Merchandise trade in Latvia
Latvia: Merchandise trade was 99.6% in 2025. ▲ Rising
Merchandise trade in Latvia, 1995–2025
Source: World Trade Organization (WTO). Measured in % of GDP.
Analysis
In 2025, merchandise trade in Latvia stood at 99.6%.
Compared with earlier readings it is down 1.2% on the previous year and down 2.9% over ten years.
Over the whole period, merchandise trade in Latvia peaked at 139.2% in 2022 and was at its lowest, 55.7%, in 1995.
Latvia ranks 27th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Merchandise trade in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 55.7% | — |
| 1996 | 64.9% | +16.5% |
| 1997 | 69.2% | +6.6% |
| 1998 | 71.7% | +3.7% |
| 1999 | 63.9% | -11.0% |
| 2000 | 65.3% | +2.3% |
| 2001 | 67.2% | +2.9% |
| 2002 | 68.5% | +1.8% |
| 2003 | 72.3% | +5.6% |
| 2004 | 80.3% | +11.1% |
| 2005 | 85.0% | +5.8% |
| 2006 | 86.6% | +1.9% |
| 2007 | 80.3% | -7.3% |
| 2008 | 77.0% | -4.1% |
| 2009 | 68.2% | -11.5% |
| 2010 | 90.4% | +32.7% |
| 2011 | 110.7% | +22.4% |
| 2012 | 115.6% | +4.4% |
| 2013 | 110.9% | -4.0% |
| 2014 | 107.9% | -2.7% |
| 2015 | 102.5% | -5.0% |
| 2016 | 98.6% | -3.8% |
| 2017 | 106.0% | +7.6% |
| 2018 | 107.8% | +1.7% |
| 2019 | 104.7% | -2.9% |
| 2020 | 104.2% | -0.5% |
| 2021 | 118.6% | +13.8% |
| 2022 | 139.2% | +17.4% |
| 2023 | 115.0% | -17.4% |
| 2024 | 100.8% | -12.4% |
| 2025 | 99.6% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 65.1% | 55.7% | 71.7% | 5 |
| 2000s | 75.1% | 65.3% | 86.6% | 10 |
| 2010s | 105.5% | 90.4% | 115.6% | 10 |
| 2020s | 112.9% | 99.6% | 139.2% | 6 |
Countries ranked near Latvia
More private sector data for Latvia
- 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$), annual growth rate 7.16 % change on previous year (2025)
- Merchandise imports (current US$), per capita 14,225 current US$ per person (2025)
Frequently asked questions
- What is merchandise trade in Latvia?
- Merchandise trade in Latvia was 99.6% in 2025, according to World Trade Organization (WTO).
- What is the highest merchandise trade recorded in Latvia?
- The highest recorded value was 139.2% in 2022.
- What is the lowest merchandise trade recorded in Latvia?
- The lowest recorded value was 55.7% in 1995.
- How does Latvia rank for merchandise trade?
- Latvia ranks 27th out of 204 countries with data for 2025.
- Is merchandise trade rising or falling in Latvia?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-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. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.