Merchandise exports to high-income economies in Latvia
Latvia: Merchandise exports to high-income economies was 85.9% in 2023. ▬ Flat
Merchandise exports to high-income economies in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to high-income economies in Latvia stood at 85.9%.
Compared with earlier readings it is down 3.1% on the previous year and down 3.5% over ten years.
Over the whole period, merchandise exports to high-income economies in Latvia peaked at 94.1% in 2005 and was at its lowest, 76.3%, in 1993.
That places Latvia 37th out of 206 countries with data for 2023, putting it in the top quarter.
Merchandise exports to high-income economies in Latvia, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1992 | 82.4% | — |
| 1993 | 76.3% | -7.5% |
| 1994 | 82.8% | +8.6% |
| 1995 | 85.7% | +3.5% |
| 1996 | 83.8% | -2.3% |
| 1997 | 89.2% | +6.5% |
| 1998 | 90.9% | +2.0% |
| 1999 | 93.1% | +2.4% |
| 2000 | 92.4% | -0.7% |
| 2001 | 91.5% | -1.1% |
| 2002 | 93.0% | +1.7% |
| 2003 | 93.0% | -0.0% |
| 2004 | 93.3% | +0.3% |
| 2005 | 94.1% | +0.8% |
| 2006 | 92.3% | -1.9% |
| 2007 | 92.7% | +0.3% |
| 2008 | 90.6% | -2.2% |
| 2009 | 87.8% | -3.1% |
| 2010 | 89.3% | +1.6% |
| 2011 | 89.4% | +0.2% |
| 2012 | 87.3% | -2.4% |
| 2013 | 89.0% | +1.9% |
| 2014 | 89.3% | +0.3% |
| 2015 | 88.6% | -0.8% |
| 2016 | 89.5% | +1.0% |
| 2017 | 89.2% | -0.3% |
| 2018 | 90.3% | +1.2% |
| 2019 | 89.3% | -1.1% |
| 2020 | 88.0% | -1.5% |
| 2021 | 89.6% | +1.9% |
| 2022 | 88.7% | -1.1% |
| 2023 | 85.9% | -3.1% |
Latvia compared with similar countries
- Latvia's 85.9% is above the median for high income countries, which is 80.7%, 1.1× the median. (74 countries reporting)
- Latvia's 85.9% is above the median for Europe & Central Asia, which is 83.1%, 1.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 85.5% | 76.3% | 93.1% | 8 |
| 2000s | 92.1% | 87.8% | 94.1% | 10 |
| 2010s | 89.1% | 87.3% | 90.3% | 10 |
| 2020s | 88.0% | 85.9% | 89.6% | 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 to high-income economies in Latvia?
- Merchandise exports to high-income economies in Latvia was 85.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Latvia?
- The highest recorded value was 94.1% in 2005.
- What is the lowest merchandise exports to high-income economies recorded in Latvia?
- The lowest recorded value was 76.3% in 1993.
- How does Latvia rank for merchandise exports to high-income economies?
- Latvia ranks 37th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Latvia?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.