2023
Exports
$2.08MWorld Rnk 75 / 188
Flag Rnk 543 / 1196
2023
PRODUCT COMPLEXITY IN Building Stone
-1.09Rnk 853 / 1025
2023
Imports
$6.02MWorld Rnk 105 / 220
Flag Rnk 464 / 1206

About

Exports In 2023, Latvia exported $2.08M in Building Stone, making it the 75th largest exporter of Building Stone in the world. At the same year, Building Stone was the 543rd most exported product in Latvia. The main destination of Building Stone exports from Latvia are: Russia ($1.02M), Lithuania ($313k), Italy ($307k), Turkey ($148k), and Estonia ($59.1k).

The fastest growing export markets for Building Stone of Latvia between 2022 and 2023 were Italy ($306k), Turkey ($139k), and Lithuania ($107k).

Imports In 2023, Latvia imported $6.02M in Building Stone, becoming the 105th largest importer of Building Stone in the world. At the same year, Building Stone was the 464th most imported product in Latvia. Latvia imports Building Stone primarily from: China ($1.16M), Italy ($1.16M), India ($1.11M), Poland ($707k), and Estonia ($388k).

The fastest growing import markets in Building Stone for Latvia between 2022 and 2023 were Denmark ($181k), India ($141k), and France ($94.2k).

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 Building Stone. 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)$2.08M
IMPORTS (2023)$6.02M
NET TRADE (2023)-$3.94M

In 2023, Latvia exported $2.08M in Building Stone. The main destinations of Latvia exports on Building Stone were Russia ($1.02M), Lithuania ($313k), Italy ($307k), Turkey ($148k), and Estonia ($59.1k).

In 2023, Latvia imported $6.02M in Building Stone, mainly from China ($1.16M), Italy ($1.16M), India ($1.11M), Poland ($707k), and Estonia ($388k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Building Stone EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Italy$306k (148k%)
Turkey$139k (1.55k%)
Lithuania$107k (52.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Building Stone BY Latvia WERE (2022 - 2023):
Belarus-$235k (-100%)
France-$202k (-100%)
Estonia-$42.4k (-41.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Building Stone were:
China $4.46B
Italy $1.53B
India $1.29B
In 2023, Latvia's main importing competitors in Building Stone were:

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Trade Value of Building Stone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $224k
TOP IMPORT POTENTIALChina+ $774k

Building Stone’s highest export potential is Russia. With an export gap of $224k.   Building Stone’s highest import potential is China with an import gap of $774k.

See methodology.

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