Latvia’s export of Aluminium scrap exhibits unsteady market during 2017-20
The economy of Latvia is an open economy in Northern Europe and is part of the European Union's single market. The major industries that contribute to the economy of Latvia are railroad cars, electronics, processed metals, etc.
Latvia’s export of aluminium scrap during 2017-19 has been recorded at 24,228 tonnes and the earnings remained at $25.16 million. The projected export for 2020 has been analysed at 8728 tonnes and the earnings to reach $9.17 million. However, when the evaluated aluminium scrap export volume and earnings of 2020 get assorted with the previous three years, it reflects 32,956 tonnes and $34.33 million respectively.
In 2017, the European nation’s aluminium scrap export stood at 5958 tonnes and earning noted was $5.58 million, whereas in 2018 the aluminium scrap saw a rise by 62.25%, as the export volume surged to 9667 tonnes and earnings rose to $10.03 million.
The aluminium scrap export in 2019 saw a drop by 11%, as the export volume dipped to 8603 tonnes and the earnings remained at $9.55 million.
The projected export for 2020 has been analysed with marginal growth by 1.45%, as the export volume to remain at 8728 tonnes and earnings to stand at $9.17 million.
Latvia’s major trading nations for export of aluminium scrap are Austria, China, Estonia, Germany, Hungary, India, etc.
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