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Exports In 2022, Latvia exported $38.4M in Hydrogen, making it the 36th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 102nd most exported product in Latvia. The main destination of Hydrogen exports from Latvia are: India ($33.1M), Estonia ($2.51M), Lithuania ($2.2M), Turkey ($141k), and Poland ($126k).

The fastest growing export markets for Hydrogen of Latvia between 2021 and 2022 were India ($33.1M), Turkey ($141k), and Poland ($126k).

Imports In 2022, Latvia imported $6.75M in Hydrogen, becoming the 71st largest importer of Hydrogen in the world. At the same year, Hydrogen was the 460th most imported product in Latvia. Latvia imports Hydrogen primarily from: Poland ($1.45M), Estonia ($1.35M), Finland ($1.01M), Lithuania ($983k), and Austria ($776k).

The fastest growing import markets in Hydrogen for Latvia between 2021 and 2022 were Estonia ($544k), Russia ($305k), and Austria ($264k).

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 Hydrogen. 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)$38.4M
IMPORTS (2022)$6.75M
NET TRADE (2022)$31.6M

In 2022, Latvia exported $38.4M in Hydrogen. The main destinations of Latvia exports on Hydrogen were India ($33.1M), Estonia ($2.51M), Lithuania ($2.2M), Turkey ($141k), and Poland ($126k).

In 2022, Latvia imported $6.75M in Hydrogen, mainly from Poland ($1.45M), Estonia ($1.35M), Finland ($1.01M), Lithuania ($983k), and Austria ($776k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
India$33.1M (1%)
Turkey$141k (1%)
Poland$126k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Latvia WERE (2021 - 2022):
Singapore-$415k (-100%)
Russia-$408k (-94.4%)
Italy-$345k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Hydrogen were:
In 2022, Latvia's main importing competitors in Hydrogen were:
China $3.46B
Japan $1.98B
Germany $1.73B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $263k
TOP IMPORT POTENTIALRussia+ $259k

Hydrogen’s highest export potential is Poland. With an export gap of $263k.   Hydrogen’s highest import potential is Russia with an import gap of $259k.

See methodology.

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