2023
Exports
$25.3MWorld Rnk 51 / 215
Flag Rnk 153 / 1196
2023
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.72Rnk 22 / 1025
2023
Imports
$43.3MWorld Rnk 70 / 225
Flag Rnk 132 / 1206

About

Exports In 2023, Latvia exported $25.3M in Chemical Analysis Instruments, making it the 51st largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 153rd most exported product in Latvia. The main destination of Chemical Analysis Instruments exports from Latvia are: United States ($6.9M), Lithuania ($3.13M), China ($2.38M), Russia ($1.68M), and Germany ($1.66M).

The fastest growing export markets for Chemical Analysis Instruments of Latvia between 2022 and 2023 were United States ($6.4M), Uzbekistan ($1.1M), and Germany ($593k).

Imports In 2023, Latvia imported $43.3M in Chemical Analysis Instruments, becoming the 70th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 132nd most imported product in Latvia. Latvia imports Chemical Analysis Instruments primarily from: Germany ($10.4M), China ($9.88M), United States ($6.26M), Hong Kong ($2.85M), and Poland ($1.57M).

The fastest growing import markets in Chemical Analysis Instruments for Latvia between 2022 and 2023 were United States ($4.69M), Hong Kong ($2.83M), and China ($1.67M).

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 Chemical Analysis Instruments. 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)$25.3M
IMPORTS (2023)$43.3M
NET TRADE (2023)-$18M

In 2023, Latvia exported $25.3M in Chemical Analysis Instruments. The main destinations of Latvia exports on Chemical Analysis Instruments were United States ($6.9M), Lithuania ($3.13M), China ($2.38M), Russia ($1.68M), and Germany ($1.66M).

In 2023, Latvia imported $43.3M in Chemical Analysis Instruments, mainly from Germany ($10.4M), China ($9.88M), United States ($6.26M), Hong Kong ($2.85M), and Poland ($1.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
United States$6.4M (1.27k%)
Uzbekistan$1.1M (262%)
Germany$593k (55.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Latvia WERE (2022 - 2023):
Denmark-$3.29M (-97.9%)
China-$1.51M (-38.7%)
France-$1.29M (-97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Chemical Analysis Instruments were:
In 2023, Latvia's main importing competitors in Chemical Analysis Instruments were:

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.8M
TOP IMPORT POTENTIALGermany+ $2.53M

Chemical Analysis Instruments’s highest export potential is China. With an export gap of $3.8M.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $2.53M.

See methodology.

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