2023
Exports
$833kWorld Rnk 24 / 79
Flag Rnk 670 / 1196
2023
PRODUCT COMPLEXITY IN Phosphoric Esters and Salts
1.52Rnk 41 / 1025
2023
Imports
$556kWorld Rnk 67 / 149
Flag Rnk 877 / 1206

About

Exports In 2023, Latvia exported $833k in Phosphoric Esters and Salts, making it the 24th largest exporter of Phosphoric Esters and Salts in the world. At the same year, Phosphoric Esters and Salts was the 670th most exported product in Latvia. The main destination of Phosphoric Esters and Salts exports from Latvia are: Turkey ($747k), Lithuania ($75.8k), United Kingdom ($6.07k), Netherlands ($2.65k), and Germany ($1.19k).

The fastest growing export markets for Phosphoric Esters and Salts of Latvia between 2022 and 2023 were Turkey ($357k), Lithuania ($75.5k), and United Kingdom ($6.07k).

Imports In 2023, Latvia imported $556k in Phosphoric Esters and Salts, becoming the 67th largest importer of Phosphoric Esters and Salts in the world. At the same year, Phosphoric Esters and Salts was the 877th most imported product in Latvia. Latvia imports Phosphoric Esters and Salts primarily from: China ($348k), Belgium ($57.5k), Sweden ($51.2k), Turkey ($40.2k), and Netherlands ($30.9k).

The fastest growing import markets in Phosphoric Esters and Salts for Latvia between 2022 and 2023 were China ($156k) and Turkey ($3.56k).

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 Phosphoric Esters and Salts. 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)$833k
IMPORTS (2023)$556k
NET TRADE (2023)$277k

In 2023, Latvia exported $833k in Phosphoric Esters and Salts. The main destinations of Latvia exports on Phosphoric Esters and Salts were Turkey ($747k), Lithuania ($75.8k), United Kingdom ($6.07k), Netherlands ($2.65k), and Germany ($1.19k).

In 2023, Latvia imported $556k in Phosphoric Esters and Salts, mainly from China ($348k), Belgium ($57.5k), Sweden ($51.2k), Turkey ($40.2k), and Netherlands ($30.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Esters and Salts EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Turkey$357k (91.6%)
Lithuania$75.5k (22.3k%)
United Kingdom$6.07k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Esters and Salts BY Latvia WERE (2022 - 2023):
Poland-$11.6k (-100%)
Russia-$7.52k (-100%)
Netherlands-$3.82k (-59.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Phosphoric Esters and Salts were:
China $511M
Japan $50.7M
In 2023, Latvia's main importing competitors in Phosphoric Esters and Salts were:

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Trade Value of Phosphoric Esters and Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $15.4k
TOP IMPORT POTENTIALChina+ $96.3k

Phosphoric Esters and Salts’s highest export potential is Russia. With an export gap of $15.4k.   Phosphoric Esters and Salts’s highest import potential is China with an import gap of $96.3k.

See methodology.

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