Merchandise exports to low- and middle-income economies in Europe & in Latvia
Latvia: Merchandise exports to low- and middle-income economies in Europe & was 9.0% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in Europe & in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to low- and middle-income economies in europe & in Latvia is 9.0%, measured in 2023.
Compared with earlier readings it is up 37.4% on the previous year and up 34.5% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in europe & in Latvia peaked at 18.7% in 1993 and was at its lowest, 4.4%, in 2002.
That places Latvia 31st out of 204 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in Europe & in Latvia, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1992 | 16.5% | — |
| 1993 | 18.7% | +13.3% |
| 1994 | 14.7% | -21.5% |
| 1995 | 13.4% | -9.1% |
| 1996 | 13.4% | +0.1% |
| 1997 | 8.6% | -35.7% |
| 1998 | 6.8% | -20.5% |
| 1999 | 5.5% | -19.9% |
| 2000 | 4.6% | -16.8% |
| 2001 | 4.7% | +2.1% |
| 2002 | 4.4% | -6.5% |
| 2003 | 4.5% | +3.7% |
| 2004 | 5.1% | +13.5% |
| 2005 | 4.4% | -13.5% |
| 2006 | 5.5% | +24.7% |
| 2007 | 5.1% | -7.7% |
| 2008 | 5.2% | +2.8% |
| 2009 | 5.8% | +10.8% |
| 2010 | 5.6% | -3.5% |
| 2011 | 5.8% | +2.9% |
| 2012 | 6.0% | +3.9% |
| 2013 | 6.7% | +11.6% |
| 2014 | 6.3% | -5.2% |
| 2015 | 6.3% | -0.4% |
| 2016 | 6.0% | -4.8% |
| 2017 | 6.3% | +5.3% |
| 2018 | 5.7% | -10.6% |
| 2019 | 6.2% | +8.7% |
| 2020 | 6.0% | -3.2% |
| 2021 | 5.4% | -8.6% |
| 2022 | 6.6% | +20.4% |
| 2023 | 9.0% | +37.4% |
Latvia compared with similar countries
- Latvia's 9.0% is above the median for high income countries, which is 1.2%, 7.8× the median. (74 countries reporting)
- Latvia's 9.0% is above the median for Europe & Central Asia, which is 6.9%, 1.3× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.2% | 5.5% | 18.7% | 8 |
| 2000s | 4.9% | 4.4% | 5.8% | 10 |
| 2010s | 6.1% | 5.6% | 6.7% | 10 |
| 2020s | 6.7% | 5.4% | 9.0% | 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 low- and middle-income economies in europe & in Latvia?
- Merchandise exports to low- and middle-income economies in europe & in Latvia was 9.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in europe & recorded in Latvia?
- The highest recorded value was 18.7% in 1993.
- What is the lowest merchandise exports to low- and middle-income economies in europe & recorded in Latvia?
- The lowest recorded value was 4.4% in 2002.
- How does Latvia rank for merchandise exports to low- and middle-income economies in europe &?
- Latvia ranks 31st out of 204 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in europe & rising or falling in Latvia?
- Over the last ten years it is up 34.5%. 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 to low- and middle-income economies in Europe & Central Asia (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Europe and Central Asia region according to World Bank classification of economies. Data are 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.