Ransom from Latvia
Latvia: wood, pharmaceuticals, organics - European quality in the Baltics
We pay in euros via SEPA. Riga pharmaceuticals, Latvian pine and spruce, Vidzeme organic products - direct deliveries.
from 4%
redemption fee
14–21 d
delivery time in KG
from $200
minimum order
100%
payment guarantee
Business profile
Business profile of Latvia
Timber accounts for 20% of the country's total exports. Latvijas Finieris makes birch plywood for the aviation industry. Grindeks and Olainfarm (Mildronate) are known throughout the CIS. And Riga Balsam is already a brand in itself.
Business profile
Business profile of Latvia
- Capital
- Riga (industrial centers - Riga, Olaine, Daugavpils)
- Currency
- Euro (EUR/€)
- Language
- Latvian
- Time zone
- UTC+2 (in summer UTC+3)
- Customs limit
- up to $200 per individual (EAEU)
- Payment methods
- SEPA EUR, SWIFT EUR, bank transfer
Key facts
Export of timber - 20% of the country's total exports
Grindeks, Olainfarm - Latvian pharmaceutical companies with a global reputation
Riga balsam, organic products - recognizable throughout the CIS
Wooden construction and furniture are traditional exports of Latvia
Marketplaces
Where do they buy from Latvia?
SS.lv, direct manufacturers and Baltic retail chains.
SS.lv
The largest Latvian advertising platform - used equipment, building materials, food, woodworking machines.
- Timber and woodworking equipment
- Used industrial equipment at affordable prices
- Local Latvian producers
Direct manufacturers (pharma, wood)
Grindeks and Olainfarm are large pharmaceutical companies with a direct channel. Latvijas Finieris is the largest birch plywood producer in the world.
- Grindeks - drugs for cardiology and neurology
- Olainfarm - Mildronate and other well-known drugs
- Latvijas Finieris - world class birch plywood
Baltic retail chain
Riga Central Market, Baltic B2B platforms, Latvijas Tirdzniecības kamera - official chamber of commerce.
- Riga Central Market is the largest market in the Baltic States
- Baltic B2B platforms
- Latvijas TK - official chamber of commerce
Why us
Advantages of purchasing through OZTA
Half of Latvian business speaks Russian, SEPA in euros, Grindeks and Olainfarm are already registered in the EAEU.
SEPA to EUR – Latvia in the Eurozone
Latvia introduced the euro in 2014. SEPA payment - money from the supplier on the next business day.
EUR.1 for preferential rates
Latvia - EU. EUR.1 reduces duties for the EAEU. A complete set of customs documents.
Many speak Russian
Latvia is a country with a large Russian-speaking community. Many producers speak Russian fluently. Negotiations are easier than in other EU countries.
VAT 21% refunded upon export
We take into account when calculating - the final price is lower than the Latvian price list.
Plywood, pharmaceuticals, organics in one order
Latvijas Finieris birch plywood, Grindeks preparations, organic products - we consolidate them in one order.
Baltic connections
We work with all Baltic countries. We can organize consolidation from Latvia, Lithuania and Estonia.
What are they purchasing?
Popular categories from Latvia
Timber, pharmaceuticals, organics are Latvian niche export leaders.
Electronics
Latvenergo electrical equipment, SAF Tehnika (microwave systems), Datorika - Latvian technology industry.
SAF Tehnika, Latvian technology companies
Clothing and textiles
Latvian linen and wool products, traditional national fabrics with ornaments - a unique Baltic style.
Latvian linen, national textile
Auto parts
Latvian distributors of European auto parts - Autopirts Rīga, Torex, the largest Baltic spare parts market in Riga.
Autopirts Riga, Torex, European spare parts
Equipment
Primex woodworking lines, metalworking machines, equipment for the sawmill industry.
Woodworking lines, sawmill equipment
Construction materials
Latvijas Finieris birch plywood, CLT panels, Latvian pine and spruce are EU FSC-certified building materials.
Latvijas Finieris plywood, CLT, pine FSC
Cosmetics
Stenders is a Latvian spa brand of natural cosmetics. Riga balsam in cosmetic products is a unique Latvian export.
Stenders, Black balm cosmetics
How does this work
Four steps - from application to result
A personal manager accompanies the task from the first request to completion.
- 01
Bid
Describe the task: what needs to be bought, paid for, or delivered. We will answer within an hour.
1 hour - 02
Calculation
We will calculate the cost, terms and commission. Everything in one offer, no hidden extras.
1 day - 03
Payment
Transfer to us - we pay the supplier or service from a local account on the same day.
1 day - 04
Execution
Redemption, replenishment or delivery - depends on the task. Tracking at every stage.
from 1 hour
Problems and solutions
What tasks do clients come with?
Four typical situations when purchasing in Latvia. How do we solve them?
Typical problems
Mildronate and other Olainfarm drugs, documents required for import into the EAEU
Birch plywood, heavy weight, complex and expensive logistics
Small organic farms are not ready for export documentation
Latvian language is difficult to negotiate
Solutions OZTA
Olainfarm works with the EAEU market, we help to prepare a regulatory package
Container transportation of cars, a suitable option for plywood. Calculate the cost per ton
We help the supplier prepare an organic certificate and EUR.1
Many manufacturers speak Russian, we negotiate directly
Important nuances
What you need to know about purchasing in Latvia
Specifics of Latvian exports of timber and pharmaceuticals.
Customs regulations
EUR.1 for preferential rates of the EAEU. Timber - duty 0–5%. Pharmaceuticals - 0–5%. Products - 5–15%.
Payment Features
SEPA in EUR has been a standard since 2014. Latvian companies are precise in their financial obligations - it is important to comply with payment terms.
Seasonality
Timber: the best quality pine in winter harvesting. Organic products: harvest July–October. Christmas is a pause in business.
Minimum quantity
Plywood: from 5 m³. Timber: from 1 m³. Pharmaceuticals through a distributor: from €500. Organic: from 50 kg.
Certification
Timber: FSC or PEFC + phytosanitary. Pharmaceuticals: GMP + registration with the Ministry of Health of the Kyrgyz Republic. Organic: EU Bio-certificate.
Common mistakes
Ordering plywood without specifying the grade (BB/BB, B/BB - different prices). Pharmaceuticals without registration in the EAEU will be detained at customs.
FAQ
Frequently Asked Questions
We answer questions about purchasing in Latvia.
What is the minimum order from Latvia?
How long does it take for cargo to arrive from Latvia?
How do you pay Latvian suppliers?
How to check the quality of plywood?
How to order Mildronate or another Olainfarm drug?
Do I need a Latvian account?
What if the plywood arrived of the wrong grade?
Do you work with Latvijas Finieris?
Other directions
We buy not only in Latvia
Suppliers in 30+ countries. Choose a direction.