Hard Liquor in Latvia

EXPORTS (2018): $561M, World Rnk 12 / 177
Flag Rnk 3 / 1120

TOP DESTINATION (2018): $357M, Russia

FASTEST GROWING MARKET (2017 - 2018): $82.5M, Russia

IMPORTS (2018): $486M, World Rnk 18 / 219
Flag Rnk 7 / 1175

TOP ORIGIN (2018): $153M, United Kingdom

FASTEST GROWING ORIGIN (2017 - 2018): $73.9M, United Kingdom

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

PRODUCT COMPLEXITY  IN Hard Liquor (2018): -0.52, Rnk 703 / 1018

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

Exports: In 2018, Latvia exported $561M in Hard Liquor, making it the 12th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 3rd most exported product in Latvia. The main destination of Hard Liquor exports from Latvia are: Russia ($357M), Ukraine ($39.1M), United States ($38.7M), Belarus ($12.6M), and Kazakhstan ($11.2M).

The fastest growing export markets for Hard Liquor of Latvia between 2017 and 2018 were Russia ($82.5M), Ukraine ($21.3M), and Kazakhstan ($8.06M).

Imports: In 2018, Latvia imported $486M in Hard Liquor, becoming the 18th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 7th most imported product in Latvia. Latvia imports Hard Liquor primarily from: United Kingdom ($153M), France ($60.2M), Ireland ($46M), Estonia ($27.7M), and Russia ($27.3M).

The fastest growing import markets in Hard Liquor for Latvia between 2017 and 2018 were United Kingdom ($73.9M), Italy ($15.2M), and Russia ($12.4M).

Tariffs: In 2001, the average tariff for Latvia in Hard Liquor was 30%. The countries with the highest import tariffs for Hard Liquor were Angola (30%), Burundi (30%), Benin (30%), Burkina Faso (30%), and Botswana (30%).

Value

EXPORTS (2018): $561M

IMPORTS (2018): $486M

NET TRADE (2018): $74.8M

In 2018, Latvia exported $561M in Hard Liquor. The main destinations of Latvia exports on Hard Liquor were Russia ($357M), Ukraine ($39.1M), United States ($38.7M), Belarus ($12.6M), and Kazakhstan ($11.2M).

In 2018, Latvia imported $486M in Hard Liquor, mainly from United Kingdom ($153M), France ($60.2M), Ireland ($46M), Estonia ($27.7M), and Russia ($27.3M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Hard Liquor WITH:

  • Russia, $330M ($357M - $27.3M)
  • Ukraine, $31.8M ($39.1M - $7.32M)
  • United States, $22M ($38.7M - $16.7M)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Hard Liquor WITH:

  • United Kingdom, -$150M ($2.88M - $153M)
  • France, -$58.6M ($1.6M - $60.2M)
  • Ireland, -$45.9M ($72.6k - $46M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor 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 Hard Liquor were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Hard Liquor 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 2001, the average tariff for Latvia in Hard Liquor was 30%.

The countries with the highest tariffs for Hard Liquor in Latvia were Angola (30%), Burundi (30%), Benin (30%), Burkina Faso (30%), and Botswana (30%).

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