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Exports In 2022, Latvia exported $11.7M in Iron Cloth, making it the 48th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 254th most exported product in Latvia. The main destination of Iron Cloth exports from Latvia are: Lithuania ($6.06M), Sweden ($2.2M), Estonia ($1.42M), Finland ($692k), and Norway ($321k).

The fastest growing export markets for Iron Cloth of Latvia between 2021 and 2022 were Lithuania ($294k), Netherlands ($175k), and Iceland ($144k).

Imports In 2022, Latvia imported $14.6M in Iron Cloth, becoming the 73rd largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 307th most imported product in Latvia. Latvia imports Iron Cloth primarily from: Lithuania ($3.96M), China ($2.56M), Poland ($1.97M), Estonia ($1.94M), and Italy ($631k).

The fastest growing import markets in Iron Cloth for Latvia between 2021 and 2022 were Estonia ($684k), Poland ($429k), and Finland ($275k).

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 Cloth. 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)$11.7M
IMPORTS (2022)$14.6M
NET TRADE (2022)-$2.91M

In 2022, Latvia exported $11.7M in Iron Cloth. The main destinations of Latvia exports on Iron Cloth were Lithuania ($6.06M), Sweden ($2.2M), Estonia ($1.42M), Finland ($692k), and Norway ($321k).

In 2022, Latvia imported $14.6M in Iron Cloth, mainly from Lithuania ($3.96M), China ($2.56M), Poland ($1.97M), Estonia ($1.94M), and Italy ($631k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$294k (5.1%)
Netherlands$175k (553%)
Iceland$144k (358%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Latvia WERE (2021 - 2022):
Finland-$929k (-57.3%)
Poland-$883k (-81%)
Sweden-$581k (-20.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Cloth were:
China $2.36B
Italy $728M
In 2022, Latvia's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $211k
TOP IMPORT POTENTIALChina+ $949k

Iron Cloth’s highest export potential is Netherlands. With an export gap of $211k.   Iron Cloth’s highest import potential is China with an import gap of $949k.

See methodology.

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