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Exports In 2022, Latvia exported $1.22B in Wheat, making it the 15th largest exporter of Wheat in the world. At the same year, Wheat was the 2nd most exported product in Latvia. The main destination of Wheat exports from Latvia are: Nigeria ($498M), Saudi Arabia ($132M), Spain ($118M), Angola ($84.4M), and Netherlands ($57.1M).

The fastest growing export markets for Wheat of Latvia between 2021 and 2022 were Angola ($80.9M), Spain ($74.3M), and Saudi Arabia ($63.7M).

Imports In 2022, Latvia imported $177M in Wheat, becoming the 71st largest importer of Wheat in the world. At the same year, Wheat was the 24th most imported product in Latvia. Latvia imports Wheat primarily from: Lithuania ($126M), Russia ($22.9M), Kazakhstan ($7.68M), Netherlands ($7.14M), and France ($5.77M).

The fastest growing import markets in Wheat for Latvia between 2021 and 2022 were Netherlands ($7.13M), Lithuania ($6.12M), and France ($5.63M).

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 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 (2022)$1.22B
IMPORTS (2022)$177M
NET TRADE (2022)$1.05B

In 2022, Latvia exported $1.22B in Wheat. The main destinations of Latvia exports on Wheat were Nigeria ($498M), Saudi Arabia ($132M), Spain ($118M), Angola ($84.4M), and Netherlands ($57.1M).

In 2022, Latvia imported $177M in Wheat, mainly from Lithuania ($126M), Russia ($22.9M), Kazakhstan ($7.68M), Netherlands ($7.14M), and France ($5.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Angola$80.9M (2.32k%)
Spain$74.3M (168%)
Saudi Arabia$63.7M (93.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Latvia WERE (2021 - 2022):
South Africa-$33.8M (-54.6%)
Germany-$33.6M (-81.9%)
Mauritania-$17M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Latvia's main exporting competitors in Wheat were:
In 2022, Latvia's main importing competitors in Wheat were:
Egypt $4.82B
China $4.52B

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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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