Merchandise exports by the reporting economy in Latvia
Latvia: Merchandise exports by the reporting economy was 22.56 billion current US$ in 2023. ◆ Volatile
Merchandise exports by the reporting economy in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Latvia stood at 22.56 billion current US$.
The figure is down 6.1% on the previous year and up 57.4% over ten years.
Over the whole period, merchandise exports by the reporting economy in Latvia peaked at 24.02 billion current US$ in 2022 and was at its lowest, 896.22 million current US$, in 1992.
That places Latvia 71st out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 896.22 million current US$ | — |
| 1993 | 980.38 million current US$ | +9.4% |
| 1994 | 982.53 million current US$ | +0.2% |
| 1995 | 1.27 billion current US$ | +29.4% |
| 1996 | 1.41 billion current US$ | +10.6% |
| 1997 | 1.67 billion current US$ | +18.6% |
| 1998 | 1.81 billion current US$ | +8.5% |
| 1999 | 1.72 billion current US$ | -5.0% |
| 2000 | 1.86 billion current US$ | +8.0% |
| 2001 | 1.99 billion current US$ | +7.2% |
| 2002 | 2.28 billion current US$ | +14.2% |
| 2003 | 2.89 billion current US$ | +26.8% |
| 2004 | 3.87 billion current US$ | +34.3% |
| 2005 | 5.13 billion current US$ | +32.3% |
| 2006 | 6.14 billion current US$ | +19.8% |
| 2007 | 8.28 billion current US$ | +34.9% |
| 2008 | 10.06 billion current US$ | +21.4% |
| 2009 | 7.68 billion current US$ | -23.6% |
| 2010 | 9.49 billion current US$ | +23.5% |
| 2011 | 13.00 billion current US$ | +37.1% |
| 2012 | 13.97 billion current US$ | +7.5% |
| 2013 | 14.33 billion current US$ | +2.6% |
| 2014 | 14.63 billion current US$ | +2.1% |
| 2015 | 12.24 billion current US$ | -16.3% |
| 2016 | 12.24 billion current US$ | +0.0% |
| 2017 | 14.06 billion current US$ | +14.8% |
| 2018 | 16.09 billion current US$ | +14.4% |
| 2019 | 15.64 billion current US$ | -2.8% |
| 2020 | 16.30 billion current US$ | +4.3% |
| 2021 | 20.79 billion current US$ | +27.5% |
| 2022 | 24.02 billion current US$ | +15.6% |
| 2023 | 22.56 billion current US$ | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.34 billion current US$ | 896.22 million current US$ | 1.81 billion current US$ | 8 |
| 2000s | 5.02 billion current US$ | 1.86 billion current US$ | 10.06 billion current US$ | 10 |
| 2010s | 13.57 billion current US$ | 9.49 billion current US$ | 16.09 billion current US$ | 10 |
| 2020s | 20.92 billion current US$ | 16.30 billion current US$ | 24.02 billion current US$ | 4 |
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$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Latvia?
- Merchandise exports by the reporting economy in Latvia was 22.56 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Latvia?
- The highest recorded value was 24.02 billion current US$ in 2022.
- What is the lowest merchandise exports by the reporting economy recorded in Latvia?
- The lowest recorded value was 896.22 million current US$ in 1992.
- How does Latvia rank for merchandise exports by the reporting economy?
- Latvia ranks 71st out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Latvia?
- Over the last ten years it is up 57.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.