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Exports In 2022, Latvia exported $380M in Plywood, making it the 12th largest exporter of Plywood in the world. At the same year, Plywood was the 11th most exported product in Latvia. The main destination of Plywood exports from Latvia are: Germany ($67.1M), United Kingdom ($29.9M), Turkey ($27.2M), Netherlands ($26.8M), and Poland ($26M).

The fastest growing export markets for Plywood of Latvia between 2021 and 2022 were Germany ($10.3M), United Kingdom ($10.1M), and Italy ($9.3M).

Imports In 2022, Latvia imported $66.2M in Plywood, becoming the 45th largest importer of Plywood in the world. At the same year, Plywood was the 86th most imported product in Latvia. Latvia imports Plywood primarily from: Russia ($37.2M), Estonia ($13.1M), Belarus ($2.67M), Lithuania ($1.64M), and China ($1.5M).

The fastest growing import markets in Plywood for Latvia between 2021 and 2022 were China ($1.39M), Estonia ($1.21M), and Ukraine ($1.11M).

Latest Trends

Jul 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 Plywood. 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)$380M
IMPORTS (2022)$66.2M
NET TRADE (2022)$314M

In 2022, Latvia exported $380M in Plywood. The main destinations of Latvia exports on Plywood were Germany ($67.1M), United Kingdom ($29.9M), Turkey ($27.2M), Netherlands ($26.8M), and Poland ($26M).

In 2022, Latvia imported $66.2M in Plywood, mainly from Russia ($37.2M), Estonia ($13.1M), Belarus ($2.67M), Lithuania ($1.64M), and China ($1.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plywood EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Germany$10.3M (18.1%)
United Kingdom$10.1M (50.8%)
Italy$9.3M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plywood BY Latvia WERE (2021 - 2022):
Netherlands-$24.4M (-47.7%)
Ukraine-$5.47M (-65.6%)
United States-$1.4M (-11%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Plywood were:
China $5.46B
Russia $1.28B
In 2022, Latvia's main importing competitors in Plywood were:

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Trade Value of Plywood by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $10.7M
TOP IMPORT POTENTIALChina+ $1.71M

Plywood’s highest export potential is United States. With an export gap of $10.7M.   Plywood’s highest import potential is China with an import gap of $1.71M.

See methodology.

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