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Exports In 2023, Latvia exported $11M in Raw Iron Bars, making it the 84th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 264th most exported product in Latvia. The main destination of Raw Iron Bars exports from Latvia are: Lithuania ($3.16M), Estonia ($1.72M), Finland ($1.72M), Sweden ($1.4M), and Denmark ($1M).

The fastest growing export markets for Raw Iron Bars of Latvia between 2022 and 2023 were Estonia ($1.39M), Lithuania ($1.04M), and Netherlands ($371k).

Imports In 2023, Latvia imported $67.3M in Raw Iron Bars, becoming the 74th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 86th most imported product in Latvia. Latvia imports Raw Iron Bars primarily from: Lithuania ($23.4M), Poland ($10.1M), Estonia ($8.07M), Norway ($6.01M), and Algeria ($4.69M).

The fastest growing import markets in Raw Iron Bars for Latvia between 2022 and 2023 were Norway ($5.23M), Algeria ($4.69M), and Kazakhstan ($3.88M).

Latest Trends

Jan 2025

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 Raw Iron Bars. 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)$11M
IMPORTS (2023)$67.3M
NET TRADE (2023)-$56.3M

In 2023, Latvia exported $11M in Raw Iron Bars. The main destinations of Latvia exports on Raw Iron Bars were Lithuania ($3.16M), Estonia ($1.72M), Finland ($1.72M), Sweden ($1.4M), and Denmark ($1M).

In 2023, Latvia imported $67.3M in Raw Iron Bars, mainly from Lithuania ($23.4M), Poland ($10.1M), Estonia ($8.07M), Norway ($6.01M), and Algeria ($4.69M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Estonia$1.39M (413%)
Lithuania$1.04M (49%)
Netherlands$371k (92.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Latvia WERE (2022 - 2023):
Finland-$3.85M (-69.2%)
Sweden-$1.63M (-53.9%)
Norway-$257k (-44.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Latvia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $554k
TOP IMPORT POTENTIALRussia+ $2.19M

Raw Iron Bars’s highest export potential is Poland. With an export gap of $554k.   Raw Iron Bars’s highest import potential is Russia with an import gap of $2.19M.

See methodology.

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