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Exports In 2022, Latvia exported $2.36M in Iron Wire, making it the 70th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 517th most exported product in Latvia. The main destination of Iron Wire exports from Latvia are: Sweden ($1.2M), Denmark ($381k), Lithuania ($354k), Estonia ($196k), and Poland ($74.4k).

The fastest growing export markets for Iron Wire of Latvia between 2021 and 2022 were Sweden ($412k), Netherlands ($23.9k), and Germany ($17.2k).

Imports In 2022, Latvia imported $20.9M in Iron Wire, becoming the 79th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 241st most imported product in Latvia. Latvia imports Iron Wire primarily from: Lithuania ($7.72M), Romania ($3.8M), Italy ($1.32M), Russia ($1.2M), and Netherlands ($935k).

The fastest growing import markets in Iron Wire for Latvia between 2021 and 2022 were Romania ($3.24M), Italy ($627k), and Ukraine ($622k).

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 Wire. 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)$2.36M
IMPORTS (2022)$20.9M
NET TRADE (2022)-$18.5M

In 2022, Latvia exported $2.36M in Iron Wire. The main destinations of Latvia exports on Iron Wire were Sweden ($1.2M), Denmark ($381k), Lithuania ($354k), Estonia ($196k), and Poland ($74.4k).

In 2022, Latvia imported $20.9M in Iron Wire, mainly from Lithuania ($7.72M), Romania ($3.8M), Italy ($1.32M), Russia ($1.2M), and Netherlands ($935k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$412k (51.9%)
Netherlands$23.9k (302%)
Germany$17.2k (44.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Latvia WERE (2021 - 2022):
Poland-$295k (-79.9%)
Denmark-$265k (-41%)
Italy-$213k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Iron Wire were:
In 2022, Latvia's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $117k
TOP IMPORT POTENTIALChina+ $676k

Iron Wire’s highest export potential is Poland. With an export gap of $117k.   Iron Wire’s highest import potential is China with an import gap of $676k.

See methodology.

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