text: Latvia Latvia has been the biggest exporter of peat in the world by volume providing more than 19.9% of the world's volume followed only by Canada with 13% in 2022. In 2020, Latvia exported 1.97 million tons of peat, followed by Germany with 1.5 and Canada with 1.42 million tons. Nevertheless, although first in the world by volume, in monetary terms, Latvian comes second in the world behind Canada. As an example, Latvia's income from exports was 237 million US dollars.
  Latvia's peat deposits have been estimated to equal 1.7 billion tons. Latvia, as Finland due its climate has several peat bogs, which account for 9.9% of the country's territory.
  More than two thirds of the licensed areas for peat extraction are state-owned; 55% belong to the state whilst 23% belong to the municipalities
  Bogs in Latvia are considered important habitant due their ecological values and up to 128 thousand hectares or 40% of the areas in the territory are protected by environmental laws. The most famous national parks and reserves are the Ķemeri National Park, Cenas tīrelis and Teiči Nature Reserve.
  Finland
  The climate, geography, and environment of Finland favours bog and peat bog formation. Thus, peat is available in considerable quantities. It is burned to produce heat and electricity. Peat provides around 4% of Finland's annual energy production.