2022
Exports
$12.2MWorld Rnk 35 / 124
Flag Rnk 246 / 1190
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Iron
0.61Rnk 318 / 1025
2022
Imports
$19.3MWorld Rnk 48 / 201
Flag Rnk 256 / 1203

About

Exports In 2022, Latvia exported $12.2M in Large Flat-Rolled Iron, making it the 35th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 246th most exported product in Latvia. The main destination of Large Flat-Rolled Iron exports from Latvia are: Poland ($6.92M), Germany ($3.08M), Cote d'Ivoire ($692k), Slovakia ($568k), and Lithuania ($395k).

The fastest growing export markets for Large Flat-Rolled Iron of Latvia between 2021 and 2022 were Cote d'Ivoire ($692k), Netherlands ($71.8k), and United States ($1.7k).

Imports In 2022, Latvia imported $19.3M in Large Flat-Rolled Iron, becoming the 48th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 256th most imported product in Latvia. Latvia imports Large Flat-Rolled Iron primarily from: Poland ($7.95M), Germany ($3.4M), Finland ($2.66M), Russia ($1.85M), and Lithuania ($886k).

The fastest growing import markets in Large Flat-Rolled Iron for Latvia between 2021 and 2022 were Poland ($5.29M), Germany ($2.79M), and Lithuania ($777k).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Large Flat-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2M
IMPORTS (2022)$19.3M
NET TRADE (2022)-$7.14M

In 2022, Latvia exported $12.2M in Large Flat-Rolled Iron. The main destinations of Latvia exports on Large Flat-Rolled Iron were Poland ($6.92M), Germany ($3.08M), Cote d'Ivoire ($692k), Slovakia ($568k), and Lithuania ($395k).

In 2022, Latvia imported $19.3M in Large Flat-Rolled Iron, mainly from Poland ($7.95M), Germany ($3.4M), Finland ($2.66M), Russia ($1.85M), and Lithuania ($886k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Iron EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Cote d'Ivoire$692k (1%)
Netherlands$71.8k (525%)
United States$1.7k (28.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Iron BY Latvia WERE (2021 - 2022):
Poland-$34.4M (-83.2%)
Germany-$12.6M (-80.4%)
Finland-$1.78M (-90.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Latvia's main exporting competitors in Large Flat-Rolled Iron were:
Germany $1.46B
Italy $674M
China $504M
In 2022, Latvia's main importing competitors in Large Flat-Rolled Iron were:

Explore Visualizations

Trade Value of Large Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $869k
TOP IMPORT POTENTIALGermany+ $780k

Large Flat-Rolled Iron’s highest export potential is Germany. With an export gap of $869k.   Large Flat-Rolled Iron’s highest import potential is Germany with an import gap of $780k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with