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Exports In 2022, Latvia exported $5.68M in Iron Chains, making it the 44th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 361st most exported product in Latvia. The main destination of Iron Chains exports from Latvia are: Russia ($1.56M), Spain ($1.12M), Germany ($1.02M), Italy ($554k), and Lithuania ($252k).

The fastest growing export markets for Iron Chains of Latvia between 2021 and 2022 were Spain ($541k), Norway ($117k), and Ukraine ($109k).

Imports In 2022, Latvia imported $8.51M in Iron Chains, becoming the 79th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 402nd most imported product in Latvia. Latvia imports Iron Chains primarily from: Germany ($1.39M), Denmark ($1.01M), Lithuania ($933k), Finland ($795k), and China ($720k).

The fastest growing import markets in Iron Chains for Latvia between 2021 and 2022 were Denmark ($773k), Germany ($182k), and Ukraine ($175k).

Latest Trends

Aug 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 Chains. 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)$5.68M
IMPORTS (2022)$8.51M
NET TRADE (2022)-$2.83M

In 2022, Latvia exported $5.68M in Iron Chains. The main destinations of Latvia exports on Iron Chains were Russia ($1.56M), Spain ($1.12M), Germany ($1.02M), Italy ($554k), and Lithuania ($252k).

In 2022, Latvia imported $8.51M in Iron Chains, mainly from Germany ($1.39M), Denmark ($1.01M), Lithuania ($933k), Finland ($795k), and China ($720k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Spain$541k (93.2%)
Norway$117k (508%)
Ukraine$109k (84%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Latvia WERE (2021 - 2022):
Russia-$891k (-36.3%)
Germany-$193k (-15.9%)
Austria-$71.6k (-76.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Chains were:
China $2.52B
Japan $503M
In 2022, Latvia's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $436k
TOP IMPORT POTENTIALChina+ $575k

Iron Chains’s highest export potential is Germany. With an export gap of $436k.   Iron Chains’s highest import potential is China with an import gap of $575k.

See methodology.

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