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Exports In 2022, Latvia exported $5.3M in Carbon, making it the 41st largest exporter of Carbon in the world. At the same year, Carbon was the 369th most exported product in Latvia. The main destination of Carbon exports from Latvia are: Austria ($3.68M), Poland ($796k), Germany ($600k), India ($63.4k), and Belarus ($45.1k).

The fastest growing export markets for Carbon of Latvia between 2021 and 2022 were Austria ($3.58M), Poland ($629k), and India ($63.4k).

Imports In 2022, Latvia imported $569k in Carbon, becoming the 90th largest importer of Carbon in the world. At the same year, Carbon was the 895th most imported product in Latvia. Latvia imports Carbon primarily from: Germany ($211k), Norway ($164k), Lithuania ($73.7k), Russia ($34.5k), and Estonia ($31.5k).

The fastest growing import markets in Carbon for Latvia between 2021 and 2022 were Norway ($164k), Lithuania ($65.9k), and Kazakhstan ($16.9k).

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 Carbon. 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)$5.3M
IMPORTS (2022)$569k
NET TRADE (2022)$4.73M

In 2022, Latvia exported $5.3M in Carbon. The main destinations of Latvia exports on Carbon were Austria ($3.68M), Poland ($796k), Germany ($600k), India ($63.4k), and Belarus ($45.1k).

In 2022, Latvia imported $569k in Carbon, mainly from Germany ($211k), Norway ($164k), Lithuania ($73.7k), Russia ($34.5k), and Estonia ($31.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbon EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Austria$3.58M (3.51k%)
Poland$629k (378%)
India$63.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbon BY Latvia WERE (2021 - 2022):
Germany-$1.37M (-69.6%)
United Kingdom-$334k (-100%)
Spain-$10.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Carbon were:
China $1.45B
In 2022, Latvia's main importing competitors in Carbon were:

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Trade Value of Carbon by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $472k
TOP IMPORT POTENTIALRussia+ $70.9k

Carbon’s highest export potential is Poland. With an export gap of $472k.   Carbon’s highest import potential is Russia with an import gap of $70.9k.

See methodology.

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