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Exports In 2022, Latvia exported $37.6M in Corn, making it the 44th largest exporter of Corn in the world. At the same year, Corn was the 106th most exported product in Latvia. The main destination of Corn exports from Latvia are: Spain ($19.7M), Estonia ($6.14M), Portugal ($5.74M), Netherlands ($3.86M), and Lithuania ($1.8M).

The fastest growing export markets for Corn of Latvia between 2021 and 2022 were Spain ($19.7M), Portugal ($5.74M), and Netherlands ($3.83M).

Imports In 2022, Latvia imported $52.3M in Corn, becoming the 81st largest importer of Corn in the world. At the same year, Corn was the 113th most imported product in Latvia. Latvia imports Corn primarily from: Russia ($37.9M), Lithuania ($6.58M), Poland ($2.68M), Ukraine ($1.97M), and France ($788k).

The fastest growing import markets in Corn for Latvia between 2021 and 2022 were Lithuania ($4.37M), Poland ($2.27M), and Ukraine ($667k).

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 Corn. 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)$37.6M
IMPORTS (2022)$52.3M
NET TRADE (2022)-$14.7M

In 2022, Latvia exported $37.6M in Corn. The main destinations of Latvia exports on Corn were Spain ($19.7M), Estonia ($6.14M), Portugal ($5.74M), Netherlands ($3.86M), and Lithuania ($1.8M).

In 2022, Latvia imported $52.3M in Corn, mainly from Russia ($37.9M), Lithuania ($6.58M), Poland ($2.68M), Ukraine ($1.97M), and France ($788k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Spain$19.7M (1%)
Portugal$5.74M (1%)
Netherlands$3.83M (12.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Latvia WERE (2021 - 2022):
United Kingdom-$4.35M (-100%)
Norway-$927k (-100%)
Egypt-$298k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Corn were:
In 2022, Latvia's main importing competitors in Corn were:
China $6.81B
Mexico $5.38B
Japan $5.12B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $1.33M
TOP IMPORT POTENTIALUkraine+ $2.19M

Corn’s highest export potential is Netherlands. With an export gap of $1.33M.   Corn’s highest import potential is Ukraine with an import gap of $2.19M.

See methodology.

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