Latvia vs Panama: Merchandise imports

Latvia
26.28 billion current US$
in 2025
Panama
25.76 billion current US$
in 2025
Latvia rank
78th
Panama rank
79th

Merchandise imports over time

  • Latvia
  • Panama
010.0B20.0B30.0B196019922025

How they compare

Latvia currently reports 26.28 billion current US$ against 25.76 billion current US$ in Panama, a difference of 520.00 million current US$.

The two have swapped places 7 times across 34 shared years of data; in 1992 it was Panama ahead.

Latvia ranks 78th and Panama ranks 79th of 206 countries.

Across the 4 decades both report, Latvia averaged higher in 1 and Panama in 3.

Head to head by decade

Decade Latvia Panama Difference Ahead
1990s 1.99 billion current US$ 2.73 billion current US$ 737.62 million current US$ Panama
2000s 8.46 billion current US$ 7.93 billion current US$ 533.50 million current US$ Latvia
2010s 16.59 billion current US$ 22.23 billion current US$ 5.65 billion current US$ Panama
2020s 24.72 billion current US$ 25.22 billion current US$ 502.17 million current US$ Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise imports, Latvia or Panama?
Latvia, at 26.28 billion current US$ against 25.76 billion current US$ in Panama as of 2025.
What is the difference in merchandise imports between Latvia and Panama?
520.00 million current US$, with Latvia ahead.
How many years of comparable data are there for Latvia and Panama?
34 years are reported by both, from 1992 to 2025.
How do Latvia and Panama rank globally for merchandise imports?
Latvia ranks 78th and Panama ranks 79th of 206 countries.
Where does this data come from?
World Trade Organization (WTO), published as Merchandise imports (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Panama: Merchandise imports. Statizoid, drawing on World Trade Organization (WTO). Retrieved 22 September 2026, from https://private-sector.statizoid.com/compare/merchandise-imports-current-us/latvia/panama/

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About this data

Indicator
Merchandise imports (current US$)
Unit
current US$
Source
World Trade Organization (WTO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
253 places, 14,842 data points, 1960–2025
Last refreshed

Merchandise imports includes goods whose economic ownership is changed from a non-resident to a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.