2022
Exports
$6.03MWorld Rnk 33 / 143
Flag Rnk 352 / 1190
2022
PRODUCT COMPLEXITY IN Other Fermented Beverages
0.091Rnk 525 / 1025
2022
Imports
$16.4MWorld Rnk 22 / 218
Flag Rnk 283 / 1203

About

Exports In 2022, Latvia exported $6.03M in Other Fermented Beverages, making it the 33rd largest exporter of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 352nd most exported product in Latvia. The main destination of Other Fermented Beverages exports from Latvia are: Lithuania ($1.39M), Estonia ($1.23M), Russia ($734k), Israel ($364k), and United Kingdom ($240k).

The fastest growing export markets for Other Fermented Beverages of Latvia between 2021 and 2022 were Lithuania ($409k), Estonia ($159k), and Croatia ($123k).

Imports In 2022, Latvia imported $16.4M in Other Fermented Beverages, becoming the 22nd largest importer of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 283rd most imported product in Latvia. Latvia imports Other Fermented Beverages primarily from: Lithuania ($7.51M), Estonia ($5.91M), Finland ($586k), Poland ($479k), and Armenia ($434k).

The fastest growing import markets in Other Fermented Beverages for Latvia between 2021 and 2022 were Estonia ($725k), Finland ($526k), and Poland ($79.7k).

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 Other Fermented Beverages. 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)$6.03M
IMPORTS (2022)$16.4M
NET TRADE (2022)-$10.4M

In 2022, Latvia exported $6.03M in Other Fermented Beverages. The main destinations of Latvia exports on Other Fermented Beverages were Lithuania ($1.39M), Estonia ($1.23M), Russia ($734k), Israel ($364k), and United Kingdom ($240k).

In 2022, Latvia imported $16.4M in Other Fermented Beverages, mainly from Lithuania ($7.51M), Estonia ($5.91M), Finland ($586k), Poland ($479k), and Armenia ($434k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Fermented Beverages EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$409k (41.7%)
Estonia$159k (14.9%)
Croatia$123k (1.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Fermented Beverages BY Latvia WERE (2021 - 2022):
United Kingdom-$314k (-56.7%)
Russia-$275k (-27.2%)
China-$184k (-92.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Other Fermented Beverages were:
In 2022, Latvia's main importing competitors in Other Fermented Beverages were:

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Trade Value of Other Fermented Beverages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $292k
TOP IMPORT POTENTIALItaly+ $136k

Other Fermented Beverages’s highest export potential is Russia. With an export gap of $292k.   Other Fermented Beverages’s highest import potential is Italy with an import gap of $136k.

See methodology.

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