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Exports In 2023, Latvia exported $6.93M in Iron Cloth, making it the 52nd largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 327th most exported product in Latvia. The main destination of Iron Cloth exports from Latvia are: Lithuania ($3.75M), Sweden ($769k), Finland ($765k), Estonia ($557k), and Poland ($341k).

The fastest growing export markets for Iron Cloth of Latvia between 2022 and 2023 were Finland ($154k), Poland ($134k), and Netherlands ($134k).

Imports In 2023, Latvia imported $9.98M in Iron Cloth, becoming the 78th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 367th most imported product in Latvia. Latvia imports Iron Cloth primarily from: Lithuania ($3.28M), Poland ($1.61M), Germany ($1.14M), China ($922k), and Estonia ($770k).

The fastest growing import markets in Iron Cloth for Latvia between 2022 and 2023 were Germany ($853k), Poland ($190k), and Denmark ($142k).

Latest Trends

Dec 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 Iron Cloth. 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 (2023)$6.93M
IMPORTS (2023)$9.98M
NET TRADE (2023)-$3.05M

In 2023, Latvia exported $6.93M in Iron Cloth. The main destinations of Latvia exports on Iron Cloth were Lithuania ($3.75M), Sweden ($769k), Finland ($765k), Estonia ($557k), and Poland ($341k).

In 2023, Latvia imported $9.98M in Iron Cloth, mainly from Lithuania ($3.28M), Poland ($1.61M), Germany ($1.14M), China ($922k), and Estonia ($770k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Finland$154k (25.2%)
Poland$134k (64.9%)
Netherlands$134k (68.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Latvia WERE (2022 - 2023):
Sweden-$1.35M (-63.7%)
Lithuania-$851k (-18.5%)
Norway-$335k (-98.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Iron Cloth were:
China $1.49B
Italy $505M
In 2023, Latvia's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $211k
TOP IMPORT POTENTIALChina+ $949k

Iron Cloth’s highest export potential is Netherlands. With an export gap of $211k.   Iron Cloth’s highest import potential is China with an import gap of $949k.

See methodology.

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