2023
Exports
$31.8MWorld Rnk 49 / 170
Flag Rnk 125 / 1196
2023
PRODUCT COMPLEXITY IN Other Prepared Meat
0.007Rnk 556 / 1025
2023
Imports
$58.5MWorld Rnk 40 / 226
Flag Rnk 99 / 1206

About

Exports In 2023, Latvia exported $31.8M in Other Prepared Meat, making it the 49th largest exporter of Other Prepared Meat in the world. At the same year, Other Prepared Meat was the 125th most exported product in Latvia. The main destination of Other Prepared Meat exports from Latvia are: Lithuania ($13.2M), Sweden ($8.48M), Estonia ($5.72M), Germany ($1.55M), and Finland ($1.13M).

The fastest growing export markets for Other Prepared Meat of Latvia between 2022 and 2023 were Lithuania ($2.62M), Estonia ($626k), and Sweden ($255k).

Imports In 2023, Latvia imported $58.5M in Other Prepared Meat, becoming the 40th largest importer of Other Prepared Meat in the world. At the same year, Other Prepared Meat was the 99th most imported product in Latvia. Latvia imports Other Prepared Meat primarily from: Poland ($15.3M), Estonia ($15.1M), Lithuania ($9.35M), Germany ($5.69M), and Hungary ($5.26M).

The fastest growing import markets in Other Prepared Meat for Latvia between 2022 and 2023 were Poland ($2.62M), Lithuania ($1.89M), and Estonia ($1.03M).

Latest Trends

Dec 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 Other Prepared Meat. 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)$31.8M
IMPORTS (2023)$58.5M
NET TRADE (2023)-$26.7M

In 2023, Latvia exported $31.8M in Other Prepared Meat. The main destinations of Latvia exports on Other Prepared Meat were Lithuania ($13.2M), Sweden ($8.48M), Estonia ($5.72M), Germany ($1.55M), and Finland ($1.13M).

In 2023, Latvia imported $58.5M in Other Prepared Meat, mainly from Poland ($15.3M), Estonia ($15.1M), Lithuania ($9.35M), Germany ($5.69M), and Hungary ($5.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Prepared Meat EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Lithuania$2.62M (24.9%)
Estonia$626k (12.3%)
Sweden$255k (3.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Prepared Meat BY Latvia WERE (2022 - 2023):
Germany-$825k (-34.7%)
Cyprus-$716k (-85.3%)
Finland-$395k (-25.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Other Prepared Meat were:
Germany $1.83B
China $1.69B
In 2023, Latvia's main importing competitors in Other Prepared Meat were:

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Trade Value of Other Prepared Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.71M
TOP IMPORT POTENTIALGermany+ $995k

Other Prepared Meat’s highest export potential is Germany. With an export gap of $1.71M.   Other Prepared Meat’s highest import potential is Germany with an import gap of $995k.

See methodology.

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