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Exports In 2022, Latvia exported $31.6M in Rye, making it the 5th largest exporter of Rye in the world. At the same year, Rye was the 124th most exported product in Latvia. The main destination of Rye exports from Latvia are: Spain ($11.7M), Luxembourg ($6.72M), Germany ($6.54M), Estonia ($2.87M), and Denmark ($1.86M).

The fastest growing export markets for Rye of Latvia between 2021 and 2022 were Luxembourg ($6.72M), Denmark ($1.35M), and Estonia ($1.31M).

Imports In 2022, Latvia imported $10.5M in Rye, becoming the 7th largest importer of Rye in the world. At the same year, Rye was the 357th most imported product in Latvia. Latvia imports Rye primarily from: Russia ($6.18M), Lithuania ($2.52M), Germany ($953k), Denmark ($501k), and Poland ($200k).

The fastest growing import markets in Rye for Latvia between 2021 and 2022 were Russia ($1.33M), Lithuania ($330k), and Germany ($231k).

Latest Trends

Sep 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 Rye. 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)$31.6M
IMPORTS (2022)$10.5M
NET TRADE (2022)$21.1M

In 2022, Latvia exported $31.6M in Rye. The main destinations of Latvia exports on Rye were Spain ($11.7M), Luxembourg ($6.72M), Germany ($6.54M), Estonia ($2.87M), and Denmark ($1.86M).

In 2022, Latvia imported $10.5M in Rye, mainly from Russia ($6.18M), Lithuania ($2.52M), Germany ($953k), Denmark ($501k), and Poland ($200k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rye EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Luxembourg$6.72M (1%)
Denmark$1.35M (265%)
Estonia$1.31M (83.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rye BY Latvia WERE (2021 - 2022):
Spain-$5.24M (-31%)
Sweden-$764k (-100%)
Germany-$180k (-2.68%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Rye by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $41.4k
TOP IMPORT POTENTIALPoland+ $148k

Rye’s highest export potential is United Kingdom. With an export gap of $41.4k.   Rye’s highest import potential is Poland with an import gap of $148k.

See methodology.

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