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Exports In 2022, Latvia exported $2.81M in Rice, making it the 74th largest exporter of Rice in the world. At the same year, Rice was the 486th most exported product in Latvia. The main destination of Rice exports from Latvia are: Lithuania ($1.4M), Estonia ($1.17M), Netherlands ($69.4k), United Kingdom ($54.5k), and Poland ($38.3k).

The fastest growing export markets for Rice of Latvia between 2021 and 2022 were Lithuania ($333k), Estonia ($66.8k), and Netherlands ($60.1k).

Imports In 2022, Latvia imported $9.37M in Rice, becoming the 146th largest importer of Rice in the world. At the same year, Rice was the 376th most imported product in Latvia. Latvia imports Rice primarily from: Italy ($2.4M), Lithuania ($1.72M), Burma ($826k), Poland ($664k), and Pakistan ($538k).

The fastest growing import markets in Rice for Latvia between 2021 and 2022 were Lithuania ($801k), Italy ($650k), and Burma ($513k).

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 Rice. 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)$2.81M
IMPORTS (2022)$9.37M
NET TRADE (2022)-$6.56M

In 2022, Latvia exported $2.81M in Rice. The main destinations of Latvia exports on Rice were Lithuania ($1.4M), Estonia ($1.17M), Netherlands ($69.4k), United Kingdom ($54.5k), and Poland ($38.3k).

In 2022, Latvia imported $9.37M in Rice, mainly from Italy ($2.4M), Lithuania ($1.72M), Burma ($826k), Poland ($664k), and Pakistan ($538k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Lithuania$333k (31.2%)
Estonia$66.8k (6.05%)
Netherlands$60.1k (641%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Latvia WERE (2021 - 2022):
Papua New Guinea-$13.1k (-100%)
India-$12.2k (-100%)
Slovakia-$8.81k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Rice were:
India $11.1B
Vietnam $3.18B
In 2022, Latvia's main importing competitors in Rice were:

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $84.8k
TOP IMPORT POTENTIALPakistan+ $553k

Rice’s highest export potential is Netherlands. With an export gap of $84.8k.   Rice’s highest import potential is Pakistan with an import gap of $553k.

See methodology.

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