2023
Exports
$2.85MWorld Rnk 66 / 190
Flag Rnk 482 / 1196
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$13MWorld Rnk 85 / 220
Flag Rnk 310 / 1206

About

Exports In 2023, Latvia exported $2.85M in Special Pharmaceuticals, making it the 66th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 482nd most exported product in Latvia. The main destination of Special Pharmaceuticals exports from Latvia are: Lithuania ($690k), Georgia ($446k), Poland ($368k), Uzbekistan ($353k), and Russia ($284k).

The fastest growing export markets for Special Pharmaceuticals of Latvia between 2022 and 2023 were Georgia ($408k), Poland ($367k), and Lithuania ($194k).

Imports In 2023, Latvia imported $13M in Special Pharmaceuticals, becoming the 85th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 310th most imported product in Latvia. Latvia imports Special Pharmaceuticals primarily from: Germany ($3.63M), Belgium ($2.28M), Slovenia ($1.63M), Lithuania ($956k), and Poland ($929k).

The fastest growing import markets in Special Pharmaceuticals for Latvia between 2022 and 2023 were Germany ($1.64M), Slovenia ($1.47M), and Poland ($663k).

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 Special Pharmaceuticals. 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)$2.85M
IMPORTS (2023)$13M
NET TRADE (2023)-$10.1M

In 2023, Latvia exported $2.85M in Special Pharmaceuticals. The main destinations of Latvia exports on Special Pharmaceuticals were Lithuania ($690k), Georgia ($446k), Poland ($368k), Uzbekistan ($353k), and Russia ($284k).

In 2023, Latvia imported $13M in Special Pharmaceuticals, mainly from Germany ($3.63M), Belgium ($2.28M), Slovenia ($1.63M), Lithuania ($956k), and Poland ($929k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Georgia$408k (1.06k%)
Poland$367k (50.3k%)
Lithuania$194k (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Latvia WERE (2022 - 2023):
United States-$137k (-90%)
Tajikistan-$111k (-100%)
Kyrgyzstan-$85k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Special Pharmaceuticals were:
In 2023, Latvia's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $727k
TOP IMPORT POTENTIALGermany+ $996k

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $727k.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $996k.

See methodology.

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