2022
Exports
$769kWorld Rnk 36 / 139
Flag Rnk 699 / 1190
2022
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons
-1.93Rnk 992 / 1025
2022
Imports
$763kWorld Rnk 78 / 208
Flag Rnk 859 / 1203

About

Exports In 2022, Latvia exported $769k in Nutmeg, mace and cardamons, making it the 36th largest exporter of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 699th most exported product in Latvia. The main destination of Nutmeg, mace and cardamons exports from Latvia are: Poland ($255k), Romania ($128k), Bulgaria ($95.9k), Russia ($64.5k), and Hungary ($37.4k).

The fastest growing export markets for Nutmeg, mace and cardamons of Latvia between 2021 and 2022 were Poland ($132k), Bulgaria ($45.7k), and Kazakhstan ($19.9k).

Imports In 2022, Latvia imported $763k in Nutmeg, mace and cardamons, becoming the 78th largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 859th most imported product in Latvia. Latvia imports Nutmeg, mace and cardamons primarily from: Indonesia ($324k), Poland ($174k), Germany ($105k), Honduras ($59.2k), and Estonia ($39k).

The fastest growing import markets in Nutmeg, mace and cardamons for Latvia between 2021 and 2022 were Indonesia ($259k), Ukraine ($17k), and Poland ($9.4k).

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 Nutmeg, mace and cardamons. 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)$769k
IMPORTS (2022)$763k
NET TRADE (2022)$5.85k

In 2022, Latvia exported $769k in Nutmeg, mace and cardamons. The main destinations of Latvia exports on Nutmeg, mace and cardamons were Poland ($255k), Romania ($128k), Bulgaria ($95.9k), Russia ($64.5k), and Hungary ($37.4k).

In 2022, Latvia imported $763k in Nutmeg, mace and cardamons, mainly from Indonesia ($324k), Poland ($174k), Germany ($105k), Honduras ($59.2k), and Estonia ($39k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Poland$132k (107%)
Bulgaria$45.7k (91.2%)
Kazakhstan$19.9k (347%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Latvia WERE (2021 - 2022):
Ukraine-$86.3k (-100%)
Russia-$68.8k (-51.6%)
Lithuania-$5.08k (-24.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Nutmeg, mace and cardamons were:
In 2022, Latvia's main importing competitors in Nutmeg, mace and cardamons were:

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Trade Value of Nutmeg, mace and cardamons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.8k
TOP IMPORT POTENTIALIndonesia+ $60.8k

Nutmeg, mace and cardamons’s highest export potential is United States. With an export gap of $18.8k.   Nutmeg, mace and cardamons’s highest import potential is Indonesia with an import gap of $60.8k.

See methodology.

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