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Exports In 2022, Latvia exported $939k in Phenols, making it the 45th largest exporter of Phenols in the world. At the same year, Phenols was the 666th most exported product in Latvia. The main destination of Phenols exports from Latvia are: Belgium ($631k), Netherlands ($174k), Germany ($42.1k), Dominican Republic ($40.4k), and Sweden ($31.3k).

The fastest growing export markets for Phenols of Latvia between 2021 and 2022 were Belgium ($145k), Netherlands ($118k), and Germany ($37.7k).

Imports In 2022, Latvia imported $16.3M in Phenols, becoming the 44th largest importer of Phenols in the world. At the same year, Phenols was the 286th most imported product in Latvia. Latvia imports Phenols primarily from: Finland ($9.53M), Austria ($5.02M), Belgium ($691k), Russia ($516k), and Lithuania ($404k).

The fastest growing import markets in Phenols for Latvia between 2021 and 2022 were Finland ($3.44M), Austria ($1.8M), and Belgium ($637k).

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 Phenols. 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)$939k
IMPORTS (2022)$16.3M
NET TRADE (2022)-$15.4M

In 2022, Latvia exported $939k in Phenols. The main destinations of Latvia exports on Phenols were Belgium ($631k), Netherlands ($174k), Germany ($42.1k), Dominican Republic ($40.4k), and Sweden ($31.3k).

In 2022, Latvia imported $16.3M in Phenols, mainly from Finland ($9.53M), Austria ($5.02M), Belgium ($691k), Russia ($516k), and Lithuania ($404k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phenols EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Belgium$145k (29.8%)
Netherlands$118k (212%)
Germany$37.7k (864%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phenols BY Latvia WERE (2021 - 2022):
Guatemala-$291k (-100%)
China-$79k (-98.5%)
Dominican Republic-$35.4k (-46.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Phenols by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $148k
TOP IMPORT POTENTIALRussia+ $296k

Phenols’s highest export potential is Germany. With an export gap of $148k.   Phenols’s highest import potential is Russia with an import gap of $296k.

See methodology.

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