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.

Turnover by Subsector, %

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.

Export Dynamics

The core export markets are the Netherlands and the Baltic neighbours – Lithuania and Estonia.

Main Export Countries, %

Latvian companies in industry 
Database of Latvian exporters

Additional information

Central Statistical Bureau of Latvia:
The Association of Latvian Chemical and Pharmaceutical Industry:
Latvian Biotechnology association:
Life Science Cluster of Latvia: