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Exports In 2023, Latvia exported $632k in Cocoa Paste, making it the 40th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 712th most exported product in Latvia. The main destination of Cocoa Paste exports from Latvia are: Russia ($304k), Belarus ($235k), Uzbekistan ($90.2k), Netherlands ($2.75k), and Estonia ($58).

The fastest growing export markets for Cocoa Paste of Latvia between 2022 and 2023 were Belarus ($74.6k) and Netherlands ($1.32k).

Imports In 2023, Latvia imported $1.8M in Cocoa Paste, becoming the 66th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 699th most imported product in Latvia. Latvia imports Cocoa Paste primarily from: Lithuania ($913k), Estonia ($529k), Netherlands ($212k), Belgium ($74.6k), and Cote d'Ivoire ($37.8k).

The fastest growing import markets in Cocoa Paste for Latvia between 2022 and 2023 were Lithuania ($178k), Estonia ($116k), and Belgium ($71.9k).

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 Paste. 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)$632k
IMPORTS (2023)$1.8M
NET TRADE (2023)-$1.16M

In 2023, Latvia exported $632k in Cocoa Paste. The main destinations of Latvia exports on Cocoa Paste were Russia ($304k), Belarus ($235k), Uzbekistan ($90.2k), Netherlands ($2.75k), and Estonia ($58).

In 2023, Latvia imported $1.8M in Cocoa Paste, mainly from Lithuania ($913k), Estonia ($529k), Netherlands ($212k), Belgium ($74.6k), and Cote d'Ivoire ($37.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Belarus$74.6k (46.6%)
Netherlands$1.32k (92.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Latvia WERE (2022 - 2023):
Russia-$389k (-56.2%)
Uzbekistan-$73.3k (-44.8%)
Estonia-$16 (-21.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $7.61k
TOP IMPORT POTENTIALNetherlands+ $59.7k

Cocoa Paste’s highest export potential is Netherlands. With an export gap of $7.61k.   Cocoa Paste’s highest import potential is Netherlands with an import gap of $59.7k.

See methodology.

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