2022
Exports
$8.5MWorld Rnk 52 / 157
Flag Rnk 311 / 1190
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.61Rnk 312 / 1025
2022
Imports
$6.96MWorld Rnk 92 / 215
Flag Rnk 451 / 1203

About

Exports In 2022, Latvia exported $8.5M in Unpackaged Medicaments, making it the 52nd largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 311th most exported product in Latvia. The main destination of Unpackaged Medicaments exports from Latvia are: Netherlands ($3.42M), Denmark ($1.65M), Greece ($893k), Georgia ($886k), and Poland ($782k).

The fastest growing export markets for Unpackaged Medicaments of Latvia between 2021 and 2022 were Denmark ($1.1M), Greece ($893k), and Poland ($574k).

Imports In 2022, Latvia imported $6.96M in Unpackaged Medicaments, becoming the 92nd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 451st most imported product in Latvia. Latvia imports Unpackaged Medicaments primarily from: Slovenia ($1.4M), Romania ($1.16M), India ($768k), France ($758k), and Spain ($530k).

The fastest growing import markets in Unpackaged Medicaments for Latvia between 2021 and 2022 were Slovenia ($1.17M), Romania ($1.1M), and India ($387k).

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 Unpackaged Medicaments. 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)$8.5M
IMPORTS (2022)$6.96M
NET TRADE (2022)$1.54M

In 2022, Latvia exported $8.5M in Unpackaged Medicaments. The main destinations of Latvia exports on Unpackaged Medicaments were Netherlands ($3.42M), Denmark ($1.65M), Greece ($893k), Georgia ($886k), and Poland ($782k).

In 2022, Latvia imported $6.96M in Unpackaged Medicaments, mainly from Slovenia ($1.4M), Romania ($1.16M), India ($768k), France ($758k), and Spain ($530k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Denmark$1.1M (199%)
Greece$893k (1%)
Poland$574k (276%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Latvia WERE (2021 - 2022):
Netherlands-$13.2M (-79.4%)
Lithuania-$1.34M (-96.4%)
Finland-$548k (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Unpackaged Medicaments were:
In 2022, Latvia's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $214k
TOP IMPORT POTENTIALIndia+ $392k

Unpackaged Medicaments’s highest export potential is United Kingdom. With an export gap of $214k.   Unpackaged Medicaments’s highest import potential is India with an import gap of $392k.

See methodology.

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