This is a best prospect industry sector for this country. Includes a market overview and trade data.
The forestry and wood processing industry has a long tradition in Latvia. With forests covering more than 50 percent of Latvia’s territory, Latvia is one of the most forested EU member states. About half of forests are owned by the state. Timber processing is the largest industrial sector in Latvia and timber is one of Latvia’s top exports. The local sawmill industry has strong potential but would benefit from technology and machinery upgrades and modern managerial and marketing techniques. The sector accounts for roughly 20 percent of Latvia’s exports with 80 percent of the production designated specifically for exports.
Best prospects for U.S. exports include saw mill equipment, woodworking and furniture-making machinery, and plant technologies.
Please see the Supplement to the Official Journal of the European Union dedicated to European public procurement.
Latvian Export and Import Directory
The primary opportunities are in the sales of sawmill or woodworking equipment and machinery.
Latvian Forest Industry Federation
Latvian Investment and Development Agency
Woodworking Latvian Investment and Development Agency – Forest Industry