2022
Exports
$67.4MWorld Rnk 60 / 218
Flag Rnk 59 / 1190
2022
PRODUCT COMPLEXITY IN Other Edible Preparations
0.054Rnk 531 / 1025
2022
Imports
$108MWorld Rnk 81 / 226
Flag Rnk 45 / 1203

About

Exports In 2022, Latvia exported $67.4M in Other Edible Preparations, making it the 60th largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 59th most exported product in Latvia. The main destination of Other Edible Preparations exports from Latvia are: Lithuania ($14.5M), Estonia ($11M), Russia ($5.14M), Belarus ($4.34M), and Poland ($2.92M).

The fastest growing export markets for Other Edible Preparations of Latvia between 2021 and 2022 were Estonia ($1.58M), Greece ($1.15M), and Kazakhstan ($906k).

Imports In 2022, Latvia imported $108M in Other Edible Preparations, becoming the 81st largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 45th most imported product in Latvia. Latvia imports Other Edible Preparations primarily from: Lithuania ($19.4M), Poland ($16.2M), Germany ($13.3M), Netherlands ($11.5M), and Ukraine ($6.94M).

The fastest growing import markets in Other Edible Preparations for Latvia between 2021 and 2022 were Germany ($2.71M), Poland ($2.52M), and Ukraine ($1.81M).

Latest Trends

Jul 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 Other Edible Preparations. 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)$67.4M
IMPORTS (2022)$108M
NET TRADE (2022)-$40.3M

In 2022, Latvia exported $67.4M in Other Edible Preparations. The main destinations of Latvia exports on Other Edible Preparations were Lithuania ($14.5M), Estonia ($11M), Russia ($5.14M), Belarus ($4.34M), and Poland ($2.92M).

In 2022, Latvia imported $108M in Other Edible Preparations, mainly from Lithuania ($19.4M), Poland ($16.2M), Germany ($13.3M), Netherlands ($11.5M), and Ukraine ($6.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Estonia$1.58M (16.8%)
Greece$1.15M (217%)
Kazakhstan$906k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Latvia WERE (2021 - 2022):
Netherlands-$3.96M (-78.7%)
Azerbaijan-$2.17M (-59.4%)
Ukraine-$1.96M (-52.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Other Edible Preparations were:
In 2022, Latvia's main importing competitors in Other Edible Preparations were:

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $3.51M
TOP IMPORT POTENTIALGermany+ $2.79M

Other Edible Preparations’s highest export potential is Russia. With an export gap of $3.51M.   Other Edible Preparations’s highest import potential is Germany with an import gap of $2.79M.

See methodology.

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