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Exports In 2022, Latvia exported $1.81M in Laboratory Reagents, making it the 41st largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 568th most exported product in Latvia. The main destination of Laboratory Reagents exports from Latvia are: Uzbekistan ($1.8M), Georgia ($5.34k), Ukraine ($335), and Moldova ($5).

The fastest growing export markets for Laboratory Reagents of Latvia between 2021 and 2022 were Uzbekistan ($468k).

Imports In 2022, Latvia imported $60.9M in Laboratory Reagents, becoming the 7th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 98th most imported product in Latvia. Latvia imports Laboratory Reagents primarily from: Ukraine ($60.7M), Chinese Taipei ($143k), and Moldova ($82).

The fastest growing import markets in Laboratory Reagents for Latvia between 2021 and 2022 were Ukraine ($21.1M) and Moldova ($82).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Laboratory Reagents. 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 (2022)$1.81M
IMPORTS (2022)$60.9M
NET TRADE (2022)-$59.1M

In 2022, Latvia exported $1.81M in Laboratory Reagents. The main destinations of Latvia exports on Laboratory Reagents were Uzbekistan ($1.8M), Georgia ($5.34k), Ukraine ($335), and Moldova ($5).

In 2022, Latvia imported $60.9M in Laboratory Reagents, mainly from Ukraine ($60.7M), Chinese Taipei ($143k), and Moldova ($82).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Latvia WERE (2021 - 2022):Uzbekistan$468k (35.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Latvia WERE (2021 - 2022):
France-$35M (-100%)
Germany-$8.95M (-100%)
United Kingdom-$8.59M (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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In 2022, Latvia's main exporting competitors in Laboratory Reagents were:
In 2022, Latvia's main importing competitors in Laboratory Reagents were:

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $8.5M
TOP IMPORT POTENTIALChina+ $5.33M

Laboratory Reagents’s highest export potential is United States. With an export gap of $8.5M.   Laboratory Reagents’s highest import potential is China with an import gap of $5.33M.

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