2022
Exports
$27.1MWorld Rnk 48 / 215
Flag Rnk 151 / 1190
2022
PRODUCT COMPLEXITY IN Iron Pipe Fittings
1.14Rnk 121 / 1025
2022
Imports
$27.7MWorld Rnk 76 / 224
Flag Rnk 201 / 1203

About

Exports In 2022, Latvia exported $27.1M in Iron Pipe Fittings, making it the 48th largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 151st most exported product in Latvia. The main destination of Iron Pipe Fittings exports from Latvia are: Russia ($16M), Sweden ($3.1M), Lithuania ($2.28M), Estonia ($1.02M), and Finland ($743k).

The fastest growing export markets for Iron Pipe Fittings of Latvia between 2021 and 2022 were Russia ($14.5M), Finland ($442k), and Sweden ($400k).

Imports In 2022, Latvia imported $27.7M in Iron Pipe Fittings, becoming the 76th largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 201st most imported product in Latvia. Latvia imports Iron Pipe Fittings primarily from: Poland ($8.52M), Germany ($4.78M), Lithuania ($2.99M), Italy ($2.75M), and Netherlands ($1.31M).

The fastest growing import markets in Iron Pipe Fittings for Latvia between 2021 and 2022 were Poland ($3.4M), Lithuania ($1.41M), and Denmark ($480k).

Latest Trends

Mar 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 Pipe Fittings. 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)$27.1M
IMPORTS (2022)$27.7M
NET TRADE (2022)-$597k

In 2022, Latvia exported $27.1M in Iron Pipe Fittings. The main destinations of Latvia exports on Iron Pipe Fittings were Russia ($16M), Sweden ($3.1M), Lithuania ($2.28M), Estonia ($1.02M), and Finland ($743k).

In 2022, Latvia imported $27.7M in Iron Pipe Fittings, mainly from Poland ($8.52M), Germany ($4.78M), Lithuania ($2.99M), Italy ($2.75M), and Netherlands ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$14.5M (1.01k%)
Finland$442k (147%)
Sweden$400k (14.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Latvia WERE (2021 - 2022):
Germany-$1.2M (-72.2%)
Oman-$189k (-100%)
Qatar-$151k (-86.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Pipe Fittings were:
In 2022, Latvia's main importing competitors in Iron Pipe Fittings were:

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Trade Value of Iron Pipe Fittings by Exporters

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