Refined Petroleum in Latvia | The Observatory of Economic Complexity

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Exports In 2022, Latvia exported $482M in Refined Petroleum, making it the 78th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most exported product in Latvia. The main destination of Refined Petroleum exports from Latvia are: Ukraine ($106M), Lithuania ($92.6M), Germany ($69.3M), Morocco ($54.2M), and Brazil ($28.5M).

The fastest growing export markets for Refined Petroleum of Latvia between 2021 and 2022 were Ukraine ($106M), Morocco ($54M), and Germany ($43.2M).

Imports In 2022, Latvia imported $1.57B in Refined Petroleum, becoming the 91st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Latvia. Latvia imports Refined Petroleum primarily from: Lithuania ($1.04B), Finland ($206M), Russia ($164M), Netherlands ($37.4M), and Estonia ($21.6M).

The fastest growing import markets in Refined Petroleum for Latvia between 2021 and 2022 were Lithuania ($556M), Netherlands ($23M), and Kazakhstan ($17.5M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Latvia to the United States.

Feb 2024

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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 Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$482M

IMPORTS (2022)$1.57B

NET TRADE (2022)-$1.09B

In 2022, Latvia exported $482M in Refined Petroleum. The main destinations of Latvia exports on Refined Petroleum were Ukraine ($106M), Lithuania ($92.6M), Germany ($69.3M), Morocco ($54.2M), and Brazil ($28.5M).

In 2022, Latvia imported $1.57B in Refined Petroleum, mainly from Lithuania ($1.04B), Finland ($206M), Russia ($164M), Netherlands ($37.4M), and Estonia ($21.6M).