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Exports In 2023, Latvia exported $621M in Fuel Wood, making it the 5th largest exporter of Fuel Wood in the world. At the same year, Fuel Wood was the 4th most exported product in Latvia. The main destination of Fuel Wood exports from Latvia are: United Kingdom ($225M), Denmark ($115M), Sweden ($92.9M), Finland ($60.8M), and Lithuania ($39.7M).

The fastest growing export markets for Fuel Wood of Latvia between 2022 and 2023 were Sweden ($28.2M), Finland ($27.6M), and United States ($2.99M).

Imports In 2023, Latvia imported $73.8M in Fuel Wood, becoming the 24th largest importer of Fuel Wood in the world. At the same year, Fuel Wood was the 76th most imported product in Latvia. Latvia imports Fuel Wood primarily from: Lithuania ($44.7M), Estonia ($7.01M), Norway ($6.05M), Denmark ($5.35M), and United Kingdom ($2.89M).

The fastest growing import markets in Fuel Wood for Latvia between 2022 and 2023 were United Kingdom ($2.54M), Ukraine ($1.57M), and Denmark ($1.39M).

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 Fuel 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)$621M
IMPORTS (2023)$73.8M
NET TRADE (2023)$547M

In 2023, Latvia exported $621M in Fuel Wood. The main destinations of Latvia exports on Fuel Wood were United Kingdom ($225M), Denmark ($115M), Sweden ($92.9M), Finland ($60.8M), and Lithuania ($39.7M).

In 2023, Latvia imported $73.8M in Fuel Wood, mainly from Lithuania ($44.7M), Estonia ($7.01M), Norway ($6.05M), Denmark ($5.35M), and United Kingdom ($2.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fuel Wood EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Sweden$28.2M (43.6%)
Finland$27.6M (83.2%)
United States$2.99M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fuel Wood BY Latvia WERE (2022 - 2023):
United Kingdom-$42.8M (-16%)
Netherlands-$35.7M (-79.1%)
Italy-$15.5M (-53.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Fuel Wood were:
In 2023, Latvia's main importing competitors in Fuel Wood were:

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Trade Value of Fuel Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $7.86M
TOP IMPORT POTENTIALRussia+ $1.33M

Fuel Wood’s highest export potential is Italy. With an export gap of $7.86M.   Fuel Wood’s highest import potential is Russia with an import gap of $1.33M.

See methodology.

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