2023
Exports
$8.49MWorld Rnk 49 / 190
Flag Rnk 296 / 1196
2023
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.24Rnk 479 / 1025
2023
Imports
$5.09MWorld Rnk 100 / 222
Flag Rnk 500 / 1206

About

Exports In 2023, Latvia exported $8.49M in Stranded Iron Wire, making it the 49th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 296th most exported product in Latvia. The main destination of Stranded Iron Wire exports from Latvia are: Australia ($2.67M), Estonia ($643k), France ($575k), Tanzania ($385k), and South Africa ($337k).

The fastest growing export markets for Stranded Iron Wire of Latvia between 2022 and 2023 were Australia ($1.89M), United States ($209k), and Kazakhstan ($98.6k).

Imports In 2023, Latvia imported $5.09M in Stranded Iron Wire, becoming the 100th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 500th most imported product in Latvia. Latvia imports Stranded Iron Wire primarily from: Turkey ($776k), Ukraine ($619k), Indonesia ($498k), Lithuania ($476k), and South Korea ($422k).

The fastest growing import markets in Stranded Iron Wire for Latvia between 2022 and 2023 were Czechia ($115k), Germany ($90.7k), and France ($52.8k).

Latest Trends

Dec 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 Stranded Iron Wire. 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 (2023)$8.49M
IMPORTS (2023)$5.09M
NET TRADE (2023)$3.4M

In 2023, Latvia exported $8.49M in Stranded Iron Wire. The main destinations of Latvia exports on Stranded Iron Wire were Australia ($2.67M), Estonia ($643k), France ($575k), Tanzania ($385k), and South Africa ($337k).

In 2023, Latvia imported $5.09M in Stranded Iron Wire, mainly from Turkey ($776k), Ukraine ($619k), Indonesia ($498k), Lithuania ($476k), and South Korea ($422k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Australia$1.89M (243%)
United States$209k (970%)
Kazakhstan$98.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Latvia WERE (2022 - 2023):
Denmark-$574k (-88.8%)
Estonia-$176k (-21.5%)
Lithuania-$109k (-37.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Stranded Iron Wire were:
In 2023, Latvia's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $274k
TOP IMPORT POTENTIALChina+ $432k

Stranded Iron Wire’s highest export potential is France. With an export gap of $274k.   Stranded Iron Wire’s highest import potential is China with an import gap of $432k.

See methodology.

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