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Exports In 2022, Latvia exported $2.97M in Spices, making it the 70th largest exporter of Spices in the world. At the same year, Spices was the 474th most exported product in Latvia. The main destination of Spices exports from Latvia are: Poland ($601k), Estonia ($532k), Lithuania ($479k), Romania ($462k), and Russia ($269k).

The fastest growing export markets for Spices of Latvia between 2021 and 2022 were Bulgaria ($72.6k), Kazakhstan ($28.8k), and Belarus ($22.4k).

Imports In 2022, Latvia imported $5.96M in Spices, becoming the 69th largest importer of Spices in the world. At the same year, Spices was the 483rd most imported product in Latvia. Latvia imports Spices primarily from: Lithuania ($1.62M), Germany ($815k), Estonia ($687k), India ($656k), and Netherlands ($418k).

The fastest growing import markets in Spices for Latvia between 2021 and 2022 were India ($40.4k), Ukraine ($30.9k), and Egypt ($25.1k).

Latest Trends

Mar 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 Spices. 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)$2.97M
IMPORTS (2022)$5.96M
NET TRADE (2022)-$2.99M

In 2022, Latvia exported $2.97M in Spices. The main destinations of Latvia exports on Spices were Poland ($601k), Estonia ($532k), Lithuania ($479k), Romania ($462k), and Russia ($269k).

In 2022, Latvia imported $5.96M in Spices, mainly from Lithuania ($1.62M), Germany ($815k), Estonia ($687k), India ($656k), and Netherlands ($418k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Bulgaria$72.6k (125%)
Kazakhstan$28.8k (207%)
Belarus$22.4k (36.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Latvia WERE (2021 - 2022):
Germany-$481k (-96.7%)
Lithuania-$301k (-38.6%)
Poland-$238k (-28.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

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