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Exports In 2022, Latvia exported $2.4M in Other Iron Bars, making it the 57th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 515th most exported product in Latvia. The main destination of Other Iron Bars exports from Latvia are: Estonia ($857k), Lithuania ($493k), Sweden ($488k), Finland ($359k), and Poland ($107k).

The fastest growing export markets for Other Iron Bars of Latvia between 2021 and 2022 were Estonia ($401k), Finland ($355k), and Poland ($82.9k).

Imports In 2022, Latvia imported $4.84M in Other Iron Bars, becoming the 79th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 529th most imported product in Latvia. Latvia imports Other Iron Bars primarily from: Lithuania ($1.18M), Estonia ($841k), Poland ($816k), Italy ($735k), and Finland ($304k).

The fastest growing import markets in Other Iron Bars for Latvia between 2021 and 2022 were Czechia ($56.9k), Turkey ($51.5k), and Romania ($36.6k).

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 Other Iron Bars. 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)$2.4M
IMPORTS (2022)$4.84M
NET TRADE (2022)-$2.44M

In 2022, Latvia exported $2.4M in Other Iron Bars. The main destinations of Latvia exports on Other Iron Bars were Estonia ($857k), Lithuania ($493k), Sweden ($488k), Finland ($359k), and Poland ($107k).

In 2022, Latvia imported $4.84M in Other Iron Bars, mainly from Lithuania ($1.18M), Estonia ($841k), Poland ($816k), Italy ($735k), and Finland ($304k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Estonia$401k (87.8%)
Finland$355k (7.75k%)
Poland$82.9k (342%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Latvia WERE (2021 - 2022):
Lithuania-$262k (-34.7%)
Denmark-$47.8k (-88%)
Italy-$31.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $109k
TOP IMPORT POTENTIALItaly+ $204k

Other Iron Bars’s highest export potential is Poland. With an export gap of $109k.   Other Iron Bars’s highest import potential is Italy with an import gap of $204k.

See methodology.

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