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Exports In 2022, Latvia exported $324M in Peat, making it the 2nd largest exporter of Peat in the world. At the same year, Peat was the 12th most exported product in Latvia. The main destination of Peat exports from Latvia are: China ($50.6M), Germany ($34.8M), Italy ($29.5M), Lithuania ($18.3M), and Poland ($15.9M).

The fastest growing export markets for Peat of Latvia between 2021 and 2022 were China ($24.7M), Lithuania ($8.87M), and United States ($3.78M).

Imports In 2022, Latvia imported $8.11M in Peat, becoming the 35th largest importer of Peat in the world. At the same year, Peat was the 410th most imported product in Latvia. Latvia imports Peat primarily from: Estonia ($3.85M), Lithuania ($2.14M), Belarus ($651k), Russia ($646k), and Germany ($335k).

The fastest growing import markets in Peat for Latvia between 2021 and 2022 were Lithuania ($657k), Germany ($317k), and Poland ($203k).

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 Peat. 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)$324M
IMPORTS (2022)$8.11M
NET TRADE (2022)$316M

In 2022, Latvia exported $324M in Peat. The main destinations of Latvia exports on Peat were China ($50.6M), Germany ($34.8M), Italy ($29.5M), Lithuania ($18.3M), and Poland ($15.9M).

In 2022, Latvia imported $8.11M in Peat, mainly from Estonia ($3.85M), Lithuania ($2.14M), Belarus ($651k), Russia ($646k), and Germany ($335k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
China$24.7M (94.9%)
Lithuania$8.87M (94.1%)
United States$3.78M (36.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Latvia WERE (2021 - 2022):
United Kingdom-$7.51M (-83.4%)
Germany-$2.23M (-6.03%)
South Korea-$1.34M (-11.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $4.79M
TOP IMPORT POTENTIALGermany+ $104k

Peat’s highest export potential is United States. With an export gap of $4.79M.   Peat’s highest import potential is Germany with an import gap of $104k.

See methodology.

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