High-technology exports in Latvia
Latvia: High-technology exports was 1.90 billion current US$ in 2024. ▲ Rising
High-technology exports in Latvia, 2007–2024
Source: Comtrade database, United Nations (UN). Measured in current US$.
Analysis
Latvia recorded 1.90 billion current US$ for high-technology exports in 2024.
The figure is down 11.1% on the previous year and up 43.2% over ten years.
Over the whole period, high-technology exports in Latvia peaked at 2.14 billion current US$ in 2023 and was at its lowest, 356.10 million current US$, in 2007.
That places Latvia 50th out of 176 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
High-technology exports in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 2007 | 356.10 million current US$ | — |
| 2008 | 430.11 million current US$ | +20.8% |
| 2009 | 374.74 million current US$ | -12.9% |
| 2010 | 430.96 million current US$ | +15.0% |
| 2011 | 633.82 million current US$ | +47.1% |
| 2012 | 777.10 million current US$ | +22.6% |
| 2013 | 1.08 billion current US$ | +39.3% |
| 2014 | 1.33 billion current US$ | +22.9% |
| 2015 | 1.29 billion current US$ | -2.8% |
| 2016 | 1.20 billion current US$ | -6.8% |
| 2017 | 1.25 billion current US$ | +3.9% |
| 2018 | 1.45 billion current US$ | +15.8% |
| 2019 | 1.47 billion current US$ | +1.7% |
| 2020 | 1.84 billion current US$ | +24.8% |
| 2021 | 1.95 billion current US$ | +6.0% |
| 2022 | 2.06 billion current US$ | +5.7% |
| 2023 | 2.14 billion current US$ | +4.0% |
| 2024 | 1.90 billion current US$ | -11.1% |
Latvia compared with similar countries
- Latvia's 1.90 billion current US$ is below the median for high income countries, which is 2.96 billion current US$, 64% of the median. (68 countries reporting)
- Latvia's 1.90 billion current US$ is below the median for Europe & Central Asia, which is 4.13 billion current US$, 46% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 386.99 million current US$ | 356.10 million current US$ | 430.11 million current US$ | 3 |
| 2010s | 1.09 billion current US$ | 430.96 million current US$ | 1.47 billion current US$ | 10 |
| 2020s | 1.98 billion current US$ | 1.84 billion current US$ | 2.14 billion current US$ | 5 |
Countries ranked near Latvia
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 54.2% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.455 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is high-technology exports in Latvia?
- High-technology exports in Latvia was 1.90 billion current US$ in 2024, according to Comtrade database, United Nations (UN).
- What is the highest high-technology exports recorded in Latvia?
- The highest recorded value was 2.14 billion current US$ in 2023.
- What is the lowest high-technology exports recorded in Latvia?
- The lowest recorded value was 356.10 million current US$ in 2007.
- How does Latvia rank for high-technology exports?
- Latvia ranks 50th out of 176 countries with data for 2024.
- Is high-technology exports rising or falling in Latvia?
- Over the last ten years it is up 43.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Comtrade database, United Nations (UN), published as part of High-technology exports (current US$). Statizoid updates them automatically from the source API.
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About this data
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.