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Exports In 2022, Latvia exported $390M in Hard Liquor, making it the 16th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 10th most exported product in Latvia. The main destination of Hard Liquor exports from Latvia are: Russia ($148M), United States ($50.4M), Ukraine ($20.2M), Lithuania ($19.3M), and Kazakhstan ($18.3M).

The fastest growing export markets for Hard Liquor of Latvia between 2021 and 2022 were Germany ($4.92M), Greece ($4.08M), and Kazakhstan ($3.59M).

Imports In 2018, Latvia imported $420M in Hard Liquor, becoming the 21st 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 ($128M), France ($50.7M), Ireland ($38.3M), Russia ($21.9M), and Estonia ($21.1M).

The fastest growing import markets in Hard Liquor for Latvia between 2021 and 2022 were Dominican Republic ($11.7M), United Kingdom ($9.72M), and Italy ($6.11M).

COMPANIES In 2023, leading companies such as SAC (Société des alcools du Québec) (2) were at the forefront of shipping Hard Liquor from Latvia to the United States.

Latest Trends

Oct 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 Hard Liquor. 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)$390M
IMPORTS (2022)$420M
NET TRADE (2022)-$29.4M

In 2022, Latvia exported $390M in Hard Liquor. The main destinations of Latvia exports on Hard Liquor were Russia ($148M), United States ($50.4M), Ukraine ($20.2M), Lithuania ($19.3M), and Kazakhstan ($18.3M).

In 2022, Latvia imported $420M in Hard Liquor, mainly from United Kingdom ($128M), France ($50.7M), Ireland ($38.3M), Russia ($21.9M), and Estonia ($21.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Germany$4.92M (173%)
Greece$4.08M (102%)
Kazakhstan$3.59M (24.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Latvia WERE (2021 - 2022):
Russia-$80.1M (-35.2%)
Ukraine-$18.8M (-48.2%)
Belarus-$2.62M (-40.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Hard Liquor were:
In 2022, Latvia's main importing competitors in Hard Liquor were:

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $23.7M
TOP IMPORT POTENTIALMexico+ $3.93M

Hard Liquor’s highest export potential is United States. With an export gap of $23.7M.   Hard Liquor’s highest import potential is Mexico with an import gap of $3.93M.

See methodology.

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