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Exports In 2022, Latvia exported $5.98M in Stranded Iron Wire, making it the 53rd largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 354th most exported product in Latvia. The main destination of Stranded Iron Wire exports from Latvia are: Lithuania ($930k), Australia ($720k), Sweden ($587k), France ($559k), and Tanzania ($363k).

The fastest growing export markets for Stranded Iron Wire of Latvia between 2021 and 2022 were Australia ($393k), France ($342k), and Sweden ($285k).

Imports In 2022, Latvia imported $8.44M in Stranded Iron Wire, becoming the 89th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 404th most imported product in Latvia. Latvia imports Stranded Iron Wire primarily from: Lithuania ($1.04M), Germany ($835k), Ukraine ($807k), Turkey ($758k), and Portugal ($697k).

The fastest growing import markets in Stranded Iron Wire for Latvia between 2021 and 2022 were Germany ($510k), Turkey ($488k), and United Kingdom ($481k).

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 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 (2022)$5.98M
IMPORTS (2022)$8.44M
NET TRADE (2022)-$2.46M

In 2022, Latvia exported $5.98M in Stranded Iron Wire. The main destinations of Latvia exports on Stranded Iron Wire were Lithuania ($930k), Australia ($720k), Sweden ($587k), France ($559k), and Tanzania ($363k).

In 2022, Latvia imported $8.44M in Stranded Iron Wire, mainly from Lithuania ($1.04M), Germany ($835k), Ukraine ($807k), Turkey ($758k), and Portugal ($697k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Australia$393k (120%)
France$342k (158%)
Sweden$285k (94.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Latvia WERE (2021 - 2022):
Denmark-$299k (-68.5%)
Lithuania-$174k (-15.8%)
Botswana-$58.8k (-82.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Latvia's main exporting competitors in Stranded Iron Wire were:
In 2022, 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
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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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