Wood Crates in Latvia

EXPORTS (2018): $124M, World Rnk 9 / 146
Flag Rnk 24 / 1120

TOP DESTINATION (2018): $42.1M, Germany

FASTEST GROWING MARKET (2017 - 2018): $11M, Germany

IMPORTS (2018): $13M, World Rnk 38 / 201
Flag Rnk 278 / 1175

TOP ORIGIN (2018): $4.66M, Lithuania

FASTEST GROWING ORIGIN (2017 - 2018): $1.64M, Lithuania

ECONOMIC COMPLEXITY of Latvia (2018): 0.84, Rnk 36 / 137

PRODUCT COMPLEXITY  IN Wood Crates (2018): 0.15, Rnk 485 / 1018

Overview: This page contains the latest trade data of Wood Crates in Latvia.

Exports: In 2018, Latvia exported $124M in Wood Crates, making it the 9th largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 24th most exported product in Latvia. The main destination of Wood Crates exports from Latvia are: Germany ($42.1M), Netherlands ($10.8M), Belgium-Luxembourg ($8.54M), France ($8.09M), and Lithuania ($6.36M).

The fastest growing export markets for Wood Crates of Latvia between 2017 and 2018 were Germany ($11M), Sweden ($4.98M), and Estonia ($4.46M).

Imports: In 2018, Latvia imported $13M in Wood Crates, becoming the 38th largest importer of Wood Crates in the world. At the same year, Wood Crates was the 278th most imported product in Latvia. Latvia imports Wood Crates primarily from: Lithuania ($4.66M), Estonia ($2.95M), Poland ($1.89M), Denmark ($643k), and Russia ($498k).

The fastest growing import markets in Wood Crates for Latvia between 2017 and 2018 were Lithuania ($1.64M), Russia ($220k), and Sweden ($202k).

Tariffs: In 2017, the average tariff for Latvia in Wood Crates was 1.39%. The countries with the highest import tariffs for Wood Crates were Western Sahara (3.5%), Gabon (3.5%), Libya (3.5%), Mayotte (3.5%), and Reunion (3.5%).

Value

EXPORTS (2018): $124M

IMPORTS (2018): $13M

NET TRADE (2018): $111M

In 2018, Latvia exported $124M in Wood Crates. The main destinations of Latvia exports on Wood Crates were Germany ($42.1M), Netherlands ($10.8M), Belgium-Luxembourg ($8.54M), France ($8.09M), and Lithuania ($6.36M).

In 2018, Latvia imported $13M in Wood Crates, mainly from Lithuania ($4.66M), Estonia ($2.95M), Poland ($1.89M), Denmark ($643k), and Russia ($498k).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Wood Crates WITH:

  • Germany, $41.7M ($42.1M - $349k)
  • Netherlands, $10.7M ($10.8M - $99.3k)
  • Belgium-Luxembourg, $8.47M ($8.54M - $62.8k)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Wood Crates WITH:

  • Russia, -$368k ($130k - $498k)
  • Belarus, -$91.6k ($51.2k - $143k)
  • Croatia, -$32.1k ($8.84k - $40.9k)
Flow

THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY Latvia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Latvia's main exporting competitors in Wood Crates were:

In 2018, Latvia's main importing competitors in Wood Crates were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Wood Crates in Latvia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Latvia in Wood Crates was 1.39%.

The countries with the highest tariffs for Wood Crates in Latvia were Western Sahara (3.5%), Gabon (3.5%), Libya (3.5%), Mayotte (3.5%), and Reunion (3.5%).

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