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Exports In 2023, Latvia exported $1.15B in Wheat, making it the 13th largest exporter of Wheat in the world. At the same year, Wheat was the 1st most exported product in Latvia. The main destination of Wheat exports from Latvia are: Nigeria ($669M), Angola ($70.8M), Spain ($64.1M), Tanzania ($28.9M), and Morocco ($27.8M).

The fastest growing export markets for Wheat of Latvia between 2022 and 2023 were Nigeria ($127M), Portugal ($16.5M), and Cote d'Ivoire ($15.2M).

Imports In 2023, Latvia imported $200M in Wheat, becoming the 62nd largest importer of Wheat in the world. At the same year, Wheat was the 16th most imported product in Latvia. Latvia imports Wheat primarily from: Lithuania ($137M), Estonia ($16.2M), Kazakhstan ($16.1M), Russia ($15.7M), and Ukraine ($12.1M).

The fastest growing import markets in Wheat for Latvia between 2022 and 2023 were Kazakhstan ($9.63M), Ukraine ($9.4M), and Estonia ($7.96M).

Latest Trends

Dec 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 Wheat. 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)$1.15B
IMPORTS (2023)$200M
NET TRADE (2023)$955M

In 2023, Latvia exported $1.15B in Wheat. The main destinations of Latvia exports on Wheat were Nigeria ($669M), Angola ($70.8M), Spain ($64.1M), Tanzania ($28.9M), and Morocco ($27.8M).

In 2023, Latvia imported $200M in Wheat, mainly from Lithuania ($137M), Estonia ($16.2M), Kazakhstan ($16.1M), Russia ($15.7M), and Ukraine ($12.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Nigeria$127M (23.5%)
Portugal$16.5M (281%)
Cote d'Ivoire$15.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Latvia WERE (2022 - 2023):
Saudi Arabia-$260M (-100%)
Spain-$44.9M (-41.2%)
Angola-$21.7M (-23.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Wheat were:
In 2023, Latvia's main importing competitors in Wheat were:

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALTurkey+ $13M
TOP IMPORT POTENTIALRussia+ $11.7M

Wheat’s highest export potential is Turkey. With an export gap of $13M.   Wheat’s highest import potential is Russia with an import gap of $11.7M.

See methodology.

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