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Exports In 2018, Latvia exported $2.55M in Iron Nails, making it the 54th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 500th most exported product in Latvia. The main destination of Iron Nails exports from Latvia are: United States ($1.74M), Lithuania ($426k), Netherlands ($139k), Iceland ($69.8k), and Estonia ($67.6k).

The fastest growing export markets for Iron Nails of Latvia between 2022 and 2023 were United States ($1.5M), Lithuania ($313k), and Iceland ($50.5k).

Imports In 2023, Latvia imported $4.54M in Iron Nails, becoming the 91st largest importer of Iron Nails in the world. At the same year, Iron Nails was the 520th most imported product in Latvia. Latvia imports Iron Nails primarily from: Poland ($1.23M), Lithuania ($1.05M), China ($526k), Finland ($300k), and Sweden ($268k).

The fastest growing import markets in Iron Nails for Latvia between 2022 and 2023 were China ($165k), Denmark ($110k), and Germany ($41.7k).

COMPANIES In 2024, leading companies such as Continental Materials (1) were at the forefront of shipping Iron Nails from Latvia to the United States.

Latest Trends

Dec 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 Nails. 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 (2023)$2.55M
IMPORTS (2023)$4.54M
NET TRADE (2023)-$1.99M

In 2023, Latvia exported $2.55M in Iron Nails. The main destinations of Latvia exports on Iron Nails were United States ($1.74M), Lithuania ($426k), Netherlands ($139k), Iceland ($69.8k), and Estonia ($67.6k).

In 2023, Latvia imported $4.54M in Iron Nails, mainly from Poland ($1.23M), Lithuania ($1.05M), China ($526k), Finland ($300k), and Sweden ($268k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United States$1.5M (623%)
Lithuania$313k (278%)
Iceland$50.5k (262%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Latvia WERE (2022 - 2023):
Finland-$39k (-88.5%)
Sweden-$32.5k (-55.6%)
United Kingdom-$28.4k (-99.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Iron Nails were:
China $1.33B
In 2023, Latvia's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $235k
TOP IMPORT POTENTIALChina+ $400k

Iron Nails’s highest export potential is United States. With an export gap of $235k.   Iron Nails’s highest import potential is China with an import gap of $400k.

See methodology.

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