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Exports In 2022, Latvia exported $14.3M in Raw Iron Bars, making it the 77th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 228th most exported product in Latvia. The main destination of Raw Iron Bars exports from Latvia are: Finland ($4.93M), Sweden ($2.86M), Lithuania ($2.28M), Estonia ($1.33M), and Denmark ($1.02M).

The fastest growing export markets for Raw Iron Bars of Latvia between 2021 and 2022 were Denmark ($958k), Netherlands ($341k), and Germany ($163k).

Imports In 2022, Latvia imported $72M in Raw Iron Bars, becoming the 72nd largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 76th most imported product in Latvia. Latvia imports Raw Iron Bars primarily from: Lithuania ($37.9M), Poland ($13.3M), Russia ($5.97M), Estonia ($4.99M), and Hungary ($1.56M).

The fastest growing import markets in Raw Iron Bars for Latvia between 2021 and 2022 were Poland ($10M), Lithuania ($3.94M), and Hungary ($1.54M).

Latest Trends

Aug 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 Raw Iron Bars. 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)$14.3M
IMPORTS (2022)$72M
NET TRADE (2022)-$57.7M

In 2022, Latvia exported $14.3M in Raw Iron Bars. The main destinations of Latvia exports on Raw Iron Bars were Finland ($4.93M), Sweden ($2.86M), Lithuania ($2.28M), Estonia ($1.33M), and Denmark ($1.02M).

In 2022, Latvia imported $72M in Raw Iron Bars, mainly from Lithuania ($37.9M), Poland ($13.3M), Russia ($5.97M), Estonia ($4.99M), and Hungary ($1.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Denmark$958k (1.56k%)
Netherlands$341k (1.65k%)
Germany$163k (1.65k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Latvia WERE (2021 - 2022):
Lithuania-$6.34M (-73.5%)
Sweden-$1.89M (-39.8%)
Poland-$1.8M (-73.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Latvia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPoland+ $554k
TOP IMPORT POTENTIALRussia+ $2.19M

Raw Iron Bars’s highest export potential is Poland. With an export gap of $554k.   Raw Iron Bars’s highest import potential is Russia with an import gap of $2.19M.

See methodology.

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