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Exports In 2022, Latvia exported $1.17B in Petroleum Gas, making it the 46th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Latvia. The main destination of Petroleum Gas exports from Latvia are: Finland ($571M), Estonia ($372M), Lithuania ($183M), Poland ($23M), and Ukraine ($11.6M).

The fastest growing export markets for Petroleum Gas of Latvia between 2021 and 2022 were Finland ($501M), Estonia ($301M), and Lithuania ($109M).

Imports In 2022, Latvia imported $2.46B in Petroleum Gas, becoming the 35th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in Latvia. Latvia imports Petroleum Gas primarily from: Lithuania ($1.77B), Russia ($562M), Estonia ($97M), Finland ($22.3M), and Kazakhstan ($4.15M).

The fastest growing import markets in Petroleum Gas for Latvia between 2021 and 2022 were Lithuania ($1.73B), Russia ($86M), and Estonia ($68.2M).

Latest Trends

Sep 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 Petroleum Gas. 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)$1.17B
IMPORTS (2022)$2.46B
NET TRADE (2022)-$1.28B

In 2022, Latvia exported $1.17B in Petroleum Gas. The main destinations of Latvia exports on Petroleum Gas were Finland ($571M), Estonia ($372M), Lithuania ($183M), Poland ($23M), and Ukraine ($11.6M).

In 2022, Latvia imported $2.46B in Petroleum Gas, mainly from Lithuania ($1.77B), Russia ($562M), Estonia ($97M), Finland ($22.3M), and Kazakhstan ($4.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Finland$501M (718%)
Estonia$301M (427%)
Lithuania$109M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Latvia WERE (2021 - 2022):
Ukraine-$3.19M (-21.6%)
Russia-$1.6M (-100%)
Italy-$73.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Petroleum Gas were:
In 2022, Latvia's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $14.5M
TOP IMPORT POTENTIALRussia+ $124M

Petroleum Gas’s highest export potential is Poland. With an export gap of $14.5M.   Petroleum Gas’s highest import potential is Russia with an import gap of $124M.

See methodology.

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