2023
Exports
$9.72MWorld Rnk 50 / 155
Flag Rnk 277 / 1196
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.29Rnk 898 / 1025
2023
Imports
$9.52MWorld Rnk 78 / 217
Flag Rnk 378 / 1206

About

Exports In 2023, Latvia exported $9.72M in Other Vegetable Oils, making it the 50th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 277th most exported product in Latvia. The main destination of Other Vegetable Oils exports from Latvia are: Lithuania ($9.31M), Estonia ($243k), Russia ($88.2k), Uzbekistan ($47.5k), and Netherlands ($26k).

The fastest growing export markets for Other Vegetable Oils of Latvia between 2022 and 2023 were Uzbekistan ($47.5k), Kazakhstan ($746), and Sweden ($244).

Imports In 2023, Latvia imported $9.52M in Other Vegetable Oils, becoming the 78th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 378th most imported product in Latvia. Latvia imports Other Vegetable Oils primarily from: Sweden ($4.59M), Lithuania ($1.51M), Germany ($1.44M), Netherlands ($1.03M), and Indonesia ($419k).

The fastest growing import markets in Other Vegetable Oils for Latvia between 2022 and 2023 were Netherlands ($812k), Germany ($245k), and Sweden ($210k).

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 Vegetable Oils. 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)$9.72M
IMPORTS (2023)$9.52M
NET TRADE (2023)$200k

In 2023, Latvia exported $9.72M in Other Vegetable Oils. The main destinations of Latvia exports on Other Vegetable Oils were Lithuania ($9.31M), Estonia ($243k), Russia ($88.2k), Uzbekistan ($47.5k), and Netherlands ($26k).

In 2023, Latvia imported $9.52M in Other Vegetable Oils, mainly from Sweden ($4.59M), Lithuania ($1.51M), Germany ($1.44M), Netherlands ($1.03M), and Indonesia ($419k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Uzbekistan$47.5k (1%)
Kazakhstan$746 (1%)
Sweden$244 (18.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Latvia WERE (2022 - 2023):
Lithuania-$2.5M (-21.2%)
Italy-$129k (-100%)
Russia-$94.7k (-51.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $226k
TOP IMPORT POTENTIALIndonesia+ $759k

Other Vegetable Oils’s highest export potential is Russia. With an export gap of $226k.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $759k.

See methodology.

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