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Exports In 2022, Latvia exported $2.46M in Rock Wool, making it the 55th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 508th most exported product in Latvia. The main destination of Rock Wool exports from Latvia are: Lithuania ($702k), Estonia ($632k), United Kingdom ($150k), Germany ($149k), and Iceland ($76.7k).

The fastest growing export markets for Rock Wool of Latvia between 2021 and 2022 were Lithuania ($164k), Germany ($117k), and Thailand ($65.7k).

Imports In 2022, Latvia imported $37.1M in Rock Wool, becoming the 42nd largest importer of Rock Wool in the world. At the same year, Rock Wool was the 155th most imported product in Latvia. Latvia imports Rock Wool primarily from: Lithuania ($14.9M), Poland ($12.2M), Belarus ($1.68M), Finland ($1.59M), and Germany ($1.14M).

The fastest growing import markets in Rock Wool for Latvia between 2021 and 2022 were Poland ($3.33M), Lithuania ($2.68M), and Finland ($1.21M).

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 Rock Wool. 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)$2.46M
IMPORTS (2022)$37.1M
NET TRADE (2022)-$34.6M

In 2022, Latvia exported $2.46M in Rock Wool. The main destinations of Latvia exports on Rock Wool were Lithuania ($702k), Estonia ($632k), United Kingdom ($150k), Germany ($149k), and Iceland ($76.7k).

In 2022, Latvia imported $37.1M in Rock Wool, mainly from Lithuania ($14.9M), Poland ($12.2M), Belarus ($1.68M), Finland ($1.59M), and Germany ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$164k (30.4%)
Germany$117k (360%)
Thailand$65.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Latvia WERE (2021 - 2022):
United States-$345k (-96.6%)
Russia-$217k (-76.8%)
Norway-$80.3k (-68.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Rock Wool were:
In 2022, Latvia's main importing competitors in Rock Wool were:

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $193k
TOP IMPORT POTENTIALGermany+ $661k

Rock Wool’s highest export potential is Germany. With an export gap of $193k.   Rock Wool’s highest import potential is Germany with an import gap of $661k.

See methodology.

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