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Exports In 2022, Latvia exported $1.25B in Sawn Wood, making it the 8th largest exporter of Sawn Wood in the world. At the same year, Sawn Wood was the 1st most exported product in Latvia. The main destination of Sawn Wood exports from Latvia are: United Kingdom ($488M), United States ($96.5M), Estonia ($81.6M), Netherlands ($79M), and Germany ($58.7M).

The fastest growing export markets for Sawn Wood of Latvia between 2021 and 2022 were United States ($85.8M), Italy ($8.67M), and Japan ($7.87M).

Imports In 2022, Latvia imported $256M in Sawn Wood, becoming the 30th largest importer of Sawn Wood in the world. At the same year, Sawn Wood was the 12th most imported product in Latvia. Latvia imports Sawn Wood primarily from: Belarus ($63.9M), Estonia ($53.3M), Finland ($38.6M), Russia ($34.6M), and Sweden ($23.1M).

The fastest growing import markets in Sawn Wood for Latvia between 2021 and 2022 were Finland ($16.8M), Sweden ($12.5M), and Slovakia ($943k).

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 Sawn 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)$1.25B
IMPORTS (2022)$256M
NET TRADE (2022)$995M

In 2022, Latvia exported $1.25B in Sawn Wood. The main destinations of Latvia exports on Sawn Wood were United Kingdom ($488M), United States ($96.5M), Estonia ($81.6M), Netherlands ($79M), and Germany ($58.7M).

In 2022, Latvia imported $256M in Sawn Wood, mainly from Belarus ($63.9M), Estonia ($53.3M), Finland ($38.6M), Russia ($34.6M), and Sweden ($23.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sawn Wood EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
United States$85.8M (803%)
Italy$8.67M (115%)
Japan$7.87M (16.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sawn Wood BY Latvia WERE (2021 - 2022):
United Kingdom-$209M (-30%)
South Korea-$26.5M (-42.3%)
France-$11.3M (-22.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Sawn Wood were:
Sweden $4.76B
Russia $4.69B
In 2022, Latvia's main importing competitors in Sawn Wood were:

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Trade Value of Sawn Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $45.5M
TOP IMPORT POTENTIALRussia+ $9.45M

Sawn Wood’s highest export potential is United States. With an export gap of $45.5M.   Sawn Wood’s highest import potential is Russia with an import gap of $9.45M.

See methodology.

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