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Exports In 2022, Latvia exported $786k in Iron Nails, making it the 72nd largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 690th most exported product in Latvia. The main destination of Iron Nails exports from Latvia are: Estonia ($272k), Sweden ($124k), Lithuania ($111k), United States ($66.3k), and United Kingdom ($53.3k).

The fastest growing export markets for Iron Nails of Latvia between 2021 and 2022 were Sweden ($49.6k), United States ($41.3k), and Finland ($26.6k).

Imports In 2022, Latvia imported $7.96M in Iron Nails, becoming the 82nd largest importer of Iron Nails in the world. At the same year, Iron Nails was the 416th most imported product in Latvia. Latvia imports Iron Nails primarily from: Poland ($2.3M), Lithuania ($1.57M), Turkey ($1.4M), Finland ($393k), and China ($387k).

The fastest growing import markets in Iron Nails for Latvia between 2021 and 2022 were Turkey ($1.37M), China ($321k), and Poland ($300k).

Latest Trends

Aug 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 Nails. 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)$786k
IMPORTS (2022)$7.96M
NET TRADE (2022)-$7.18M

In 2022, Latvia exported $786k in Iron Nails. The main destinations of Latvia exports on Iron Nails were Estonia ($272k), Sweden ($124k), Lithuania ($111k), United States ($66.3k), and United Kingdom ($53.3k).

In 2022, Latvia imported $7.96M in Iron Nails, mainly from Poland ($2.3M), Lithuania ($1.57M), Turkey ($1.4M), Finland ($393k), and China ($387k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$49.6k (67.1%)
United States$41.3k (165%)
Finland$26.6k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Latvia WERE (2021 - 2022):
Ireland-$68.5k (-100%)
Norway-$57.3k (-88.3%)
Denmark-$14.7k (-87%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Nails were:
In 2022, Latvia's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $235k
TOP IMPORT POTENTIALChina+ $400k

Iron Nails’s highest export potential is United States. With an export gap of $235k.   Iron Nails’s highest import potential is China with an import gap of $400k.

See methodology.

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