Merchandise imports from low- and middle-income economies outside in Latvia
Latvia: Merchandise imports from low- and middle-income economies outside was 5.6% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies outside in Latvia, 1989–2023
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 outside in Latvia is 5.6%, measured in 2023.
That represents a change of up 2.7% on the previous year and up 22.1% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies outside in Latvia peaked at 100.0% in 1989 and was at its lowest, 1.2%, in 1995.
Latvia ranks 173rd of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies outside in Latvia, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1989 | 100.0% | — |
| 1992 | 1.5% | -98.5% |
| 1993 | 1.2% | -19.1% |
| 1994 | 2.8% | +128.3% |
| 1995 | 1.2% | -58.2% |
| 1996 | 1.8% | +51.1% |
| 1997 | 1.3% | -28.8% |
| 1998 | 1.2% | -6.3% |
| 1999 | 1.7% | +44.1% |
| 2000 | 1.3% | -26.4% |
| 2001 | 1.4% | +10.9% |
| 2002 | 1.7% | +25.5% |
| 2003 | 2.1% | +18.9% |
| 2004 | 1.9% | -8.3% |
| 2005 | 2.2% | +17.2% |
| 2006 | 2.5% | +13.8% |
| 2007 | 3.1% | +23.3% |
| 2008 | 3.2% | +0.9% |
| 2009 | 2.9% | -7.5% |
| 2010 | 3.4% | +16.7% |
| 2011 | 3.7% | +8.6% |
| 2012 | 3.8% | +2.5% |
| 2013 | 4.6% | +20.3% |
| 2014 | 4.0% | -12.8% |
| 2015 | 4.7% | +18.6% |
| 2016 | 4.7% | -0.4% |
| 2017 | 4.7% | -0.6% |
| 2018 | 4.7% | +1.3% |
| 2019 | 4.9% | +3.6% |
| 2020 | 5.9% | +20.1% |
| 2021 | 6.0% | +0.9% |
| 2022 | 5.4% | -8.7% |
| 2023 | 5.6% | +2.7% |
Latvia compared with similar countries
- Latvia's 5.6% is below the median for high income countries, which is 11.2%, 50% of the median. (74 countries reporting)
- Latvia's 5.6% is below the median for Europe & Central Asia, which is 15.8%, 35% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 100.0% | 100.0% | 100.0% | 1 |
| 1990s | 1.6% | 1.2% | 2.8% | 8 |
| 2000s | 2.2% | 1.3% | 3.2% | 10 |
| 2010s | 4.3% | 3.4% | 4.9% | 10 |
| 2020s | 5.7% | 5.4% | 6.0% | 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 imports from low- and middle-income economies outside in Latvia?
- Merchandise imports from low- and middle-income economies outside in Latvia was 5.6% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies outside recorded in Latvia?
- The highest recorded value was 100.0% in 1989.
- What is the lowest merchandise imports from low- and middle-income economies outside recorded in Latvia?
- The lowest recorded value was 1.2% in 1995.
- How does Latvia rank for merchandise imports from low- and middle-income economies outside?
- Latvia ranks 173rd out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies outside rising or falling in Latvia?
- Over the last ten years it is up 22.1%. 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 imports from low- and middle-income economies outside region (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.