2022
Exports
$2.14MWorld Rnk 100 / 149
Flag Rnk 543 / 1190
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$3.25kWorld Rnk 131 / 158
Flag Rnk 1166 / 1203

About

Exports In 2022, Latvia exported $2.14M in Crude Petroleum, making it the 100th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 543rd most exported product in Latvia. The main destination of Crude Petroleum exports from Latvia are: Estonia ($1.15M), Lithuania ($827k), Ukraine ($161k), and Netherlands ($824).

The fastest growing export markets for Crude Petroleum of Latvia between 2021 and 2022 were Lithuania ($282k) and Netherlands ($801).

Imports In 2022, Latvia imported $3.25k in Crude Petroleum, becoming the 131st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1166th most imported product in Latvia. Latvia imports Crude Petroleum primarily from: Poland ($1.98k), Cyprus ($665), Belgium ($301), Netherlands ($294), and Estonia ($4).

The fastest growing import markets in Crude Petroleum for Latvia between 2021 and 2022 were Cyprus ($665), Netherlands ($288), and Belgium ($254).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.14M
IMPORTS (2022)$3.25k
NET TRADE (2022)$2.14M

In 2022, Latvia exported $2.14M in Crude Petroleum. The main destinations of Latvia exports on Crude Petroleum were Estonia ($1.15M), Lithuania ($827k), Ukraine ($161k), and Netherlands ($824).

In 2022, Latvia imported $3.25k in Crude Petroleum, mainly from Poland ($1.98k), Cyprus ($665), Belgium ($301), Netherlands ($294), and Estonia ($4).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$282k (51.8%)
Netherlands$801 (3.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Latvia WERE (2021 - 2022):
Ukraine-$640k (-79.9%)
Estonia-$92.8k (-7.47%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Latvia's main exporting competitors in Crude Petroleum were:
In 2022, Latvia's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALLithuania+ $409k
TOP IMPORT POTENTIALNetherlands+ $2.13k

Crude Petroleum’s highest export potential is Lithuania. With an export gap of $409k.   Crude Petroleum’s highest import potential is Netherlands with an import gap of $2.13k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with