2022
Exports
$9.64MWorld Rnk 33 / 126
Flag Rnk 288 / 1190
2022
PRODUCT COMPLEXITY IN Iron Railway Products
0.37Rnk 418 / 1025
2022
Imports
$5.37MWorld Rnk 79 / 203
Flag Rnk 509 / 1203

About

Exports In 2022, Latvia exported $9.64M in Iron Railway Products, making it the 33rd largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 288th most exported product in Latvia. The main destination of Iron Railway Products exports from Latvia are: France ($4.56M), Estonia ($2.25M), Denmark ($2.05M), Lithuania ($535k), and Finland ($150k).

The fastest growing export markets for Iron Railway Products of Latvia between 2021 and 2022 were France ($2.81M), Denmark ($1.3M), and Estonia ($431k).

Imports In 2022, Latvia imported $5.37M in Iron Railway Products, becoming the 79th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 509th most imported product in Latvia. Latvia imports Iron Railway Products primarily from: Lithuania ($2.26M), Spain ($1.32M), Austria ($774k), Poland ($472k), and Ukraine ($157k).

The fastest growing import markets in Iron Railway Products for Latvia between 2021 and 2022 were Spain ($1.32M), Lithuania ($530k), and Austria ($456k).

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 Iron Railway Products. 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)$9.64M
IMPORTS (2022)$5.37M
NET TRADE (2022)$4.27M

In 2022, Latvia exported $9.64M in Iron Railway Products. The main destinations of Latvia exports on Iron Railway Products were France ($4.56M), Estonia ($2.25M), Denmark ($2.05M), Lithuania ($535k), and Finland ($150k).

In 2022, Latvia imported $5.37M in Iron Railway Products, mainly from Lithuania ($2.26M), Spain ($1.32M), Austria ($774k), Poland ($472k), and Ukraine ($157k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
France$2.81M (161%)
Denmark$1.3M (175%)
Estonia$431k (23.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Latvia WERE (2021 - 2022):
Uzbekistan-$2.06M (-100%)
Lithuania-$1.52M (-73.9%)
Pakistan-$445k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $91.7k
TOP IMPORT POTENTIALPoland+ $169k

Iron Railway Products’s highest export potential is Netherlands. With an export gap of $91.7k.   Iron Railway Products’s highest import potential is Poland with an import gap of $169k.

See methodology.

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