 were United Kingdom ($643k), Sweden ($155k), and Bulgaria ($22.8k).

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 Stainless Steel Ingots. 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)$1.16M
IMPORTS (2022)$2.58M
NET TRADE (2022)-$1.42M

In 2022, Latvia exported $1.16M in Stainless Steel Ingots. The main destinations of Latvia exports on Stainless Steel Ingots were Lithuania ($398k), Sweden ($327k), Germany ($121k), Estonia ($111k), and Finland ($86.1k).

In 2022, Latvia imported $2.58M in Stainless Steel Ingots, mainly from Azerbaijan ($1.25M), United Kingdom ($643k), Sweden ($265k), Lithuania ($158k), and Germany ($77.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$203k (163%)
Lithuania$182k (84.2%)
Germany$121k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Latvia WERE (2021 - 2022):
Italy-$45.6k (-99.8%)
Netherlands-$10.5k (-41.2%)
China-$952 (-100%)
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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 Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
Sweden $298M
In 2022, Latvia's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M
Sweden $541M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSweden+ $97.5k
TOP IMPORT POTENTIALUnited Kingdom+ $158k

Stainless Steel Ingots’s highest export potential is Sweden. With an export gap of $97.5k.   Stainless Steel Ingots’s highest import potential is United Kingdom with an import gap of $158k.

See methodology.

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