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Exports In 2022, Latvia exported $65.7M in Shaped Wood, making it the 24th largest exporter of Shaped Wood in the world. At the same year, Shaped Wood was the 61st most exported product in Latvia. The main destination of Shaped Wood exports from Latvia are: Germany ($11.8M), Denmark ($11.6M), France ($6.61M), Sweden ($3.97M), and Estonia ($3.91M).

The fastest growing export markets for Shaped Wood of Latvia between 2021 and 2022 were Poland ($1.77M), Finland ($1.65M), and Lithuania ($1.38M).

Imports In 2022, Latvia imported $28M in Shaped Wood, becoming the 31st largest importer of Shaped Wood in the world. At the same year, Shaped Wood was the 197th most imported product in Latvia. Latvia imports Shaped Wood primarily from: Estonia ($14.6M), Belarus ($3.08M), Italy ($2.2M), Russia ($1.63M), and Lithuania ($1.63M).

The fastest growing import markets in Shaped Wood for Latvia between 2021 and 2022 were Kazakhstan ($1.07M), Lithuania ($250k), and Czechia ($212k).

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 Shaped 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)$65.7M
IMPORTS (2022)$28M
NET TRADE (2022)$37.7M

In 2022, Latvia exported $65.7M in Shaped Wood. The main destinations of Latvia exports on Shaped Wood were Germany ($11.8M), Denmark ($11.6M), France ($6.61M), Sweden ($3.97M), and Estonia ($3.91M).

In 2022, Latvia imported $28M in Shaped Wood, mainly from Estonia ($14.6M), Belarus ($3.08M), Italy ($2.2M), Russia ($1.63M), and Lithuania ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Shaped Wood EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Poland$1.77M (121%)
Finland$1.65M (89.8%)
Lithuania$1.38M (71.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Shaped Wood BY Latvia WERE (2021 - 2022):
Denmark-$3.17M (-21.5%)
United Kingdom-$2.86M (-89.3%)
Germany-$1.85M (-13.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Shaped Wood by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALRussia+ $373k

Shaped Wood’s highest export potential is United States. With an export gap of $2.05M.   Shaped Wood’s highest import potential is Russia with an import gap of $373k.

See methodology.

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