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Exports In 2023, Latvia exported $616k in Wood Wool, making it the 20th largest exporter of Wood Wool in the world. At the same year, Wood Wool was the 717th most exported product in Latvia. The main destination of Wood Wool exports from Latvia are: Austria ($525k), Hong Kong ($66.3k), Germany ($19k), Ireland ($1.45k), and Finland ($1.22k).

The fastest growing export markets for Wood Wool of Latvia between 2022 and 2023 were Austria ($171k), Hong Kong ($20.1k), and Germany ($7.91k).

Imports In 2023, Latvia imported $67.9k in Wood Wool, becoming the 64th largest importer of Wood Wool in the world. At the same year, Wood Wool was the 1075th most imported product in Latvia. Latvia imports Wood Wool primarily from: Germany ($35.4k), Estonia ($12.2k), Poland ($9.44k), Lithuania ($8.59k), and Italy ($1.21k).

The fastest growing import markets in Wood Wool for Latvia between 2022 and 2023 were Germany ($30.9k), Estonia ($10.2k), and Lithuania ($8.58k).

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 Wood Wool. 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)$616k
IMPORTS (2023)$67.9k
NET TRADE (2023)$548k

In 2023, Latvia exported $616k in Wood Wool. The main destinations of Latvia exports on Wood Wool were Austria ($525k), Hong Kong ($66.3k), Germany ($19k), Ireland ($1.45k), and Finland ($1.22k).

In 2023, Latvia imported $67.9k in Wood Wool, mainly from Germany ($35.4k), Estonia ($12.2k), Poland ($9.44k), Lithuania ($8.59k), and Italy ($1.21k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Wool EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Austria$171k (48.1%)
Hong Kong$20.1k (43.4%)
Germany$7.91k (71.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Wool BY Latvia WERE (2022 - 2023):
Netherlands-$40.4k (-98.2%)
Sweden-$35.7k (-100%)
Brazil-$8.98k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Latvia's main exporting competitors in Wood Wool were:
In 2023, Latvia's main importing competitors in Wood Wool were:

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Trade Value of Wood Wool by Exporters

Potential Exports

Potential Exports

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Wood Wool’s highest export potential is N/A. With an export gap of N/A.   Wood Wool’s highest import potential is N/A with an import gap of N/A.

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