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Exports In 2023, Latvia exported $587M in Petroleum Gas, making it the 45th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most exported product in Latvia. The main destination of Petroleum Gas exports from Latvia are: Finland ($186M), Lithuania ($178M), Estonia ($127M), Poland ($41M), and Ukraine ($30.7M).

The fastest growing export markets for Petroleum Gas of Latvia between 2022 and 2023 were Lithuania ($42.8M), Poland ($13.8M), and Ukraine ($13M).

Imports In 2023, Latvia imported $629M in Petroleum Gas, becoming the 54th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in Latvia. Latvia imports Petroleum Gas primarily from: Lithuania ($260M), Finland ($207M), Russia ($147M), Estonia ($14M), and Poland ($224k).

The fastest growing import markets in Petroleum Gas for Latvia between 2022 and 2023 were Finland ($183M), North Macedonia ($48k), and Austria ($20.7k).

Latest Trends

Dec 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 Petroleum Gas. 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 (2023)$587M
IMPORTS (2023)$629M
NET TRADE (2023)-$42.2M

In 2023, Latvia exported $587M in Petroleum Gas. The main destinations of Latvia exports on Petroleum Gas were Finland ($186M), Lithuania ($178M), Estonia ($127M), Poland ($41M), and Ukraine ($30.7M).

In 2023, Latvia imported $629M in Petroleum Gas, mainly from Lithuania ($260M), Finland ($207M), Russia ($147M), Estonia ($14M), and Poland ($224k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Lithuania$42.8M (31.7%)
Poland$13.8M (50.5%)
Ukraine$13M (73.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Latvia WERE (2022 - 2023):
Finland-$385M (-67.4%)
Estonia-$346M (-73.2%)
Czechia-$272k (-24.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Petroleum Gas were:
In 2023, Latvia's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $14.5M
TOP IMPORT POTENTIALRussia+ $124M

Petroleum Gas’s highest export potential is Poland. With an export gap of $14.5M.   Petroleum Gas’s highest import potential is Russia with an import gap of $124M.

See methodology.

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