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Exports In 2022, Latvia exported $410M in Rough Wood, making it the 9th largest exporter of Rough Wood in the world. At the same year, Rough Wood was the 9th most exported product in Latvia. The main destination of Rough Wood exports from Latvia are: Sweden ($155M), China ($60.4M), Finland ($59.1M), Estonia ($51.3M), and Poland ($32.2M).

The fastest growing export markets for Rough Wood of Latvia between 2021 and 2022 were Sweden ($81.3M), Poland ($27M), and Finland ($26.1M).

Imports In 2022, Latvia imported $171M in Rough Wood, becoming the 18th largest importer of Rough Wood in the world. At the same year, Rough Wood was the 25th most imported product in Latvia. Latvia imports Rough Wood primarily from: Lithuania ($60.6M), Norway ($54.8M), Sweden ($33.5M), Estonia ($7.88M), and Finland ($5.63M).

The fastest growing import markets in Rough Wood for Latvia between 2021 and 2022 were Sweden ($23M), Norway ($13.9M), and Finland ($3.38M).

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 Rough Wood. 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)$410M
IMPORTS (2022)$171M
NET TRADE (2022)$239M

In 2022, Latvia exported $410M in Rough Wood. The main destinations of Latvia exports on Rough Wood were Sweden ($155M), China ($60.4M), Finland ($59.1M), Estonia ($51.3M), and Poland ($32.2M).

In 2022, Latvia imported $171M in Rough Wood, mainly from Lithuania ($60.6M), Norway ($54.8M), Sweden ($33.5M), Estonia ($7.88M), and Finland ($5.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rough Wood EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Sweden$81.3M (111%)
Poland$27M (522%)
Finland$26.1M (79.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rough Wood BY Latvia WERE (2021 - 2022):
United Kingdom-$17.9M (-96.7%)
Vietnam-$1.77M (-80.4%)
Italy-$657k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Rough Wood were:
In 2022, Latvia's main importing competitors in Rough Wood were:

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Trade Value of Rough Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $17.1M
TOP IMPORT POTENTIALGermany+ $1.95M

Rough Wood’s highest export potential is China. With an export gap of $17.1M.   Rough Wood’s highest import potential is Germany with an import gap of $1.95M.

See methodology.

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