Packaged Medicaments in Latvia

EXPORTS (2018): $501M, World Rnk 43 / 190
Flag Rnk 4 / 1120

TOP DESTINATION (2018): $117M, Russia

FASTEST GROWING MARKET (2017 - 2018): $34M, Estonia

IMPORTS (2018): $597M, World Rnk 64 / 217
Flag Rnk 4 / 1175

TOP ORIGIN (2018): $166M, Lithuania

FASTEST GROWING ORIGIN (2017 - 2018): $32M, Poland

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

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

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

Exports: In 2018, Latvia exported $501M in Packaged Medicaments, making it the 43rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in Latvia. The main destination of Packaged Medicaments exports from Latvia are: Russia ($117M), Lithuania ($108M), Estonia ($57.9M), Uzbekistan ($44.7M), and Germany ($32.7M).

The fastest growing export markets for Packaged Medicaments of Latvia between 2017 and 2018 were Estonia ($34M), Russia ($26.9M), and Belarus ($7.36M).

Imports: In 2018, Latvia imported $597M in Packaged Medicaments, becoming the 64th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Latvia. Latvia imports Packaged Medicaments primarily from: Lithuania ($166M), Poland ($63.5M), Switzerland ($56.3M), Germany ($31.3M), and Netherlands ($30.1M).

The fastest growing import markets in Packaged Medicaments for Latvia between 2017 and 2018 were Poland ($32M), Ireland ($13.3M), and Russia ($12M).

Value

EXPORTS (2018): $501M

IMPORTS (2018): $597M

NET TRADE (2018): -$95.9M

In 2018, Latvia exported $501M in Packaged Medicaments. The main destinations of Latvia exports on Packaged Medicaments were Russia ($117M), Lithuania ($108M), Estonia ($57.9M), Uzbekistan ($44.7M), and Germany ($32.7M).

In 2018, Latvia imported $597M in Packaged Medicaments, mainly from Lithuania ($166M), Poland ($63.5M), Switzerland ($56.3M), Germany ($31.3M), and Netherlands ($30.1M).

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IN 2018, Latvia HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

  • Russia, $103M ($117M - $14.2M)
  • Uzbekistan, $44.7M ($44.7M - $0)
  • Estonia, $35.5M ($57.9M - $22.5M)

IN 2018, Latvia HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

  • Poland, -$58M ($5.51M - $63.5M)
  • Lithuania, -$57.5M ($108M - $166M)
  • Switzerland, -$55.7M ($610k - $56.3M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments 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 Packaged Medicaments were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Packaged Medicaments 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 tariffs for Packaged Medicaments in the imports of Latvia were of 0% around the world.

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