About

Exports In 2023, Latvia exported $2.66M in Rubber, making it the 50th largest exporter of Rubber in the world. At the same year, Rubber was the 492nd most exported product in Latvia. The main destination of Rubber exports from Latvia are: Uzbekistan ($2.53M), Serbia ($115k), United Kingdom ($3.92k), Russia ($3k), and Netherlands ($2.66k).

The fastest growing export markets for Rubber of Latvia between 2022 and 2023 were Uzbekistan ($1.29M), Serbia ($115k), and United Kingdom ($3.92k).

Imports In 2023, Latvia imported $21.3M in Rubber, becoming the 41st largest importer of Rubber in the world. At the same year, Rubber was the 225th most imported product in Latvia. Latvia imports Rubber primarily from: Indonesia ($8.63M), Thailand ($5.64M), Ghana ($3.66M), Malaysia ($2.45M), and Denmark ($449k).

The fastest growing import markets in Rubber for Latvia between 2022 and 2023 were Malaysia ($2.45M), Ghana ($1.97M), and Denmark ($441k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Rubber. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$2.66M
IMPORTS (2023)$21.3M
NET TRADE (2023)-$18.6M

In 2023, Latvia exported $2.66M in Rubber. The main destinations of Latvia exports on Rubber were Uzbekistan ($2.53M), Serbia ($115k), United Kingdom ($3.92k), Russia ($3k), and Netherlands ($2.66k).

In 2023, Latvia imported $21.3M in Rubber, mainly from Indonesia ($8.63M), Thailand ($5.64M), Ghana ($3.66M), Malaysia ($2.45M), and Denmark ($449k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Uzbekistan$1.29M (104%)
Serbia$115k (1%)
United Kingdom$3.92k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Latvia WERE (2022 - 2023):
Czechia-$306k (-100%)
Sweden-$260k (-100%)
India-$40.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Latvia's main exporting competitors in Rubber were:
In 2023, Latvia's main importing competitors in Rubber were:

Explore Visualizations

Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $76.7k
TOP IMPORT POTENTIALVietnam+ $304k

Rubber’s highest export potential is India. With an export gap of $76.7k.   Rubber’s highest import potential is Vietnam with an import gap of $304k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with