Sector footprint
$329.0M in exports
Reported chemicals exports in 2024 across 33 qualifying HS6 products.
Sector export playbook ยท HS 28-38
Latvia Chemicals exports
where capability meets demand
Explore Latvia's HS 28-38 product portfolio, buyer markets, growth signals, and diversification opportunities. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.
Sector exports$329.0M2024 reported value
Products33Qualifying HS6 products
Buyer markets27Markets represented
Average CAGR+33.8%Product-level growth signal
Global sector size$723.4BReported buyer imports
Chemicals capability
How strong is Latvia in this sector?
Compare exporter scale with product breadth, buyer demand, growth, and destination reach. A large sector does not remove the need for product, compliance, pricing, and buyer validation.
Global demand
$723.4B buyer imports
The sector's reported buyer import base provides context for product and market prioritization.
How to use the guide
Find the next credible move
Start with products that combine demand and exporter capability, then validate standards, route economics, buyers, and competition.
Product portfolio
Which products anchor the sector?
Each HS6 product is ranked by calculated opportunity and shown with reported market size, exporter exports, growth, and destination reach.
| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
|---|---|---|---|---|---|---|
| HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $310.3B | $183.8M | $116.4B | +23.3% | 22 | +0.1% |
| 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 | $151.5B | $7.2M | $62.3B | +21.9% | 14 | +0.0% |
| HS 293719Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts | $31.3B | $206.7K | $50.5B | -1.3% | 6 | +0.0% |
| HS 293359Heterocyclic compounds: containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure, (other than malonylurea (barbituric acid) and its derivatives),and loprazolam, mecloqualone, methaqualone, zipeprol and salts thereof | $19.4B | $103.6K | $23.0B | +9.4% | 3 | +0.0% |
| HS 382499Chemical products, mixtures and preparations: n.e.c. heading 3824 | $24.8B | $828.4K | $18.3B | +25.9% | 9 | +0.0% |
| HS 293399Heterocyclic compounds: n.e.c. in headings no. 2933 | $16.3B | $29.2K | $16.8B | -0.8% | 3 | +0.0% |
| HS 300220Vaccines: for human medicine | $11.9B | $189.6K | $12.0B | +4.1% | 3 | +0.0% |
| HS 300212Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions | $20.9B | $1.1M | $11.6B | +57.1% | 5 | +0.0% |
| HS 300439Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale | $13.7B | $2.3M | $10.4B | +18.1% | 6 | +0.0% |
| HS 293499Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 | $13.4B | $434.3K | $8.5B | +29.8% | 3 | +0.0% |
| HS 330499Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) | $18.2B | $3.1M | $8.0B | +25.7% | 4 | +0.0% |
| HS 300214Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale | $8.9B | $18.3 | $7.2B | -21.4% | 3 | +0.0% |
| HS 330210Odoriferous substances and mixtures: of a kind used in the food or drink industries | $5.5B | $2.5K | $7.1B | +17.6% | 2 | +0.0% |
| HS 300339Medicaments: containing hormones (excluding insulin), (but not containing antibiotics), for therapeutic or prophylactic uses, not packaged for retail sale | $3.4B | $33.6 | $6.7B | +59.9% | 1 | +0.0% |
| HS 310420Fertilizers, mineral or chemical: potassic, potassium chloride | $10.1B | $6.0M | $6.4B | -7.6% | 3 | +0.1% |
| 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 | $15.1B | $16.7M | $6.3B | +34.3% | 3 | +0.1% |
| HS 293590Sulphonamides: n.e.c. in heading no. 2935 | $4.7B | $44.0K | $6.1B | +25.8% | 3 | +0.0% |
| HS 382600Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | $8.0B | $102.8M | $6.0B | +45.6% | 2 | +1.1% |
| HS 293379Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $6.1B | $400.0K | $5.9B | -1.1% | 2 | +0.0% |
| HS 293319Heterocyclic compounds: with nitrogen hetero-atom(s) only, containing an unfused pyrazole ring (whether or not hydrogenated) in the structure, other than henazone (antipyrin) and its derivatives | $2.6B | $265.6 | $5.1B | +26.7% | 1 | +0.0% |
| HS 330300Perfumes and toilet waters | $6.6B | $3.4M | $4.1B | +18.3% | 2 | +0.1% |
| HS 381512Catalysts, supported: reaction initiators, reaction accelerators and catalytic preparations, with precious metal or precious metal compounds as the active substance, n.e.c. or included | $4.5B | $2.8K | $3.8B | -19.1% | 2 | +0.0% |
| HS 284190Salts of oxometallic or peroxometallic acids: n.e.c. in heading no. 2841 | $1.3B | $5.0 | $2.6B | -7.5% | 1 | +0.0% |
| HS 290919Ethers: acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether | $1.5B | $3.8K | $2.1B | -24.7% | 1 | +0.0% |
| HS 293299Heterocyclic compounds: with oxygen hetero-atom(s) only, no lactones or unfused furan rings (hydrogenated or not) in the structure, other than isosafrole, 1-(1,3-benzodiaxol-5-yl) propan-2-one, piperonal, safrole, tetrahydrocannabinols (all isomers) | $2.4B | $176.5K | $2.0B | +7.5% | 1 | +0.0% |
| HS 284390Inorganic or organic compounds: of precious metals (excluding gold and silver), whether or not chemically defined, amalgams of precious metals | $892.9M | $53.3K | $1.7B | +1933.1% | 1 | +0.0% |
| HS 300670Pharmaceutical goods: Gel preparations designed to be used in human or veterinary medicine as a lubricant for parts of the body for surgical operations or physical examinations or as a coupling agent between the body and medical instruments | $1.2B | $24.1 | $1.4B | +2.1% | 1 | +0.0% |
| HS 340220Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale | $1.2B | $4.9K | $1.4B | -7.5% | 1 | +0.0% |
| HS 293339Heterocyclic compounds: containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts | $648.2M | $887.8 | $1.2B | +4.4% | 1 | +0.0% |
| HS 281820Aluminium oxide: other than artificial corundum | $2.3B | $29.2 | $1.1B | -4.6% | 1 | +0.0% |
| HS 284410Uranium: natural uranium and its compounds, alloys, dispersions (including cermets), ceramic products and mixtures containing natural uranium or natural uranium compounds | $1.2B | $23.7 | $1.1B | -49.1% | 1 | +0.0% |
| HS 290250Cyclic hydrocarbons: styrene | $768.8M | $29.7K | $1.1B | -0.3% | 1 | +0.0% |
| HS 300290Toxins, cultures of micro-organisms (excluding yeasts) and similar products | $2.7B | $3.4K | $1.0B | -6.6% | 1 | +0.0% |
Best markets
Where does sector demand concentrate?
Markets are ranked by calculated opportunity across the qualifying products in this sector view.
USA
USA, Puerto Rico and US Virgin Islands
14 products represented in the sector.
$110.2B$214.1B reported buyer importsSVN
Slovenia
7 products represented in the sector.
$44.0B$30.6B reported buyer importsDEU
Germany
11 products represented in the sector.
$37.0B$77.9B reported buyer importsCHE
Switzerland, Liechtenstein
4 products represented in the sector.
$36.6B$57.2B reported buyer importsBEL
Belgium
7 products represented in the sector.
$31.7B$41.2B reported buyer importsITA
Italy
5 products represented in the sector.
$25.1B$39.3B reported buyer importsNLD
Netherlands
6 products represented in the sector.
$20.5B$35.7B reported buyer importsCHN
China
7 products represented in the sector.
$19.7B$42.3B reported buyer importsGBR
United Kingdom
6 products represented in the sector.
$12.3B$27.6B reported buyer importsESP
Spain
6 products represented in the sector.
$11.6B$21.0B reported buyer importsCAN
Canada
5 products represented in the sector.
$9.0B$15.9B reported buyer importsMEX
Mexico
5 products represented in the sector.
$8.2B$9.5B reported buyer importsGrowth stars
Which products show the strongest growth?
Average product-level CAGR is a screening signal. Confirm the latest trend, base effects, buyer quality, and commercial feasibility before acting.
| Product | Average CAGR | Opportunity | Markets |
|---|---|---|---|
| HS 284390Inorganic or organic compounds: of precious metals (excluding gold and silver), whether or not chemically defined, amalgams of precious metals | +1933.1% | $1.7B | 1 |
| HS 300339Medicaments: containing hormones (excluding insulin), (but not containing antibiotics), for therapeutic or prophylactic uses, not packaged for retail sale | +59.9% | $6.7B | 1 |
| HS 300212Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions | +57.1% | $11.6B | 5 |
| HS 382600Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | +45.6% | $6.0B | 2 |
| 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 | +34.3% | $6.3B | 3 |
| HS 293499Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 | +29.8% | $8.5B | 3 |
| HS 293319Heterocyclic compounds: with nitrogen hetero-atom(s) only, containing an unfused pyrazole ring (whether or not hydrogenated) in the structure, other than henazone (antipyrin) and its derivatives | +26.7% | $5.1B | 1 |
| HS 382499Chemical products, mixtures and preparations: n.e.c. heading 3824 | +25.9% | $18.3B | 9 |
| HS 293590Sulphonamides: n.e.c. in heading no. 2935 | +25.8% | $6.1B | 3 |
| HS 330499Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) | +25.7% | $8.0B | 4 |
Diversification opportunities
Which products reach the widest buyer base?
Destination count is a simple breadth indicator. It does not measure destination concentration or guarantee resilience.
HS 300490
Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
22 markets$116.4B calculated opportunityHS 300215
Blood, 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
14 markets$62.3B calculated opportunityHS 382499
Chemical products, mixtures and preparations: n.e.c. heading 3824
9 markets$18.3B calculated opportunityHS 293719
Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts
6 markets$50.5B calculated opportunityHS 300439
Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale
6 markets$10.4B calculated opportunityHS 300212
Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions
5 markets$11.6B calculated opportunityHS 330499
Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)
4 markets$8.0B calculated opportunityHS 293359
Heterocyclic compounds: containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure, (other than malonylurea (barbituric acid) and its derivatives),and loprazolam, mecloqualone, methaqualone, zipeprol and salts thereof
3 markets$23.0B calculated opportunityFrequently asked questions
Using the Chemicals export playbook
Practical guidance for interpreting sector scale, growth, product breadth, and buyer markets.
How strong is Latvia in this sector?
Compare sector exports, product breadth, buyer markets, growth, and global demand. These signals identify research priorities rather than guarantee market access.
What are growth stars?
Products with higher average reported growth in the screened rows. Validate the time period, base effects, buyer demand, and current exporter position.
What does diversification mean here?
Products reaching more buyer markets in the screened data. Destination breadth is useful context but does not replace concentration, route, or buyer analysis.
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.