Tariff rate, applied, weighted mean, manufactured products in Latvia
Latvia: Tariff rate, applied, weighted mean, manufactured products was 1.6% in 2022. ▼ Falling
Tariff rate, applied, weighted mean, manufactured products in Latvia, 1996–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, weighted mean, manufactured products in Latvia stood at 1.6%.
The figure is up 14.7% on the previous year and down 1.8% over ten years.
Over the whole period, tariff rate, applied, weighted mean, manufactured products in Latvia peaked at 2.9% in 1997 and was at its lowest, 1.4%, in 2021.
That places Latvia 131st out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Tariff rate, applied, weighted mean, manufactured products in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 2.6% | — |
| 1997 | 2.9% | +9.6% |
| 2001 | 1.6% | -45.6% |
| 2004 | 2.0% | +31.0% |
| 2005 | 2.4% | +17.7% |
| 2006 | 2.4% | +2.1% |
| 2007 | 2.4% | -3.3% |
| 2008 | 1.8% | -22.0% |
| 2009 | 1.9% | +1.1% |
| 2010 | 2.5% | +33.3% |
| 2011 | 1.7% | -30.2% |
| 2012 | 1.7% | -3.5% |
| 2013 | 1.6% | -3.0% |
| 2014 | 2.3% | +40.1% |
| 2015 | 2.3% | -0.4% |
| 2016 | 2.1% | -6.2% |
| 2017 | 2.1% | -1.9% |
| 2018 | 2.0% | -4.8% |
| 2019 | 2.0% | +1.5% |
| 2020 | 1.8% | -10.4% |
| 2021 | 1.4% | -20.6% |
| 2022 | 1.6% | +14.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7% | 2.6% | 2.9% | 2 |
| 2000s | 2.1% | 1.6% | 2.4% | 7 |
| 2010s | 2.0% | 1.6% | 2.5% | 10 |
| 2020s | 1.6% | 1.4% | 1.8% | 3 |
Countries ranked near Latvia
- 128 Indonesia 1.7% compare
- 129 Serbia 1.7% compare
- 130 Honduras 1.7% compare
- 131 Austria 1.6% compare
- 131 Belgium 1.6% compare
- 131 Bulgaria 1.6% compare
- 131 Croatia 1.6% compare
- 131 Cyprus 1.6% compare
- 131 Czechia 1.6% compare
- 131 Denmark 1.6% compare
- 131 Estonia 1.6% compare
- 131 Finland 1.6% compare
- 131 France 1.6% compare
- 131 Germany 1.6% compare
- 131 Greece 1.6% compare
- 131 Hungary 1.6% compare
- 131 Ireland 1.6% compare
- 131 Italy 1.6% compare
- 131 Lithuania 1.6% compare
- 131 Malta 1.6% compare
- 131 Netherlands 1.6% compare
- 131 Poland 1.6% compare
- 131 Portugal 1.6% compare
- 131 Romania 1.6% compare
- 131 Slovakia 1.6% compare
- 131 Slovenia 1.6% compare
- 131 Spain 1.6% compare
- 131 Sweden 1.6% compare
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 tariff rate, applied, weighted mean, manufactured products in Latvia?
- Tariff rate, applied, weighted mean, manufactured products in Latvia was 1.6% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, manufactured products recorded in Latvia?
- The highest recorded value was 2.9% in 1997.
- What is the lowest tariff rate, applied, weighted mean, manufactured products recorded in Latvia?
- The lowest recorded value was 1.4% in 2021.
- How does Latvia rank for tariff rate, applied, weighted mean, manufactured products?
- Latvia ranks 131st out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, manufactured products rising or falling in Latvia?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
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About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.