2023
Exports
$4.92MWorld Rnk 57 / 168
Flag Rnk 396 / 1196
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.55Rnk 344 / 1025
2023
Imports
$9.98MWorld Rnk 79 / 220
Flag Rnk 366 / 1206

About

Exports In 2023, Latvia exported $4.92M in Unpackaged Medicaments, making it the 57th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 396th most exported product in Latvia. The main destination of Unpackaged Medicaments exports from Latvia are: Georgia ($1.21M), Denmark ($789k), Netherlands ($750k), Bulgaria ($468k), and Slovakia ($405k).

The fastest growing export markets for Unpackaged Medicaments of Latvia between 2022 and 2023 were Slovakia ($405k), Czechia ($349k), and Georgia ($332k).

Imports In 2023, Latvia imported $9.98M in Unpackaged Medicaments, becoming the 79th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 366th most imported product in Latvia. Latvia imports Unpackaged Medicaments primarily from: Romania ($3.08M), Poland ($1.76M), France ($692k), India ($656k), and Germany ($606k).

The fastest growing import markets in Unpackaged Medicaments for Latvia between 2022 and 2023 were Romania ($1.92M), Poland ($1.72M), and Belgium ($498k).

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 Unpackaged Medicaments. 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)$4.92M
IMPORTS (2023)$9.98M
NET TRADE (2023)-$5.07M

In 2023, Latvia exported $4.92M in Unpackaged Medicaments. The main destinations of Latvia exports on Unpackaged Medicaments were Georgia ($1.21M), Denmark ($789k), Netherlands ($750k), Bulgaria ($468k), and Slovakia ($405k).

In 2023, Latvia imported $9.98M in Unpackaged Medicaments, mainly from Romania ($3.08M), Poland ($1.76M), France ($692k), India ($656k), and Germany ($606k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Latvia WERE (2022 - 2023):
Slovakia$405k (1%)
Czechia$349k (1%)
Georgia$332k (38%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Latvia WERE (2022 - 2023):
Netherlands-$2.67M (-78%)
Greece-$891k (-99.8%)
Denmark-$862k (-52.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Latvia's main exporting competitors in Unpackaged Medicaments were:
In 2023, Latvia's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $214k
TOP IMPORT POTENTIALIndia+ $392k

Unpackaged Medicaments’s highest export potential is United Kingdom. With an export gap of $214k.   Unpackaged Medicaments’s highest import potential is India with an import gap of $392k.

See methodology.

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