2023
Exports
$15.5MWorld Rnk 49 / 150
Flag Rnk 210 / 1196
2023
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.38Rnk 663 / 1025
2023
Imports
$4.98MWorld Rnk 51 / 183
Flag Rnk 504 / 1206

About

Exports In 2023, Latvia exported $15.5M in Inedible Fats and Oils, making it the 49th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 210th most exported product in Latvia. The main destination of Inedible Fats and Oils exports from Latvia are: Germany ($12M), Lithuania ($1.71M), Netherlands ($1.49M), Poland ($243k), and Denmark ($26k).

The fastest growing export markets for Inedible Fats and Oils of Latvia between 2022 and 2023 were Germany ($5.31M), Netherlands ($742k), and Poland ($169k).

Imports In 2023, Latvia imported $4.98M in Inedible Fats and Oils, becoming the 51st largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 504th most imported product in Latvia. Latvia imports Inedible Fats and Oils primarily from: Estonia ($2.83M), Lithuania ($1.85M), Denmark ($110k), Belgium ($43.7k), and Netherlands ($40.4k).

The fastest growing import markets in Inedible Fats and Oils for Latvia between 2022 and 2023 were Estonia ($2.07M), Belgium ($40.6k), and Ukraine ($20.8k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Inedible Fats and Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$15.5M
IMPORTS (2023)$4.98M
NET TRADE (2023)$10.5M

In 2023, Latvia exported $15.5M in Inedible Fats and Oils. The main destinations of Latvia exports on Inedible Fats and Oils were Germany ($12M), Lithuania ($1.71M), Netherlands ($1.49M), Poland ($243k), and Denmark ($26k).

In 2023, Latvia imported $4.98M in Inedible Fats and Oils, mainly from Estonia ($2.83M), Lithuania ($1.85M), Denmark ($110k), Belgium ($43.7k), and Netherlands ($40.4k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Germany$5.31M (79.6%)
Netherlands$742k (99%)
Poland$169k (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Latvia WERE (2022 - 2023):
Czechia-$74.5k (-86.2%)
Ireland-$43.8k (-100%)
Lithuania-$43.6k (-2.48%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Latvia's main exporting competitors in Inedible Fats and Oils were:
In 2023, Latvia's main importing competitors in Inedible Fats and Oils were:

Explore Visualizations

Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $674k
TOP IMPORT POTENTIALIndonesia+ $136k

Inedible Fats and Oils’s highest export potential is Netherlands. With an export gap of $674k.   Inedible Fats and Oils’s highest import potential is Indonesia with an import gap of $136k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with