2022
Exports
$7.08MWorld Rnk 60 / 126
Flag Rnk 337 / 1190
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$8.05MWorld Rnk 116 / 210
Flag Rnk 414 / 1203

About

Exports In 2022, Latvia exported $7.08M in Hot-Rolled Iron Bars, making it the 60th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 337th most exported product in Latvia. The main destination of Hot-Rolled Iron Bars exports from Latvia are: Sweden ($4.27M), Iceland ($2.03M), Lithuania ($218k), Finland ($200k), and Netherlands ($140k).

The fastest growing export markets for Hot-Rolled Iron Bars of Latvia between 2021 and 2022 were Sweden ($2.21M), Netherlands ($133k), and Poland ($76.5k).

Imports In 2022, Latvia imported $8.05M in Hot-Rolled Iron Bars, becoming the 116th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 414th most imported product in Latvia. Latvia imports Hot-Rolled Iron Bars primarily from: Lithuania ($5.38M), Poland ($1.21M), Portugal ($406k), Ukraine ($207k), and Romania ($178k).

The fastest growing import markets in Hot-Rolled Iron Bars for Latvia between 2021 and 2022 were Lithuania ($968k), Portugal ($406k), and Romania ($178k).

Latest Trends

Sep 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 Hot-Rolled Iron 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)$7.08M
IMPORTS (2022)$8.05M
NET TRADE (2022)-$962k

In 2022, Latvia exported $7.08M in Hot-Rolled Iron Bars. The main destinations of Latvia exports on Hot-Rolled Iron Bars were Sweden ($4.27M), Iceland ($2.03M), Lithuania ($218k), Finland ($200k), and Netherlands ($140k).

In 2022, Latvia imported $8.05M in Hot-Rolled Iron Bars, mainly from Lithuania ($5.38M), Poland ($1.21M), Portugal ($406k), Ukraine ($207k), and Romania ($178k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$2.21M (108%)
Netherlands$133k (2.13k%)
Poland$76.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Latvia WERE (2021 - 2022):
Iceland-$5.96M (-74.6%)
Lithuania-$1.48M (-87.2%)
Norway-$963k (-94.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Latvia's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALLithuania+ $230k
TOP IMPORT POTENTIALPoland+ $327k

Hot-Rolled Iron Bars’s highest export potential is Lithuania. With an export gap of $230k.   Hot-Rolled Iron Bars’s highest import potential is Poland with an import gap of $327k.

See methodology.

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