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Exports In 2023, Latvia exported $793M in Sawn Wood, making it the 10th largest exporter of Sawn Wood in the world. At the same year, Sawn Wood was the 2nd most exported product in Latvia. The main destination of Sawn Wood exports from Latvia are: United Kingdom ($322M), Netherlands ($49.1M), Estonia ($43.7M), United States ($37.8M), and Germany ($36.6M).

The fastest growing export markets for Sawn Wood of Latvia between 2022 and 2023 were United Arab Emirates ($4.51M), Finland ($3.54M), and China ($2.95M).

Imports In 2023, Latvia imported $117M in Sawn Wood, becoming the 44th largest importer of Sawn Wood in the world. At the same year, Sawn Wood was the 36th most imported product in Latvia. Latvia imports Sawn Wood primarily from: Finland ($40.2M), Estonia ($24.9M), Sweden ($24M), Ukraine ($11.9M), and Lithuania ($6.19M).

The fastest growing import markets in Sawn Wood for Latvia between 2022 and 2023 were Finland ($5.71M), Sweden ($2.88M), and United States ($810k).

Latest Trends

Dec 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 Sawn Wood. 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)$793M
IMPORTS (2023)$117M
NET TRADE (2023)$676M

In 2023, Latvia exported $793M in Sawn Wood. The main destinations of Latvia exports on Sawn Wood were United Kingdom ($322M), Netherlands ($49.1M), Estonia ($43.7M), United States ($37.8M), and Germany ($36.6M).

In 2023, Latvia imported $117M in Sawn Wood, mainly from Finland ($40.2M), Estonia ($24.9M), Sweden ($24M), Ukraine ($11.9M), and Lithuania ($6.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sawn Wood EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United Arab Emirates$4.51M (53.8%)
Finland$3.54M (215%)
China$2.95M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sawn Wood BY Latvia WERE (2022 - 2023):
United Kingdom-$117M (-26.6%)
Belgium-$51.6M (-77%)
United States-$48.7M (-56.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Sawn Wood were:
Canada $6.58B
Sweden $3.58B
Russia $3.49B
In 2023, Latvia's main importing competitors in Sawn Wood were:

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Trade Value of Sawn Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $45.5M
TOP IMPORT POTENTIALRussia+ $9.45M

Sawn Wood’s highest export potential is United States. With an export gap of $45.5M.   Sawn Wood’s highest import potential is Russia with an import gap of $9.45M.

See methodology.

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