Merchandise exports to low- and middle-income economies outside region in Latvia
Latvia: Merchandise exports to low- and middle-income economies outside region was 5.1% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies outside region in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Latvia recorded 5.1% for merchandise exports to low- and middle-income economies outside region in 2023.
That represents a change of up 6.2% on the previous year and up 18.8% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies outside region in Latvia peaked at 6.7% in 2012 and was at its lowest, 0.9%, in 1995.
Latvia ranks 140th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Merchandise exports to low- and middle-income economies outside region in Latvia, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1992 | 1.0% | — |
| 1993 | 5.0% | +384.9% |
| 1994 | 2.4% | -50.8% |
| 1995 | 0.9% | -64.2% |
| 1996 | 2.9% | +225.5% |
| 1997 | 2.2% | -22.4% |
| 1998 | 2.2% | -0.4% |
| 1999 | 1.4% | -37.0% |
| 2000 | 3.0% | +116.0% |
| 2001 | 3.9% | +29.4% |
| 2002 | 2.6% | -32.9% |
| 2003 | 2.5% | -5.2% |
| 2004 | 1.5% | -37.6% |
| 2005 | 1.5% | -4.5% |
| 2006 | 2.1% | +44.9% |
| 2007 | 2.2% | +4.6% |
| 2008 | 4.1% | +84.9% |
| 2009 | 6.3% | +53.5% |
| 2010 | 5.1% | -19.2% |
| 2011 | 4.8% | -6.8% |
| 2012 | 6.7% | +39.7% |
| 2013 | 4.3% | -35.9% |
| 2014 | 4.3% | +1.6% |
| 2015 | 5.1% | +17.2% |
| 2016 | 4.5% | -11.2% |
| 2017 | 4.4% | -1.9% |
| 2018 | 4.1% | -8.7% |
| 2019 | 4.5% | +11.7% |
| 2020 | 6.1% | +33.9% |
| 2021 | 4.9% | -19.0% |
| 2022 | 4.8% | -2.6% |
| 2023 | 5.1% | +6.2% |
Latvia compared with similar countries
- Latvia's 5.1% is below the median for high income countries, which is 9.2%, 55% of the median. (74 countries reporting)
- Latvia's 5.1% is below the median for Europe & Central Asia, which is 9.2%, 55% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies outside region in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +384.9% | 1.0% | 5.0% |
| 1996 | +225.5% | 0.9% | 2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.2% | 0.9% | 5.0% | 8 |
| 2000s | 3.0% | 1.5% | 6.3% | 10 |
| 2010s | 4.8% | 4.1% | 6.7% | 10 |
| 2020s | 5.2% | 4.8% | 6.1% | 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 outside region in Latvia?
- Merchandise exports to low- and middle-income economies outside region in Latvia was 5.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies outside region recorded in Latvia?
- The highest recorded value was 6.7% in 2012.
- What is the lowest merchandise exports to low- and middle-income economies outside region recorded in Latvia?
- The lowest recorded value was 0.9% in 1995.
- How does Latvia rank for merchandise exports to low- and middle-income economies outside region?
- Latvia ranks 140th out of 206 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies outside region rising or falling in Latvia?
- Over the last ten years it is up 18.8%. The long-run trend across the full record is rising.
- 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 outside region (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.