Merchandise imports in Latvia
Latvia: Merchandise imports was 26.28 billion current US$ in 2025. ◆ Volatile
Merchandise imports in Latvia, 1992–2025
Source: World Trade Organization (WTO). Measured in current US$.
Analysis
In 2025, merchandise imports in Latvia stood at 26.28 billion current US$.
The figure is up 10.8% on the previous year and up 78.6% over ten years.
Over the whole period, merchandise imports in Latvia peaked at 28.80 billion current US$ in 2022 and was at its lowest, 795.00 million current US$, in 1992.
Latvia ranks 78th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 795.00 million current US$ | — |
| 1993 | 872.00 million current US$ | +9.7% |
| 1994 | 1.25 billion current US$ | +43.5% |
| 1995 | 1.82 billion current US$ | +45.3% |
| 1996 | 2.32 billion current US$ | +27.6% |
| 1997 | 2.72 billion current US$ | +17.3% |
| 1998 | 3.19 billion current US$ | +17.3% |
| 1999 | 2.95 billion current US$ | -7.4% |
| 2000 | 3.20 billion current US$ | +8.4% |
| 2001 | 3.51 billion current US$ | +9.5% |
| 2002 | 4.05 billion current US$ | +15.4% |
| 2003 | 5.23 billion current US$ | +29.4% |
| 2004 | 7.10 billion current US$ | +35.6% |
| 2005 | 8.70 billion current US$ | +22.6% |
| 2006 | 11.54 billion current US$ | +32.7% |
| 2007 | 15.32 billion current US$ | +32.8% |
| 2008 | 16.14 billion current US$ | +5.4% |
| 2009 | 9.81 billion current US$ | -39.2% |
| 2010 | 11.69 billion current US$ | +19.2% |
| 2011 | 16.29 billion current US$ | +39.3% |
| 2012 | 17.23 billion current US$ | +5.8% |
| 2013 | 17.86 billion current US$ | +3.7% |
| 2014 | 17.96 billion current US$ | +0.6% |
| 2015 | 14.72 billion current US$ | -18.1% |
| 2016 | 14.43 billion current US$ | -1.9% |
| 2017 | 17.03 billion current US$ | +18.0% |
| 2018 | 19.68 billion current US$ | +15.5% |
| 2019 | 18.96 billion current US$ | -3.7% |
| 2020 | 18.44 billion current US$ | -2.7% |
| 2021 | 24.45 billion current US$ | +32.6% |
| 2022 | 28.80 billion current US$ | +17.8% |
| 2023 | 26.62 billion current US$ | -7.6% |
| 2024 | 23.72 billion current US$ | -10.9% |
| 2025 | 26.28 billion current US$ | +10.8% |
Latvia compared with similar countries
- Latvia's 26.28 billion current US$ is below the median for high income countries, which is 44.50 billion current US$, 59% of the median. (77 countries reporting)
- Latvia's 26.28 billion current US$ is below the median for Europe & Central Asia, which is 64.46 billion current US$, 41% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.99 billion current US$ | 795.00 million current US$ | 3.19 billion current US$ | 8 |
| 2000s | 8.46 billion current US$ | 3.20 billion current US$ | 16.14 billion current US$ | 10 |
| 2010s | 16.59 billion current US$ | 11.69 billion current US$ | 19.68 billion current US$ | 10 |
| 2020s | 24.72 billion current US$ | 18.44 billion current US$ | 28.80 billion current US$ | 6 |
Countries ranked near Latvia
- 75 Luxembourg 28.17 billion current US$ compare
- 76 Democratic Republic of Congo 28.10 billion current US$ compare
- 77 Costa Rica 27.48 billion current US$ compare
- 79 Panama 25.76 billion current US$ compare
- 80 Estonia 25.30 billion current US$ compare
- 81 Azerbaijan 24.38 billion current US$ compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (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$), annual growth rate 7.16 % change on previous year (2025)
- Merchandise imports (current US$), per capita 14,225 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports in Latvia?
- Merchandise imports in Latvia was 26.28 billion current US$ in 2025, according to World Trade Organization (WTO).
- What is the highest merchandise imports recorded in Latvia?
- The highest recorded value was 28.80 billion current US$ in 2022.
- What is the lowest merchandise imports recorded in Latvia?
- The lowest recorded value was 795.00 million current US$ in 1992.
- How does Latvia rank for merchandise imports?
- Latvia ranks 78th out of 206 countries with data for 2025.
- Is merchandise imports rising or falling in Latvia?
- Over the last ten years it is up 78.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise imports (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports includes goods whose economic ownership is changed from a non-resident to a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.