2022
Exports
$355kWorld Rnk 68 / 146
Flag Rnk 809 / 1190
2022
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.22Rnk 621 / 1025
2022
Imports
$7.91MWorld Rnk 67 / 209
Flag Rnk 417 / 1203

About

Exports In 2022, Latvia exported $355k in Petroleum Jelly, making it the 68th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 809th most exported product in Latvia. The main destination of Petroleum Jelly exports from Latvia are: Estonia ($129k), Kazakhstan ($94.6k), Turkey ($29.3k), Netherlands ($25.9k), and Lithuania ($25.6k).

The fastest growing export markets for Petroleum Jelly of Latvia between 2021 and 2022 were Kazakhstan ($49k), United States ($24.2k), and Turkey ($21k).

Imports In 2022, Latvia imported $7.91M in Petroleum Jelly, becoming the 67th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 417th most imported product in Latvia. Latvia imports Petroleum Jelly primarily from: China ($5.33M), Netherlands ($828k), Germany ($816k), Denmark ($318k), and Poland ($121k).

The fastest growing import markets in Petroleum Jelly for Latvia between 2021 and 2022 were China ($3.22M), Germany ($135k), and Hungary ($117k).

Latest Trends

Mar 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 Petroleum Jelly. 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)$355k
IMPORTS (2022)$7.91M
NET TRADE (2022)-$7.55M

In 2022, Latvia exported $355k in Petroleum Jelly. The main destinations of Latvia exports on Petroleum Jelly were Estonia ($129k), Kazakhstan ($94.6k), Turkey ($29.3k), Netherlands ($25.9k), and Lithuania ($25.6k).

In 2022, Latvia imported $7.91M in Petroleum Jelly, mainly from China ($5.33M), Netherlands ($828k), Germany ($816k), Denmark ($318k), and Poland ($121k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Kazakhstan$49k (108%)
United States$24.2k (604k%)
Turkey$21k (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Latvia WERE (2021 - 2022):
Spain-$275k (-100%)
Netherlands-$119k (-82.2%)
Lithuania-$38.7k (-60.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Petroleum Jelly were:
In 2022, Latvia's main importing competitors in Petroleum Jelly were:

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Trade Value of Petroleum Jelly by Exporters

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