2022
Exports
$4.4MWorld Rnk 81 / 175
Flag Rnk 405 / 1190
2022
PRODUCT COMPLEXITY IN Aluminium Bars
-0.097Rnk 580 / 1025
2022
Imports
$36MWorld Rnk 77 / 218
Flag Rnk 160 / 1203

About

Exports In 2022, Latvia exported $4.4M in Aluminium Bars, making it the 81st largest exporter of Aluminium Bars in the world. At the same year, Aluminium Bars was the 405th most exported product in Latvia. The main destination of Aluminium Bars exports from Latvia are: Germany ($653k), Ireland ($400k), Lithuania ($382k), Finland ($377k), and Estonia ($360k).

The fastest growing export markets for Aluminium Bars of Latvia between 2021 and 2022 were Germany ($538k), India ($247k), and Turkey ($207k).

Imports In 2022, Latvia imported $36M in Aluminium Bars, becoming the 77th largest importer of Aluminium Bars in the world. At the same year, Aluminium Bars was the 160th most imported product in Latvia. Latvia imports Aluminium Bars primarily from: Germany ($10.8M), Poland ($6.92M), Lithuania ($4.9M), Denmark ($2.95M), and Turkey ($1.63M).

The fastest growing import markets in Aluminium Bars for Latvia between 2021 and 2022 were Lithuania ($1.3M), Finland ($389k), and Denmark ($334k).

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 Aluminium 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 (2022)$4.4M
IMPORTS (2022)$36M
NET TRADE (2022)-$31.6M

In 2022, Latvia exported $4.4M in Aluminium Bars. The main destinations of Latvia exports on Aluminium Bars were Germany ($653k), Ireland ($400k), Lithuania ($382k), Finland ($377k), and Estonia ($360k).

In 2022, Latvia imported $36M in Aluminium Bars, mainly from Germany ($10.8M), Poland ($6.92M), Lithuania ($4.9M), Denmark ($2.95M), and Turkey ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Bars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Germany$538k (466%)
India$247k (1.15k%)
Turkey$207k (353%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Bars BY Latvia WERE (2021 - 2022):
Poland-$759k (-91.7%)
Romania-$361k (-55%)
United Arab Emirates-$280k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Aluminium Bars were:
China $3.88B
In 2022, Latvia's main importing competitors in Aluminium Bars were:

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Trade Value of Aluminium Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $818k
TOP IMPORT POTENTIALTurkey+ $1.25M

Aluminium Bars’s highest export potential is Germany. With an export gap of $818k.   Aluminium Bars’s highest import potential is Turkey with an import gap of $1.25M.

See methodology.

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