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Exports In 2023, Latvia exported $5.28M in Amino-resins, making it the 54th largest exporter of Amino-resins in the world. At the same year, Amino-resins was the 381st most exported product in Latvia. The main destination of Amino-resins exports from Latvia are: Poland ($1.39M), Belarus ($642k), Lithuania ($627k), Russia ($460k), and Ukraine ($379k).

The fastest growing export markets for Amino-resins of Latvia between 2022 and 2023 were Poland ($869k), Hungary ($174k), and United Kingdom ($105k).

Imports In 2023, Latvia imported $55.5M in Amino-resins, becoming the 55th largest importer of Amino-resins in the world. At the same year, Amino-resins was the 107th most imported product in Latvia. Latvia imports Amino-resins primarily from: Germany ($14.4M), Finland ($7.15M), Belarus ($6.95M), Netherlands ($6.78M), and Belgium ($5.78M).

The fastest growing import markets in Amino-resins for Latvia between 2022 and 2023 were Germany ($1.65M), South Korea ($490k), and Saudi Arabia ($446k).

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 Amino-resins. 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)$5.28M
IMPORTS (2023)$55.5M
NET TRADE (2023)-$50.2M

In 2023, Latvia exported $5.28M in Amino-resins. The main destinations of Latvia exports on Amino-resins were Poland ($1.39M), Belarus ($642k), Lithuania ($627k), Russia ($460k), and Ukraine ($379k).

In 2023, Latvia imported $55.5M in Amino-resins, mainly from Germany ($14.4M), Finland ($7.15M), Belarus ($6.95M), Netherlands ($6.78M), and Belgium ($5.78M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Amino-resins EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Poland$869k (166%)
Hungary$174k (152%)
United Kingdom$105k (37.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Amino-resins BY Latvia WERE (2022 - 2023):
Belarus-$3.68M (-85.1%)
Russia-$816k (-63.9%)
Lithuania-$434k (-40.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Amino-resins were:
In 2023, Latvia's main importing competitors in Amino-resins were:

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Trade Value of Amino-resins by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $980k
TOP IMPORT POTENTIALGermany+ $1.38M

Amino-resins’s highest export potential is Russia. With an export gap of $980k.   Amino-resins’s highest import potential is Germany with an import gap of $1.38M.

See methodology.

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