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Exports In 2022, Latvia exported $1.41M in Flax Yarn, making it the 16th largest exporter of Flax Yarn in the world. At the same year, Flax Yarn was the 614th most exported product in Latvia. The main destination of Flax Yarn exports from Latvia are: France ($1.3M), Finland ($38.7k), Germany ($23.7k), United States ($13.7k), and United Kingdom ($10.5k).

The fastest growing export markets for Flax Yarn of Latvia between 2021 and 2022 were Finland ($22.4k), United States ($13.7k), and United Kingdom ($10.5k).

Imports In 2022, Latvia imported $129k in Flax Yarn, becoming the 59th largest importer of Flax Yarn in the world. At the same year, Flax Yarn was the 1042nd most imported product in Latvia. Latvia imports Flax Yarn primarily from: Lithuania ($53.3k), Poland ($32.4k), Estonia ($21.7k), Italy ($19.9k), and Bulgaria ($727).

The fastest growing import markets in Flax Yarn for Latvia between 2021 and 2022 were Lithuania ($28.2k), Italy ($18.3k), and Poland ($15.8k).

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 Flax Yarn. 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)$1.41M
IMPORTS (2022)$129k
NET TRADE (2022)$1.28M

In 2022, Latvia exported $1.41M in Flax Yarn. The main destinations of Latvia exports on Flax Yarn were France ($1.3M), Finland ($38.7k), Germany ($23.7k), United States ($13.7k), and United Kingdom ($10.5k).

In 2022, Latvia imported $129k in Flax Yarn, mainly from Lithuania ($53.3k), Poland ($32.4k), Estonia ($21.7k), Italy ($19.9k), and Bulgaria ($727).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flax Yarn EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Finland$22.4k (137%)
United States$13.7k (1%)
United Kingdom$10.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flax Yarn BY Latvia WERE (2021 - 2022):
France-$117k (-8.22%)
Belgium-$42.7k (-100%)
Germany-$17.2k (-42.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Flax Yarn were:
China $312M
Italy $58.4M
Poland $39.1M
In 2022, Latvia's main importing competitors in Flax Yarn were:
Italy $141M
India $64.6M
Turkey $55.7M

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Trade Value of Flax Yarn by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $23.6k
TOP IMPORT POTENTIALItaly+ $8.54k

Flax Yarn’s highest export potential is Germany. With an export gap of $23.6k.   Flax Yarn’s highest import potential is Italy with an import gap of $8.54k.

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