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Exports In 2023, Latvia exported $2.4M in Margarine, making it the 79th largest exporter of Margarine in the world. At the same year, Margarine was the 512th most exported product in Latvia. The main destination of Margarine exports from Latvia are: Ukraine ($1.09M), Russia ($524k), Lithuania ($467k), Moldova ($123k), and Netherlands ($51k).

The fastest growing export markets for Margarine of Latvia between 2022 and 2023 were Ukraine ($544k), Russia ($203k), and Estonia ($19.9k).

Imports In 2023, Latvia imported $10.7M in Margarine, becoming the 104th largest importer of Margarine in the world. At the same year, Margarine was the 349th most imported product in Latvia. Latvia imports Margarine primarily from: Poland ($3.85M), Lithuania ($3.41M), Germany ($851k), Estonia ($697k), and Denmark ($495k).

The fastest growing import markets in Margarine for Latvia between 2022 and 2023 were Poland ($451k), Denmark ($89.5k), and Germany ($78.3k).

Latest Trends

Jan 2025

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 Margarine. 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 (2023)$2.4M
IMPORTS (2023)$10.7M
NET TRADE (2023)-$8.33M

In 2023, Latvia exported $2.4M in Margarine. The main destinations of Latvia exports on Margarine were Ukraine ($1.09M), Russia ($524k), Lithuania ($467k), Moldova ($123k), and Netherlands ($51k).

In 2023, Latvia imported $10.7M in Margarine, mainly from Poland ($3.85M), Lithuania ($3.41M), Germany ($851k), Estonia ($697k), and Denmark ($495k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Ukraine$544k (100%)
Russia$203k (63.2%)
Estonia$19.9k (67.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Latvia WERE (2022 - 2023):
Belarus-$148k (-74.7%)
Lithuania-$105k (-18.4%)
Georgia-$102k (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Margarine were:
In 2023, Latvia's main importing competitors in Margarine were:
China $1.08B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $166k
TOP IMPORT POTENTIALRussia+ $482k

Margarine’s highest export potential is Russia. With an export gap of $166k.   Margarine’s highest import potential is Russia with an import gap of $482k.

See methodology.

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