Latin America & Caribbean vs Latvia: Merchandise trade
Merchandise trade over time
- Latin America & Caribbean
- Latvia
How they compare
Latvia currently reports 99.6% against 44.2% in Latin America & Caribbean, a difference of 55.4%.
That makes Latvia's figure about 2.3 times Latin America & Caribbean's.
Across all 31 years both countries report, Latvia has been ahead every year.
Latin America & Caribbean ranks 24th and Latvia ranks 27th of 47 groups.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 27.5% | 65.1% | 37.6% | Latvia |
| 2000s | 37.3% | 75.1% | 37.8% | Latvia |
| 2010s | 37.1% | 105.5% | 68.4% | Latvia |
| 2020s | 45.0% | 112.9% | 67.9% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade, Latin America & Caribbean or Latvia?
- Latvia, at 99.6% against 44.2% in Latin America & Caribbean as of 2025.
- What is the difference in merchandise trade between Latin America & Caribbean and Latvia?
- 55.4%, with Latvia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Latin America & Caribbean and Latvia rank globally for merchandise trade?
- Latin America & Caribbean ranks 24th and Latvia ranks 27th of 47 groups.
- Where does this data come from?
- World Trade Organization (WTO), published as Merchandise trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-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. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.