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Exports In 2022, Latvia exported $27.3M in Wood Stakes, making it the 2nd largest exporter of Wood Stakes in the world. At the same year, Wood Stakes was the 148th most exported product in Latvia. The main destination of Wood Stakes exports from Latvia are: United Kingdom ($17.7M), Ireland ($1.53M), Belgium ($1.45M), Lithuania ($1.29M), and Denmark ($688k).

The fastest growing export markets for Wood Stakes of Latvia between 2021 and 2022 were Belgium ($281k), Slovakia ($170k), and Denmark ($132k).

Imports In 2022, Latvia imported $7.08M in Wood Stakes, becoming the 13th largest importer of Wood Stakes in the world. At the same year, Wood Stakes was the 448th most imported product in Latvia. Latvia imports Wood Stakes primarily from: Belarus ($4.4M), Russia ($1.17M), Ukraine ($1.06M), Lithuania ($357k), and Poland ($33k).

The fastest growing import markets in Wood Stakes for Latvia between 2021 and 2022 were Ukraine ($644k), Poland ($33k), and Germany ($10.8k).

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 Wood Stakes. 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)$27.3M
IMPORTS (2022)$7.08M
NET TRADE (2022)$20.2M

In 2022, Latvia exported $27.3M in Wood Stakes. The main destinations of Latvia exports on Wood Stakes were United Kingdom ($17.7M), Ireland ($1.53M), Belgium ($1.45M), Lithuania ($1.29M), and Denmark ($688k).

In 2022, Latvia imported $7.08M in Wood Stakes, mainly from Belarus ($4.4M), Russia ($1.17M), Ukraine ($1.06M), Lithuania ($357k), and Poland ($33k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Stakes EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Belgium$281k (24%)
Slovakia$170k (1%)
Denmark$132k (23.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Stakes BY Latvia WERE (2021 - 2022):
United Kingdom-$6.84M (-27.9%)
Ireland-$784k (-33.9%)
Finland-$513k (-52.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wood Stakes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $251k
TOP IMPORT POTENTIALPoland+ $43.7k

Wood Stakes’s highest export potential is Germany. With an export gap of $251k.   Wood Stakes’s highest import potential is Poland with an import gap of $43.7k.

See methodology.

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