Merchandise imports from low- and middle-income economies within in Latvia
Latvia: Merchandise imports from low- and middle-income economies within was 3.7% in 2023. ▼ Falling
Merchandise imports from low- and middle-income economies within 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 within in Latvia is 3.7%, measured in 2023.
Compared with earlier readings it is up 5.3% on the previous year and down 14.9% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies within in Latvia peaked at 12.4% in 1993 and was at its lowest, 3.3%, in 2016.
That places Latvia 156th out of 203 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 32 years of available data.
Merchandise imports from low- and middle-income economies within in Latvia, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1992 | 10.5% | — |
| 1993 | 12.4% | +18.0% |
| 1994 | 7.7% | -37.8% |
| 1995 | 6.6% | -13.9% |
| 1996 | 5.5% | -16.5% |
| 1997 | 4.5% | -18.1% |
| 1998 | 4.5% | -1.1% |
| 1999 | 4.9% | +8.8% |
| 2000 | 5.7% | +17.8% |
| 2001 | 6.1% | +6.6% |
| 2002 | 5.0% | -18.5% |
| 2003 | 6.5% | +30.1% |
| 2004 | 8.5% | +30.9% |
| 2005 | 8.9% | +4.5% |
| 2006 | 7.0% | -21.0% |
| 2007 | 5.6% | -19.6% |
| 2008 | 6.1% | +8.2% |
| 2009 | 5.8% | -5.5% |
| 2010 | 5.9% | +2.6% |
| 2011 | 6.4% | +8.9% |
| 2012 | 5.9% | -7.6% |
| 2013 | 4.4% | -25.9% |
| 2014 | 4.4% | +0.2% |
| 2015 | 3.9% | -11.0% |
| 2016 | 3.3% | -16.5% |
| 2017 | 3.7% | +12.8% |
| 2018 | 3.9% | +5.5% |
| 2019 | 4.1% | +4.2% |
| 2020 | 4.0% | -1.3% |
| 2021 | 4.5% | +11.1% |
| 2022 | 3.6% | -20.2% |
| 2023 | 3.7% | +5.3% |
Latvia compared with similar countries
- Latvia's 3.7% is below the median for high income countries, which is 4.5%, 84% of the median. (71 countries reporting)
- Latvia's 3.7% is below the median for Europe & Central Asia, which is 4.2%, 89% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.1% | 4.5% | 12.4% | 8 |
| 2000s | 6.5% | 5.0% | 8.9% | 10 |
| 2010s | 4.6% | 3.3% | 6.4% | 10 |
| 2020s | 3.9% | 3.6% | 4.5% | 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 within in Latvia?
- Merchandise imports from low- and middle-income economies within in Latvia was 3.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies within recorded in Latvia?
- The highest recorded value was 12.4% in 1993.
- What is the lowest merchandise imports from low- and middle-income economies within recorded in Latvia?
- The lowest recorded value was 3.3% in 2016.
- How does Latvia rank for merchandise imports from low- and middle-income economies within?
- Latvia ranks 156th out of 203 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies within rising or falling in Latvia?
- Over the last ten years it is down 14.9%. The long-run trend across the full record is falling.
- 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 within 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 within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.