2023
Exports
$469kWorld Rnk 101 / 150
Flag Rnk 756 / 1196
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$161kWorld Rnk 98 / 159
Flag Rnk 1013 / 1206

About

Exports In 2023, Latvia exported $469k in Crude Petroleum, making it the 101st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 756th most exported product in Latvia. The main destination of Crude Petroleum exports from Latvia are: Lithuania ($254k), Estonia ($212k), and Netherlands ($2.88k).

The fastest growing export markets for Crude Petroleum of Latvia between 2022 and 2023 were Netherlands ($1.95k).

Imports In 2023, Latvia imported $161k in Crude Petroleum, becoming the 98th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1013th most imported product in Latvia. Latvia imports Crude Petroleum primarily from: Ukraine ($160k), Netherlands ($463), Germany ($381), Poland ($133), and Belgium ($56).

The fastest growing import markets in Crude Petroleum for Latvia between 2022 and 2023 were Ukraine ($160k), Germany ($381), and Netherlands ($169).

Latest Trends

Dec 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 (2023)$469k
IMPORTS (2023)$161k
NET TRADE (2023)$308k

In 2023, Latvia exported $469k in Crude Petroleum. The main destinations of Latvia exports on Crude Petroleum were Lithuania ($254k), Estonia ($212k), and Netherlands ($2.88k).

In 2023, Latvia imported $161k in Crude Petroleum, mainly from Ukraine ($160k), Netherlands ($463), Germany ($381), Poland ($133), and Belgium ($56).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Latvia WERE (2022 - 2023):Netherlands$1.95k (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Latvia WERE (2022 - 2023):
Estonia-$937k (-81.5%)
Lithuania-$432k (-63%)
Ukraine-$177k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Latvia's main exporting competitors in Crude Petroleum were:
In 2023, 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