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Exports In 2022, Latvia exported $8.88M in Wood Frames, making it the 18th largest exporter of Wood Frames in the world. At the same year, Wood Frames was the 304th most exported product in Latvia. The main destination of Wood Frames exports from Latvia are: Denmark ($2.63M), Sweden ($1.57M), United Kingdom ($1.2M), Germany ($791k), and Norway ($565k).

The fastest growing export markets for Wood Frames of Latvia between 2021 and 2022 were Denmark ($1.33M), Sweden ($516k), and Italy ($235k).

Imports In 2022, Latvia imported $872k in Wood Frames, becoming the 62nd largest importer of Wood Frames in the world. At the same year, Wood Frames was the 831st most imported product in Latvia. Latvia imports Wood Frames primarily from: Lithuania ($345k), Poland ($253k), China ($83.4k), Germany ($58.9k), and Estonia ($31.8k).

The fastest growing import markets in Wood Frames for Latvia between 2021 and 2022 were Lithuania ($227k), Sweden ($13.9k), and Ukraine ($13.5k).

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 Wood Frames. 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)$8.88M
IMPORTS (2022)$872k
NET TRADE (2022)$8.01M

In 2022, Latvia exported $8.88M in Wood Frames. The main destinations of Latvia exports on Wood Frames were Denmark ($2.63M), Sweden ($1.57M), United Kingdom ($1.2M), Germany ($791k), and Norway ($565k).

In 2022, Latvia imported $872k in Wood Frames, mainly from Lithuania ($345k), Poland ($253k), China ($83.4k), Germany ($58.9k), and Estonia ($31.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Frames EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Denmark$1.33M (101%)
Sweden$516k (48.7%)
Italy$235k (94.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Frames BY Latvia WERE (2021 - 2022):
Germany-$1.1M (-58.1%)
Finland-$87.9k (-18.4%)
Netherlands-$48k (-57.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wood Frames by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $223k
TOP IMPORT POTENTIALChina+ $71.3k

Wood Frames’s highest export potential is Germany. With an export gap of $223k.   Wood Frames’s highest import potential is China with an import gap of $71.3k.

See methodology.

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