2022
Exports
$231kWorld Rnk 42 / 98
Flag Rnk 865 / 1190
2022
PRODUCT COMPLEXITY IN Non-Retail Carded Wool Yarn
-0.16Rnk 600 / 1025
2022
Imports
$2.52MWorld Rnk 37 / 145
Flag Rnk 649 / 1203

About

Exports In 2022, Latvia exported $231k in Non-Retail Carded Wool Yarn, making it the 42nd largest exporter of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 865th most exported product in Latvia. The main destination of Non-Retail Carded Wool Yarn exports from Latvia are: Sweden ($182k), Finland ($15.1k), Lithuania ($14.5k), Netherlands ($11.2k), and United States ($4.91k).

The fastest growing export markets for Non-Retail Carded Wool Yarn of Latvia between 2021 and 2022 were Finland ($15.1k), Netherlands ($6.95k), and United States ($4.91k).

Imports In 2022, Latvia imported $2.52M in Non-Retail Carded Wool Yarn, becoming the 37th largest importer of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 649th most imported product in Latvia. Latvia imports Non-Retail Carded Wool Yarn primarily from: Lithuania ($2.18M), Italy ($213k), China ($89.2k), United Kingdom ($32.3k), and Denmark ($8.65k).

The fastest growing import markets in Non-Retail Carded Wool Yarn for Latvia between 2021 and 2022 were Lithuania ($115k), China ($77.1k), and Denmark ($8.65k).

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 Non-Retail Carded Wool Yarn. 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)$231k
IMPORTS (2022)$2.52M
NET TRADE (2022)-$2.29M

In 2022, Latvia exported $231k in Non-Retail Carded Wool Yarn. The main destinations of Latvia exports on Non-Retail Carded Wool Yarn were Sweden ($182k), Finland ($15.1k), Lithuania ($14.5k), Netherlands ($11.2k), and United States ($4.91k).

In 2022, Latvia imported $2.52M in Non-Retail Carded Wool Yarn, mainly from Lithuania ($2.18M), Italy ($213k), China ($89.2k), United Kingdom ($32.3k), and Denmark ($8.65k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Carded Wool Yarn EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Finland$15.1k (1%)
Netherlands$6.95k (163%)
United States$4.91k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Carded Wool Yarn BY Latvia WERE (2021 - 2022):
Sweden-$112k (-38%)
United Kingdom-$62.3k (-100%)
Lithuania-$4.93k (-25.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Non-Retail Carded Wool Yarn were:
In 2022, Latvia's main importing competitors in Non-Retail Carded Wool Yarn were:

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Trade Value of Non-Retail Carded Wool Yarn by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $8.92k
TOP IMPORT POTENTIALItaly+ $73.6k

Non-Retail Carded Wool Yarn’s highest export potential is Netherlands. With an export gap of $8.92k.   Non-Retail Carded Wool Yarn’s highest import potential is Italy with an import gap of $73.6k.

See methodology.

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