Latvia's forest product exports grew substantially in 2021

Last year Latvia exported forest products worth €3.649 billion, 41% more than in 2020, according to information by the Ministry of Agriculture.

Wood and its products were exported at €3.173 billion in 2021, which is 44.8% more than a year earlier and represented 87% (84.7% a year ago) of total forest product exports.

Exports of sawn wood and timber products amounted to €1.212 billion, 77.3% more than in 2020, fuelwood exports increased by 9% at €524,343 million, particleboard exports grew by 61.5% at €284.103 million, plywood exports grew by 10.3%, an increase of €255.821 million, while carpentry products were exported at EUR 208.121 million, which is 30.2% more than in 2020.

Most forest production last year was exported to the United Kingdom (27.4%), Sweden (7.4%), Germany (7.2%), and Denmark (7.2%).

Compared to 2020, forest exports to the United Kingdom increased twice and amounted to  €998.811 million. Exports to Sweden increased by 14% and reached €271.075 million, exports to Germany increased by 38.4% and  €263.921 million, while forestry exports to Denmark grew by 27.1% and reached  €262.018 million.

In 2020, Latvia exported forest production worth EUR 2.588 billion.

Source: labsoflatvia.com