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Exports In 2022, Latvia exported $2.35M in Barbed Wire, making it the 21st largest exporter of Barbed Wire in the world. At the same year, Barbed Wire was the 521st most exported product in Latvia. The main destination of Barbed Wire exports from Latvia are: Lithuania ($2.16M), Poland ($127k), Estonia ($44.4k), Canada ($10.6k), and Denmark ($4.11k).

The fastest growing export markets for Barbed Wire of Latvia between 2021 and 2022 were Lithuania ($1.66M), Poland ($127k), and Estonia ($38k).

Imports In 2022, Latvia imported $1.84M in Barbed Wire, becoming the 65th largest importer of Barbed Wire in the world. At the same year, Barbed Wire was the 706th most imported product in Latvia. Latvia imports Barbed Wire primarily from: Turkey ($647k), China ($484k), Poland ($431k), Lithuania ($234k), and Russia ($37.6k).

The fastest growing import markets in Barbed Wire for Latvia between 2021 and 2022 were Turkey ($369k), China ($287k), and Lithuania ($224k).

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 Barbed Wire. 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)$2.35M
IMPORTS (2022)$1.84M
NET TRADE (2022)$503k

In 2022, Latvia exported $2.35M in Barbed Wire. The main destinations of Latvia exports on Barbed Wire were Lithuania ($2.16M), Poland ($127k), Estonia ($44.4k), Canada ($10.6k), and Denmark ($4.11k).

In 2022, Latvia imported $1.84M in Barbed Wire, mainly from Turkey ($647k), China ($484k), Poland ($431k), Lithuania ($234k), and Russia ($37.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Barbed Wire EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$1.66M (334%)
Poland$127k (1%)
Estonia$38k (597%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Barbed Wire BY Latvia WERE (2021 - 2022):
France-$89k (-100%)
Finland-$425 (-52.6%)
Ukraine-$334 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Barbed Wire were:
China $215M
Spain $19.2M
In 2022, Latvia's main importing competitors in Barbed Wire were:

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Trade Value of Barbed Wire by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $19k
TOP IMPORT POTENTIALChina+ $30.3k

Barbed Wire’s highest export potential is Poland. With an export gap of $19k.   Barbed Wire’s highest import potential is China with an import gap of $30.3k.

See methodology.

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