2022
Exports
$3.46MWorld Rnk 47 / 157
Flag Rnk 449 / 1190
2022
PRODUCT COMPLEXITY IN Nucleic Acids
1.37Rnk 78 / 1025
2022
Imports
$4.16MWorld Rnk 82 / 191
Flag Rnk 552 / 1203

About

Exports In 2022, Latvia exported $3.46M in Nucleic Acids, making it the 47th largest exporter of Nucleic Acids in the world. At the same year, Nucleic Acids was the 449th most exported product in Latvia. The main destination of Nucleic Acids exports from Latvia are: Italy ($695k), Chinese Taipei ($433k), Japan ($380k), France ($334k), and Canada ($265k).

The fastest growing export markets for Nucleic Acids of Latvia between 2021 and 2022 were Italy ($592k), Chinese Taipei ($260k), and Russia ($170k).

Imports In 2022, Latvia imported $4.16M in Nucleic Acids, becoming the 82nd largest importer of Nucleic Acids in the world. At the same year, Nucleic Acids was the 552nd most imported product in Latvia. Latvia imports Nucleic Acids primarily from: China ($1.76M), Ukraine ($1.36M), Netherlands ($251k), Germany ($201k), and India ($185k).

The fastest growing import markets in Nucleic Acids for Latvia between 2021 and 2022 were Ukraine ($707k), India ($118k), and France ($54.3k).

Latest Trends

Oct 2024

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 Nucleic Acids. 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)$3.46M
IMPORTS (2022)$4.16M
NET TRADE (2022)-$701k

In 2022, Latvia exported $3.46M in Nucleic Acids. The main destinations of Latvia exports on Nucleic Acids were Italy ($695k), Chinese Taipei ($433k), Japan ($380k), France ($334k), and Canada ($265k).

In 2022, Latvia imported $4.16M in Nucleic Acids, mainly from China ($1.76M), Ukraine ($1.36M), Netherlands ($251k), Germany ($201k), and India ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nucleic Acids EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Italy$592k (572%)
Chinese Taipei$260k (150%)
Russia$170k (1.71k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nucleic Acids BY Latvia WERE (2021 - 2022):
United Kingdom-$454k (-65.8%)
France-$272k (-44.9%)
South Korea-$270k (-91.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Nucleic Acids were:
In 2022, Latvia's main importing competitors in Nucleic Acids were:

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Trade Value of Nucleic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $513k
TOP IMPORT POTENTIALChina+ $410k

Nucleic Acids’s highest export potential is United States. With an export gap of $513k.   Nucleic Acids’s highest import potential is China with an import gap of $410k.

See methodology.

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