Merchandise imports from low- and middle-income economies in South in Latvia
Latvia: Merchandise imports from low- and middle-income economies in South was 0.5% in 2023. ▲ Rising
Merchandise imports from low- and middle-income economies in South in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from low- and middle-income economies in south in Latvia is 0.5%, measured in 2023.
Compared with earlier readings it is up 18.8% on the previous year and up 26.1% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in south in Latvia peaked at 0.5% in 2017 and was at its lowest, 0.2%, in 1998.
Latvia ranks 183rd of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Merchandise imports from low- and middle-income economies in South in Latvia, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1992 | 0.4% | — |
| 1993 | 0.4% | -0.5% |
| 1994 | 0.3% | -12.7% |
| 1995 | 0.2% | -33.9% |
| 1996 | 0.2% | -5.3% |
| 1997 | 0.2% | -13.4% |
| 1998 | 0.2% | -4.3% |
| 1999 | 0.2% | +2.2% |
| 2000 | 0.2% | +2.1% |
| 2001 | 0.2% | +1.7% |
| 2002 | 0.2% | +37.4% |
| 2003 | 0.2% | -5.8% |
| 2004 | 0.2% | -14.8% |
| 2005 | 0.2% | +24.1% |
| 2006 | 0.3% | +16.8% |
| 2007 | 0.2% | -16.5% |
| 2008 | 0.2% | -2.0% |
| 2009 | 0.3% | +14.9% |
| 2010 | 0.3% | +26.8% |
| 2011 | 0.3% | -19.7% |
| 2012 | 0.3% | +27.6% |
| 2013 | 0.4% | +17.6% |
| 2014 | 0.3% | -21.5% |
| 2015 | 0.3% | +4.2% |
| 2016 | 0.4% | +21.6% |
| 2017 | 0.5% | +32.6% |
| 2018 | 0.5% | -7.2% |
| 2019 | 0.4% | -14.5% |
| 2020 | 0.4% | -3.7% |
| 2021 | 0.4% | -0.3% |
| 2022 | 0.4% | +5.6% |
| 2023 | 0.5% | +18.8% |
Latvia compared with similar countries
- Latvia's 0.5% is below the median for high income countries, which is 1.3%, 40% of the median. (73 countries reporting)
- Latvia's 0.5% is below the median for Europe & Central Asia, which is 1.3%, 40% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.2% | 0.4% | 8 |
| 2000s | 0.2% | 0.2% | 0.3% | 10 |
| 2010s | 0.4% | 0.3% | 0.5% | 10 |
| 2020s | 0.4% | 0.4% | 0.5% | 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 imports from low- and middle-income economies in south in Latvia?
- Merchandise imports from low- and middle-income economies in south in Latvia was 0.5% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in south recorded in Latvia?
- The highest recorded value was 0.5% in 2017.
- What is the lowest merchandise imports from low- and middle-income economies in south recorded in Latvia?
- The lowest recorded value was 0.2% in 1998.
- How does Latvia rank for merchandise imports from low- and middle-income economies in south?
- Latvia ranks 183rd out of 205 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in south rising or falling in Latvia?
- Over the last ten years it is up 26.1%. 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 imports from low- and middle-income economies in South Asia (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports from low- and middle-income economies in South Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the South Asia region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.