Margarine in Latvia

EXPORTS (2018): $739k, World Rnk 84 / 133
Flag Rnk 673 / 1120

TOP DESTINATION (2018): $274k, Estonia

FASTEST GROWING MARKET (2017 - 2018): $186k, Estonia

IMPORTS (2018): $13.4M, World Rnk 78 / 214
Flag Rnk 275 / 1175

TOP ORIGIN (2018): $4.27M, Poland

FASTEST GROWING ORIGIN (2017 - 2018): $1.17M, Sweden

ECONOMIC COMPLEXITY of Latvia (2018): 0.84, Rnk 36 / 137

PRODUCT COMPLEXITY  IN Margarine (2018): -0.75, Rnk 760 / 1018

Overview: This page contains the latest trade data of Margarine in Latvia.

Exports: In 2018, Latvia exported $739k in Margarine, making it the 84th largest exporter of Margarine in the world. At the same year, Margarine was the 673rd most exported product in Latvia. The main destination of Margarine exports from Latvia are: Estonia ($274k), Russia ($188k), Lithuania ($174k), Moldova ($37.7k), and Ukraine ($16k).

The fastest growing export markets for Margarine of Latvia between 2017 and 2018 were Estonia ($186k), Russia ($64.9k), and Lithuania ($36.5k).

Imports: In 2018, Latvia imported $13.4M in Margarine, becoming the 78th largest importer of Margarine in the world. At the same year, Margarine was the 275th most imported product in Latvia. Latvia imports Margarine primarily from: Poland ($4.27M), Lithuania ($2.91M), Indonesia ($1.96M), Sweden ($1.27M), and Germany ($1.04M).

The fastest growing import markets in Margarine for Latvia between 2017 and 2018 were Sweden ($1.17M), Indonesia ($783k), and Germany ($365k).

Tariffs: In 2017, the average tariff for Latvia in Margarine was 15.6%. The countries with the highest import tariffs for Margarine were Syria (21.6%), Western Sahara (17%), Gabon (17%), Libya (17%), and Mayotte (17%).

Value

EXPORTS (2018): $739k

IMPORTS (2018): $13.4M

NET TRADE (2018): -$12.7M

In 2018, Latvia exported $739k in Margarine. The main destinations of Latvia exports on Margarine were Estonia ($274k), Russia ($188k), Lithuania ($174k), Moldova ($37.7k), and Ukraine ($16k).

In 2018, Latvia imported $13.4M in Margarine, mainly from Poland ($4.27M), Lithuania ($2.91M), Indonesia ($1.96M), Sweden ($1.27M), and Germany ($1.04M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Margarine WITH:

  • Russia, $162k ($188k - $26.5k)
  • Moldova, $37.7k ($37.7k - $0)
  • Ukraine, $16k ($16k - $0)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Margarine WITH:

  • Poland, -$4.27M ($0 - $4.27M)
  • Lithuania, -$2.73M ($174k - $2.91M)
  • Indonesia, -$1.96M ($0 - $1.96M)
Flow

THE FASTEST GROWING Margarine EXPORT MARKETS FOR Latvia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Latvia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Latvia's main exporting competitors in Margarine were:

In 2018, Latvia's main importing competitors in Margarine were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Margarine in Latvia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Latvia in Margarine was 15.6%.

The countries with the highest tariffs for Margarine in Latvia were Syria (21.6%), Western Sahara (17%), Gabon (17%), Libya (17%), and Mayotte (17%).

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