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Exports In 2023, Latvia exported $1.29M in Petroleum Resins, making it the 47th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 612th most exported product in Latvia. The main destination of Petroleum Resins exports from Latvia are: Turkey ($1.07M), Peru ($52.3k), Russia ($50.3k), Italy ($31.2k), and Netherlands ($17.1k).

The fastest growing export markets for Petroleum Resins of Latvia between 2022 and 2023 were Turkey ($607k), Peru ($52.3k), and Czechia ($6.85k).

Imports In 2023, Latvia imported $25.8M in Petroleum Resins, becoming the 42nd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 195th most imported product in Latvia. Latvia imports Petroleum Resins primarily from: Azerbaijan ($24.9M), Italy ($205k), Russia ($146k), Germany ($136k), and Lithuania ($75k).

The fastest growing import markets in Petroleum Resins for Latvia between 2022 and 2023 were Azerbaijan ($1.33M), Russia ($146k), and Poland ($35.8k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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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 Resins. 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)$1.29M
IMPORTS (2023)$25.8M
NET TRADE (2023)-$24.5M

In 2023, Latvia exported $1.29M in Petroleum Resins. The main destinations of Latvia exports on Petroleum Resins were Turkey ($1.07M), Peru ($52.3k), Russia ($50.3k), Italy ($31.2k), and Netherlands ($17.1k).

In 2023, Latvia imported $25.8M in Petroleum Resins, mainly from Azerbaijan ($24.9M), Italy ($205k), Russia ($146k), Germany ($136k), and Lithuania ($75k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Turkey$607k (131%)
Peru$52.3k (1%)
Czechia$6.85k (712%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Latvia WERE (2022 - 2023):
United States-$24.5k (-87.1%)
Russia-$23.5k (-31.8%)
Estonia-$20.2k (-92.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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In 2023, Latvia's main exporting competitors in Petroleum Resins were:
In 2023, Latvia's main importing competitors in Petroleum Resins were:

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $80k
TOP IMPORT POTENTIALGermany+ $291k

Petroleum Resins’s highest export potential is Russia. With an export gap of $80k.   Petroleum Resins’s highest import potential is Germany with an import gap of $291k.

See methodology.

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