2023
Exports
$6.35MWorld Rnk 31 / 149
Flag Rnk 348 / 1196
2023
PRODUCT COMPLEXITY IN Other Fermented Beverages
0.057Rnk 535 / 1025
2023
Imports
$16.1MWorld Rnk 27 / 213
Flag Rnk 267 / 1206

About

Exports In 2023, Latvia exported $6.35M in Other Fermented Beverages, making it the 31st largest exporter of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 348th most exported product in Latvia. The main destination of Other Fermented Beverages exports from Latvia are: Estonia ($1.14M), Russia ($836k), Belarus ($731k), Lithuania ($685k), and Sweden ($504k).

The fastest growing export markets for Other Fermented Beverages of Latvia between 2022 and 2023 were Belarus ($731k), Sweden ($413k), and Czechia ($140k).

Imports In 2023, Latvia imported $16.1M in Other Fermented Beverages, becoming the 27th largest importer of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 267th most imported product in Latvia. Latvia imports Other Fermented Beverages primarily from: Lithuania ($8.03M), Estonia ($5.38M), Poland ($450k), Sweden ($411k), and Finland ($350k).

The fastest growing import markets in Other Fermented Beverages for Latvia between 2022 and 2023 were Lithuania ($608k), Sweden ($174k), and France ($127k).

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 Other Fermented Beverages. 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)$6.35M
IMPORTS (2023)$16.1M
NET TRADE (2023)-$9.8M

In 2023, Latvia exported $6.35M in Other Fermented Beverages. The main destinations of Latvia exports on Other Fermented Beverages were Estonia ($1.14M), Russia ($836k), Belarus ($731k), Lithuania ($685k), and Sweden ($504k).

In 2023, Latvia imported $16.1M in Other Fermented Beverages, mainly from Lithuania ($8.03M), Estonia ($5.38M), Poland ($450k), Sweden ($411k), and Finland ($350k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Fermented Beverages EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Belarus$731k (1%)
Sweden$413k (456%)
Czechia$140k (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Fermented Beverages BY Latvia WERE (2022 - 2023):
Lithuania-$1.49M (-68.5%)
United Kingdom-$203k (-68.7%)
Israel-$193k (-48.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Other Fermented Beverages were:
In 2023, Latvia's main importing competitors in Other Fermented Beverages were:

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Trade Value of Other Fermented Beverages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $292k
TOP IMPORT POTENTIALItaly+ $136k

Other Fermented Beverages’s highest export potential is Russia. With an export gap of $292k.   Other Fermented Beverages’s highest import potential is Italy with an import gap of $136k.

See methodology.

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