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Exports In 2023, Latvia exported $2.4M in Cocoa Butter, making it the 35th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 513th most exported product in Latvia. The main destination of Cocoa Butter exports from Latvia are: Belarus ($2.33M), Russia ($44.6k), Germany ($11.4k), Lithuania ($10.1k), and Estonia ($3.5k).

The fastest growing export markets for Cocoa Butter of Latvia between 2022 and 2023 were Belarus ($1.89M), Russia ($44.6k), and Lithuania ($9.67k).

Imports In 2023, Latvia imported $3.33M in Cocoa Butter, becoming the 59th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 576th most imported product in Latvia. Latvia imports Cocoa Butter primarily from: Netherlands ($2.87M), Estonia ($327k), Denmark ($39.6k), Belgium ($24.3k), and Indonesia ($22.4k).

The fastest growing import markets in Cocoa Butter for Latvia between 2022 and 2023 were Netherlands ($1.81M), Estonia ($173k), and Belgium ($6.8k).

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 Cocoa Butter. 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)$2.4M
IMPORTS (2023)$3.33M
NET TRADE (2023)-$936k

In 2023, Latvia exported $2.4M in Cocoa Butter. The main destinations of Latvia exports on Cocoa Butter were Belarus ($2.33M), Russia ($44.6k), Germany ($11.4k), Lithuania ($10.1k), and Estonia ($3.5k).

In 2023, Latvia imported $3.33M in Cocoa Butter, mainly from Netherlands ($2.87M), Estonia ($327k), Denmark ($39.6k), Belgium ($24.3k), and Indonesia ($22.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Belarus$1.89M (431%)
Russia$44.6k (1%)
Lithuania$9.67k (2.43k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Latvia WERE (2022 - 2023):
Uzbekistan-$357k (-99.9%)
Ukraine-$6.16k (-100%)
Germany-$2.93k (-20.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Latvia's main exporting competitors in Cocoa Butter were:
In 2023, Latvia's main importing competitors in Cocoa Butter were:

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $41.7k
TOP IMPORT POTENTIALIndonesia+ $65.3k

Cocoa Butter’s highest export potential is Germany. With an export gap of $41.7k.   Cocoa Butter’s highest import potential is Indonesia with an import gap of $65.3k.

See methodology.

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