2022
Exports
$2.75MWorld Rnk 63 / 178
Flag Rnk 491 / 1190
2022
PRODUCT COMPLEXITY IN Gravel and Crushed Stone
-0.31Rnk 651 / 1025
2022
Imports
$19.9MWorld Rnk 33 / 207
Flag Rnk 246 / 1203

About

Exports In 2022, Latvia exported $2.75M in Gravel and Crushed Stone, making it the 63rd largest exporter of Gravel and Crushed Stone in the world. At the same year, Gravel and Crushed Stone was the 491st most exported product in Latvia. The main destination of Gravel and Crushed Stone exports from Latvia are: Lithuania ($1.55M), Estonia ($922k), Netherlands ($277k), United Kingdom ($1.66k), and South Korea ($187).

The fastest growing export markets for Gravel and Crushed Stone of Latvia between 2021 and 2022 were Netherlands ($235k), Estonia ($167k), and United Kingdom ($1.66k).

Imports In 2022, Latvia imported $19.9M in Gravel and Crushed Stone, becoming the 33rd largest importer of Gravel and Crushed Stone in the world. At the same year, Gravel and Crushed Stone was the 246th most imported product in Latvia. Latvia imports Gravel and Crushed Stone primarily from: Lithuania ($7.89M), Norway ($7.14M), Sweden ($1.81M), Czechia ($727k), and Netherlands ($427k).

The fastest growing import markets in Gravel and Crushed Stone for Latvia between 2021 and 2022 were Lithuania ($1.79M), Norway ($1.55M), and Sweden ($1.32M).

Latest Trends

Oct 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 Gravel and Crushed Stone. 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)$2.75M
IMPORTS (2022)$19.9M
NET TRADE (2022)-$17.1M

In 2022, Latvia exported $2.75M in Gravel and Crushed Stone. The main destinations of Latvia exports on Gravel and Crushed Stone were Lithuania ($1.55M), Estonia ($922k), Netherlands ($277k), United Kingdom ($1.66k), and South Korea ($187).

In 2022, Latvia imported $19.9M in Gravel and Crushed Stone, mainly from Lithuania ($7.89M), Norway ($7.14M), Sweden ($1.81M), Czechia ($727k), and Netherlands ($427k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gravel and Crushed Stone EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Netherlands$235k (564%)
Estonia$167k (22.1%)
United Kingdom$1.66k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gravel and Crushed Stone BY Latvia WERE (2021 - 2022):
Lithuania-$242k (-13.6%)
Sweden-$44.7k (-100%)
Russia-$4.98k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Gravel and Crushed Stone were:
In 2022, Latvia's main importing competitors in Gravel and Crushed Stone were:

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Trade Value of Gravel and Crushed Stone by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $113k
TOP IMPORT POTENTIALGermany+ $215k

Gravel and Crushed Stone’s highest export potential is Netherlands. With an export gap of $113k.   Gravel and Crushed Stone’s highest import potential is Germany with an import gap of $215k.

See methodology.

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