2022
Exports
$52.3MWorld Rnk 47 / 208
Flag Rnk 77 / 1190
2022
PRODUCT COMPLEXITY IN Vaccines, blood, antisera, toxins and cultures
1.38Rnk 75 / 1025
2022
Imports
$201MWorld Rnk 80 / 225
Flag Rnk 22 / 1203

About

Exports In 2022, Latvia exported $52.3M in Vaccines, blood, antisera, toxins and cultures, making it the 47th largest exporter of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 77th most exported product in Latvia. The main destination of Vaccines, blood, antisera, toxins and cultures exports from Latvia are: Nicaragua ($17.4M), Uzbekistan ($7.27M), Lithuania ($6.9M), Germany ($2.93M), and Ukraine ($2.85M).

The fastest growing export markets for Vaccines, blood, antisera, toxins and cultures of Latvia between 2021 and 2022 were Nicaragua ($17.4M), Uzbekistan ($3.76M), and Russia ($1.64M).

Imports In 2022, Latvia imported $201M in Vaccines, blood, antisera, toxins and cultures, becoming the 80th largest importer of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 22nd most imported product in Latvia. Latvia imports Vaccines, blood, antisera, toxins and cultures primarily from: Germany ($62.4M), Belgium ($48.4M), Switzerland ($35M), Lithuania ($15.7M), and China ($5.78M).

The fastest growing import markets in Vaccines, blood, antisera, toxins and cultures for Latvia between 2021 and 2022 were Germany ($15.5M), Switzerland ($5.78M), and Czechia ($4.82M).

Latest Trends

Oct 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 Vaccines, blood, antisera, toxins and cultures. 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)$52.3M
IMPORTS (2022)$201M
NET TRADE (2022)-$149M

In 2022, Latvia exported $52.3M in Vaccines, blood, antisera, toxins and cultures. The main destinations of Latvia exports on Vaccines, blood, antisera, toxins and cultures were Nicaragua ($17.4M), Uzbekistan ($7.27M), Lithuania ($6.9M), Germany ($2.93M), and Ukraine ($2.85M).

In 2022, Latvia imported $201M in Vaccines, blood, antisera, toxins and cultures, mainly from Germany ($62.4M), Belgium ($48.4M), Switzerland ($35M), Lithuania ($15.7M), and China ($5.78M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vaccines, blood, antisera, toxins and cultures EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Nicaragua$17.4M (1%)
Uzbekistan$3.76M (107%)
Russia$1.64M (717%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vaccines, blood, antisera, toxins and cultures BY Latvia WERE (2021 - 2022):
Germany-$10.7M (-78.4%)
Ukraine-$6.31M (-68.9%)
Lithuania-$1.83M (-21%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Vaccines, blood, antisera, toxins and cultures were:
In 2022, Latvia's main importing competitors in Vaccines, blood, antisera, toxins and cultures were:

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Trade Value of Vaccines, blood, antisera, toxins and cultures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.37M
TOP IMPORT POTENTIALGermany+ $13.1M

Vaccines, blood, antisera, toxins and cultures’s highest export potential is Germany. With an export gap of $6.37M.   Vaccines, blood, antisera, toxins and cultures’s highest import potential is Germany with an import gap of $13.1M.

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