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Exports In 2022, Latvia exported $20.7M in Iron Blocks, making it the 54th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 178th most exported product in Latvia. The main destination of Iron Blocks exports from Latvia are: Lithuania ($8.8M), Estonia ($7.12M), Germany ($996k), Sweden ($950k), and Netherlands ($639k).

The fastest growing export markets for Iron Blocks of Latvia between 2021 and 2022 were Estonia ($4.36M), Lithuania ($1.46M), and Netherlands ($599k).

Imports In 2022, Latvia imported $70.7M in Iron Blocks, becoming the 61st largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 78th most imported product in Latvia. Latvia imports Iron Blocks primarily from: Poland ($17.1M), Estonia ($16.2M), Lithuania ($13.4M), Germany ($8.33M), and Denmark ($5.33M).

The fastest growing import markets in Iron Blocks for Latvia between 2021 and 2022 were Germany ($5.04M), Spain ($3.38M), and Estonia ($1.35M).

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 Iron Blocks. 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)$20.7M
IMPORTS (2022)$70.7M
NET TRADE (2022)-$50.1M

In 2022, Latvia exported $20.7M in Iron Blocks. The main destinations of Latvia exports on Iron Blocks were Lithuania ($8.8M), Estonia ($7.12M), Germany ($996k), Sweden ($950k), and Netherlands ($639k).

In 2022, Latvia imported $70.7M in Iron Blocks, mainly from Poland ($17.1M), Estonia ($16.2M), Lithuania ($13.4M), Germany ($8.33M), and Denmark ($5.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Estonia$4.36M (158%)
Lithuania$1.46M (19.9%)
Netherlands$599k (1.52k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Latvia WERE (2021 - 2022):
Denmark-$1.94M (-79.4%)
Poland-$1.04M (-87.8%)
Slovakia-$647k (-86.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Latvia's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $1.04M
TOP IMPORT POTENTIALSpain+ $1.27M

Iron Blocks’s highest export potential is Germany. With an export gap of $1.04M.   Iron Blocks’s highest import potential is Spain with an import gap of $1.27M.

See methodology.

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