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Exports In 2023, Latvia exported $1.29M in Carboxylic Acids, making it the 61st largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 613th most exported product in Latvia. The main destination of Carboxylic Acids exports from Latvia are: Estonia ($372k), Russia ($302k), Netherlands ($142k), United States ($111k), and Lithuania ($108k).

The fastest growing export markets for Carboxylic Acids of Latvia between 2022 and 2023 were United States ($86.5k), Netherlands ($57k), and Spain ($25.4k).

Imports In 2023, Latvia imported $4.65M in Carboxylic Acids, becoming the 87th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 516th most imported product in Latvia. Latvia imports Carboxylic Acids primarily from: China ($1.29M), Italy ($751k), Lithuania ($525k), Poland ($480k), and Ukraine ($453k).

The fastest growing import markets in Carboxylic Acids for Latvia between 2022 and 2023 were Ukraine ($218k), India ($119k), and Italy ($118k).

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 Carboxylic Acids. 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)$1.29M
IMPORTS (2023)$4.65M
NET TRADE (2023)-$3.36M

In 2023, Latvia exported $1.29M in Carboxylic Acids. The main destinations of Latvia exports on Carboxylic Acids were Estonia ($372k), Russia ($302k), Netherlands ($142k), United States ($111k), and Lithuania ($108k).

In 2023, Latvia imported $4.65M in Carboxylic Acids, mainly from China ($1.29M), Italy ($751k), Lithuania ($525k), Poland ($480k), and Ukraine ($453k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United States$86.5k (351%)
Netherlands$57k (67.3%)
Spain$25.4k (697%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY Latvia WERE (2022 - 2023):
Lithuania-$669k (-86.1%)
Estonia-$335k (-47.4%)
Russia-$130k (-30.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Latvia's main exporting competitors in Carboxylic Acids were:
China $3.46B
India $879M
In 2023, Latvia's main importing competitors in Carboxylic Acids were:

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $292k
TOP IMPORT POTENTIALChina+ $901k

Carboxylic Acids’s highest export potential is Russia. With an export gap of $292k.   Carboxylic Acids’s highest import potential is China with an import gap of $901k.

See methodology.

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