The chemical and pharmaceutical sector places 3rd position according to turnover among manufacturing industries (9,2 % in 2022), 5th place among other industries by number of employees (7.4 % in 2022), and 5th place by share of export in sector sales (75.6 % in 2022). According to the Central Statistical Bureau data, the sector included approximately 521 companies in 2022.
Published: 26.01.2022.
Foreign trade
In 2022, chemicals and chemical products took up 52%, plastic and rubber - 27%, and pharmaceutical products – 22%, and of the industry’s export. Currently, the country produces and exports a diverse array of pharmaceuticals and chemical goods, from unique anti-influenza medicine to petrochemicals, household chemicals, and paints.
The core export markets are the Netherlands and the Baltic neighbours – Lithuania and Estonia.
Additional information
Central Statistical Bureau of Latvia: www.csb.gov.lv
The Association of Latvian Chemical and Pharmaceutical Industry: www.lakifa.lv
Latvian Biotechnology association: en.latbiotech.lv
Life Science Cluster of Latvia: www.lifescience.lv