2022
Exports
$224kWorld Rnk 56 / 116
Flag Rnk 867 / 1190
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate
-0.46Rnk 685 / 1025
2022
Imports
$977kWorld Rnk 81 / 172
Flag Rnk 817 / 1203

About

Exports In 2022, Latvia exported $224k in Magnesium Carbonate, making it the 56th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 867th most exported product in Latvia. The main destination of Magnesium Carbonate exports from Latvia are: Estonia ($137k), India ($78.5k), Netherlands ($7.02k), Lithuania ($1.11k), and Russia ($134).

The fastest growing export markets for Magnesium Carbonate of Latvia between 2021 and 2022 were India ($78.5k), Netherlands ($4.78k), and Lithuania ($1.11k).

Imports In 2022, Latvia imported $977k in Magnesium Carbonate, becoming the 81st largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 817th most imported product in Latvia. Latvia imports Magnesium Carbonate primarily from: Denmark ($550k), Netherlands ($151k), Turkey ($113k), Germany ($50.8k), and Lithuania ($47.2k).

The fastest growing import markets in Magnesium Carbonate for Latvia between 2021 and 2022 were Denmark ($433k), Germany ($19.1k), and Lithuania ($14.1k).

Latest Trends

Nov 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 Magnesium Carbonate. 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)$224k
IMPORTS (2022)$977k
NET TRADE (2022)-$754k

In 2022, Latvia exported $224k in Magnesium Carbonate. The main destinations of Latvia exports on Magnesium Carbonate were Estonia ($137k), India ($78.5k), Netherlands ($7.02k), Lithuania ($1.11k), and Russia ($134).

In 2022, Latvia imported $977k in Magnesium Carbonate, mainly from Denmark ($550k), Netherlands ($151k), Turkey ($113k), Germany ($50.8k), and Lithuania ($47.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
India$78.5k (1%)
Netherlands$4.78k (213%)
Lithuania$1.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Latvia WERE (2021 - 2022):
Estonia-$27.2k (-16.6%)
Denmark-$13.6k (-100%)
Italy-$2.63k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Magnesium Carbonate were:
In 2022, Latvia's main importing competitors in Magnesium Carbonate were:

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $34.9k
TOP IMPORT POTENTIALGermany+ $39.2k

Magnesium Carbonate’s highest export potential is India. With an export gap of $34.9k.   Magnesium Carbonate’s highest import potential is Germany with an import gap of $39.2k.

See methodology.

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