Largest market shown
Not reported
$1.1B of latest reported imports and $655.3M of calculated three-year opportunity.
Importer opportunity guide
Latvia import opportunities
where to source next
Explore Latvia's import market by product, supplier concentration, demand growth, and sourcing gaps. Use reported market size and calculated indicators to decide where deeper supplier research may be useful.
Latest imports$23.9B2024 reported value
Import CAGR-0.6%Three-year reported change
GDP$43.7BLatest reported value
GDP per capita$23.4KLatest reported value
Trade openness110.9%Reported share of GDP
Latvia import opportunities
What makes this an attractive import market?
Compare market size and growth with supplier concentration. A large market may still need product, quality, tariff, logistics, and buyer validation.
Current import base
$23.9B in imports
Latvia recorded $23.9B in imports in 2024, with a three-year change of -0.6%.
How to use the guide
Compare demand with supply
Start with the highest-value products, then review supplier concentration and market conditions before choosing a sourcing route.
Import market overview
Find products where demand and sourcing options meet
This page separates reported import observations from calculated indicators so market size is not mistaken for a guaranteed sourcing opportunity.
Latvia imports products from suppliers across major trade regions. The current profile reports $23.9B of imports in 2024, while the opportunity view highlights product and supplier combinations where market demand and supply context may justify further research.
Use the opportunity table to compare product market size, demand growth, supplier counts, concentration, and projected imports. High concentration can indicate reliance on a small supplier base; it can also reflect specialized products that require careful validation.
Top import opportunities
Products and supplier context to review
The top 50 screened products are ranked by calculated three-year opportunity. Reported market values and calculated indicators are labeled separately.
| Rank | Product | Market size | Demand growth | Suppliers | Concentration | Top supplier | Projected imports |
|---|---|---|---|---|---|---|---|
| 1 | HS 271019Product description unavailable | $1.1BLatest imports | +4.3% | 52 | 3202 | LTUDeclining | $1.2B |
| 2 | HS 271600Electrical energy | $658.5MLatest imports | +9.2% | 6 | 5168 | ESTDeclining | $856.9M |
| 3 | HS 271121Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $474.7MLatest imports | +6.3% | 5 | 4789 | LTUGrowing | $569.8M |
| 4 | HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $708.3MLatest imports | +12.1% | 59 | 1178 | LTUDeclining | $996.8M |
| 5 | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $150.9MLatest imports | +32.9% | 52 | 6499 | USADeclining | $294.7M |
| 6 | HS 851712Telephones for cellular networks or for other wireless networks | $407.8MLatest imports | +13.7% | 53 | 2735 | LTUDeclining | $599.0M |
| 7 | HS 880240Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $113.3MLatest imports | +22.6% | 8 | 9935 | CANDeclining | $208.7M |
| 8 | HS 271012Product description unavailable | $427.0MLatest imports | +4.0% | 26 | 2746 | FINAccelerating | $479.9M |
| 9 | HS 281820Aluminium oxide: other than artificial corundum | $91.5MLatest imports | +25.7% | 16 | 7934 | JAMDeclining | $178.6M |
| 10 | HS 999999Commodities not specified according to kind | $80.8MLatest imports | +23.5% | 2 | 10000 | ARGGrowing | $152.3M |
| 11 | HS 271119Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 | $116.6MLatest imports | +12.7% | 15 | 8077 | RUSDeclining | $166.8M |
| 12 | HS 870332Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500cc | $199.4MLatest imports | +14.4% | 32 | 2823 | DEUDeclining | $298.7M |
| 13 | HS 100199Cereals: wheat and meslin, other than durum wheat, other than seed | $106.7MLatest imports | +12.5% | 16 | 8074 | LTUDeclining | $151.8M |
| 14 | HS 870322Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc | $176.1MLatest imports | +7.9% | 30 | 3687 | DEUDeclining | $221.3M |
| 15 | HS 260200Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight | $64.7MLatest imports | +48.5% | 9 | 8409 | ZAFDeclining | $126.4M |
| 16 | HS 151190Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified | $59.1MLatest imports | +23.8% | 10 | 8985 | IDNDeclining | $112.3M |
| 17 | HS 440711Wood: coniferous species, of pine (Pinus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm | $128.8MLatest imports | +19.7% | 21 | 2951 | BLRDeclining | $220.9M |
| 18 | HS 870340Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power | $89.1MLatest imports | +39.8% | 22 | 3638 | ESTStable | $174.0M |
| 19 | HS 382600Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | $87.6MLatest imports | +57.0% | 9 | 4266 | LTUDeclining | $171.1M |
| 20 | HS 400122Rubber: technically specified natural rubber (TSNR), in primary forms or in plates, sheets or strip (excluding latex and smoked sheets) | $62.0MLatest imports | +19.1% | 16 | 8204 | CIVGrowing | $104.6M |
| 21 | HS 852872Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen | $192.5MLatest imports | +17.9% | 35 | 2181 | POLDeclining | $315.7M |
| 22 | HS 870333Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 2500cc | $74.4MLatest imports | +17.4% | 27 | 6038 | DEUDeclining | $120.3M |
| 23 | HS 220410Wine: sparkling | $95.6MLatest imports | +14.2% | 41 | 4245 | ITAGrowing | $142.5M |
| 24 | HS 870323Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $183.7MLatest imports | +5.9% | 36 | 2840 | ESTDeclining | $218.0M |
| 25 | HS 220830Whiskies | $191.0MLatest imports | +18.1% | 51 | 1543 | GBRGrowing | $314.6M |
| 26 | HS 230400Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | $94.4MLatest imports | +16.9% | 19 | 3967 | ARGDeclining | $151.0M |
| 27 | HS 230630Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of sunflower seed oils | $59.2MLatest imports | +24.8% | 14 | 5726 | RUSSlowing | $115.0M |
| 28 | HS 040120Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content exceeding 1% but not exceeding 6% (by weight) | $74.0MLatest imports | +15.2% | 13 | 5823 | ESTDeclining | $113.2M |
| 29 | HS 870380Vehicles: with only electric motor for propulsion | $76.1MLatest imports | +32.3% | 25 | 3213 | DEUGrowing | $148.7M |
| 30 | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $186.5MLatest imports | +12.3% | 76 | 1649 | VNMDeclining | $264.2M |
| 31 | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $152.1MLatest imports | +12.8% | 49 | 1797 | LTUAccelerating | $218.6M |
| 32 | HS 020713Meat and edible offal: of the poultry of heading no. 0105, of fowls of the species gallus domesticus, cuts and offal, fresh or chilled | $60.9MLatest imports | +29.2% | 19 | 4771 | POLDeclining | $119.0M |
| 33 | HS 740319Copper: refined, unwrought, n.e.c. in item no. 7403.1 | $44.8MLatest imports | +18.4% | 4 | 9998 | KAZStable | $74.4M |
| 34 | HS 871000Tanks and other armoured fighting vehicles: motorised, whether or not fitted with weapons, and parts of such vehicles | $48.7MLatest imports | +58.1% | 46 | 6130 | FINGrowing | $95.1M |
| 35 | HS 382200Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material | $75.8MLatest imports | +18.9% | 54 | 3462 | UKRDeclining | $127.6M |
| 36 | HS 870360Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power | $72.4MLatest imports | +28.4% | 23 | 2792 | DEUDeclining | $141.3M |
| 37 | HS 190590Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products | $103.7MLatest imports | +14.1% | 51 | 2469 | LTUDeclining | $154.0M |
| 38 | HS 120510Oil seeds: low erucic acid rape or colza seeds, whether or not broken | $59.5MLatest imports | +22.3% | 15 | 4005 | LTUGrowing | $108.7M |
| 39 | HS 290122Acyclic hydrocarbons: unsaturated, propene (propylene) | $30.7MLatest imports | +43.4% | 10 | 9921 | LTUDeclining | $60.0M |
| 40 | HS 860799Railway or tramway rolling stock: parts n.e.c. in heading no. 8607 | $40.3MLatest imports | +13.1% | 19 | 9437 | CZEDeclining | $58.4M |
| 41 | HS 271320Petroleum bitumen: obtained from bituminous minerals | $45.7MLatest imports | +10.6% | 10 | 8445 | LTUDeclining | $61.8M |
| 42 | HS 721420Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling | $50.1MLatest imports | +21.1% | 20 | 4233 | LTUDeclining | $88.9M |
| 43 | HS 030214Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | $73.3MLatest imports | +26.9% | 15 | 2806 | DNKDeclining | $143.2M |
| 44 | HS 300215Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $97.4MLatest imports | +9.4% | 28 | 2746 | CHEDeclining | $127.5M |
| 45 | HS 382499Chemical products, mixtures and preparations: n.e.c. heading 3824 | $61.6MLatest imports | +33.2% | 53 | 2235 | CHNDeclining | $120.3M |
| 46 | HS 270799Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707 | $32.4MLatest imports | +27.6% | 9 | 7221 | DEUDeclining | $63.2M |
| 47 | HS 880220Aeroplanes and other aircraft: of an unladen weight not exceeding 2000kg | $28.0MLatest imports | +40.1% | 5 | 9445 | USADeclining | $54.6M |
| 48 | HS 230910Dog or cat food: put up for retail sale, used in animal feeding | $101.9MLatest imports | +14.6% | 34 | 1957 | POLDeclining | $153.4M |
| 49 | HS 090121Coffee: roasted, not decaffeinated | $78.6MLatest imports | +9.4% | 32 | 2950 | LTUDeclining | $102.8M |
| 50 | HS 730890Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $92.6MLatest imports | +8.6% | 38 | 2009 | POLDeclining | $118.8M |
Showing the five highest-ranked products on mobile. View the complete import opportunity data.
Product sectors
Which sectors carry the most demand?
HS2 sectors group the screened products into broader families for an easier first comparison.
| Sector | Products | Market size | Opportunity | Average growth |
|---|---|---|---|---|
| Mineral fuelsHS2 27 | 5 | $1.3B | $1.2B | +13.3% |
| HS2 sector 00HS2 00 | 2 | $1.5B | $840.8M | +4.1% |
| VehiclesHS2 87 | 8 | $919.8M | $763.6M | +25.5% |
| AircraftHS2 88 | 3 | $292.1M | $495.2M | +31.9% |
| Electrical equipmentHS2 85 | 3 | $786.8M | $400.4M | +14.6% |
| Pharmaceutical productsHS2 30 | 2 | $805.7M | $335.9M | +10.7% |
| Chemical productsHS2 38 | 3 | $225.1M | $223.7M | +36.4% |
| Food industry residuesHS2 23 | 3 | $255.5M | $222.9M | +18.8% |
| BeveragesHS2 22 | 2 | $286.6M | $177.5M | +16.2% |
| Inorganic chemicalsHS2 28 | 1 | $91.5M | $157.8M | +25.7% |
| HS2 sector 99HS2 99 | 1 | $80.8M | $152.2M | +23.5% |
| CerealsHS2 10 | 1 | $106.7M | $136.1M | +12.5% |
Supply gaps
Where supplier concentration deserves attention
The concentration index helps identify products where reported imports rely more heavily on a smaller supplier base. It is a screening signal, not a recommendation by itself.
| Product | Market size | Suppliers | Concentration | Top supplier | Share gap |
|---|---|---|---|---|---|
| HS 999999Commodities not specified according to kind | $80.8M | 2 | 10000 | ARG | 100.0% |
| HS 740319Copper: refined, unwrought, n.e.c. in item no. 7403.1 | $44.8M | 4 | 9998 | KAZ | 100.0% |
| HS 880240Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $113.3M | 8 | 9935 | CAN | 99.7% |
| HS 290122Acyclic hydrocarbons: unsaturated, propene (propylene) | $30.7M | 10 | 9921 | LTU | 99.6% |
| HS 880220Aeroplanes and other aircraft: of an unladen weight not exceeding 2000kg | $28.0M | 5 | 9445 | USA | 97.2% |
| HS 860799Railway or tramway rolling stock: parts n.e.c. in heading no. 8607 | $40.3M | 19 | 9437 | CZE | 97.1% |
| HS 151190Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified | $59.1M | 10 | 8985 | IDN | 94.8% |
| HS 271320Petroleum bitumen: obtained from bituminous minerals | $45.7M | 10 | 8445 | LTU | 91.7% |
Supplier landscape
Which supplier markets appear most often?
These supplier names come from the leading peer signal in the screened opportunity rows and should be validated at product level.
LTU
Lithuania
13 screened products
$2.2BCalculated opportunity across these rowsEST
Estonia
4 screened products
$831.5MCalculated opportunity across these rowsDEU
Germany
6 screened products
$554.4MCalculated opportunity across these rowsUSA
USA, Puerto Rico and US Virgin Islands
2 screened products
$287.2MCalculated opportunity across these rowsPOL
Poland
4 screened products
$269.2MCalculated opportunity across these rowsFIN
Finland
2 screened products
$259.7MCalculated opportunity across these rowsARG
Argentina
2 screened products
$240.4MCalculated opportunity across these rowsRUS
Russia
2 screened products
$234.1MCalculated opportunity across these rowsFrequently asked questions
Using the Latvia import opportunity index
Definitions and practical guidance for interpreting market size, growth, suppliers, and concentration.
What are the import opportunities?
They are product and supplier combinations in Latvia's screened import market with substantial reported demand and calculated opportunity indicators. They are research priorities, not guaranteed savings or supply contracts.
What does supplier concentration mean?
The concentration index indicates how much reported imports rely on a smaller supplier base. A high value can suggest supply dependence, but it can also reflect specialized products or limited reporting.
How should sourcing teams use this page?
Start with products that fit your specification and volume needs, then validate suppliers, tariffs, standards, logistics, pricing, and continuity for Latvia.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.