Africa's Development Dynamics (AfDD) Table 28 - International trade in Latvia
Latvia: Africa's Development Dynamics (AfDD) Table 28 - International trade was 52.21 Percentage of merchandise value in 2020. ▼ Falling
Africa's Development Dynamics (AfDD) Table 28 - International trade in Latvia, 2000–2020
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of merchandise value.
Analysis
In 2020, africa's development dynamics (afdd) table 28 - international trade in Latvia stood at 52.21 Percentage of merchandise value.
The figure is up 3.1% on the previous year and up 12.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 28 - international trade in Latvia peaked at 74.53 Percentage of merchandise value in 2003 and was at its lowest, 30.76 Percentage of merchandise value, in 2014.
Latvia ranks 40th of 46 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Africa's Development Dynamics (AfDD) Table 28 - International trade in Latvia, year by year
| Year | Percentage of merchandise value | Change |
|---|---|---|
| 2000 | 74.37 Percentage of merchandise value | — |
| 2001 | 72.42 Percentage of merchandise value | -2.6% |
| 2002 | 71.9 Percentage of merchandise value | -0.7% |
| 2003 | 74.53 Percentage of merchandise value | +3.7% |
| 2004 | 54.56 Percentage of merchandise value | -26.8% |
| 2005 | 51.33 Percentage of merchandise value | -5.9% |
| 2006 | 60.73 Percentage of merchandise value | +18.3% |
| 2007 | 55.61 Percentage of merchandise value | -8.4% |
| 2008 | 41.19 Percentage of merchandise value | -25.9% |
| 2009 | 43.57 Percentage of merchandise value | +5.8% |
| 2010 | 46.52 Percentage of merchandise value | +6.8% |
| 2011 | 51.3 Percentage of merchandise value | +10.3% |
| 2012 | 53.7 Percentage of merchandise value | +4.7% |
| 2013 | 49.65 Percentage of merchandise value | -7.5% |
| 2014 | 30.76 Percentage of merchandise value | -38.1% |
| 2015 | 45.83 Percentage of merchandise value | +49.0% |
| 2016 | 48.01 Percentage of merchandise value | +4.7% |
| 2017 | 48.83 Percentage of merchandise value | +1.7% |
| 2018 | 49.63 Percentage of merchandise value | +1.6% |
| 2019 | 50.65 Percentage of merchandise value | +2.1% |
| 2020 | 52.21 Percentage of merchandise value | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 60.02 Percentage of merchandise value | 41.19 Percentage of merchandise value | 74.53 Percentage of merchandise value | 10 |
| 2010s | 47.49 Percentage of merchandise value | 30.76 Percentage of merchandise value | 53.7 Percentage of merchandise value | 10 |
| 2020s | 52.21 Percentage of merchandise value | 52.21 Percentage of merchandise value | 52.21 Percentage of merchandise value | 1 |
Countries ranked near Latvia
- 37 Togo 147.41 Percentage of merchandise value compare
- 38 Kyrgyzstan 144.73 Percentage of merchandise value compare
- 39 Sudan 143.86 Percentage of merchandise value compare
- 40 Dominica 143.54 Percentage of merchandise value compare
- 41 Sri Lanka 142.31 Percentage of merchandise value compare
- 42 Poland 40.41 Percentage of merchandise value compare
- 42 Barbados 142 Percentage of merchandise value compare
- 43 Estonia 36.25 Percentage of merchandise value compare
- 43 Tunisia 141.86 Percentage of merchandise value compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is africa's development dynamics (afdd) table 28 - international trade in Latvia?
- Africa's development dynamics (afdd) table 28 - international trade in Latvia was 52.21 Percentage of merchandise value in 2020, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 28 - international trade recorded in Latvia?
- The highest recorded value was 74.53 Percentage of merchandise value in 2003.
- What is the lowest africa's development dynamics (afdd) table 28 - international trade recorded in Latvia?
- The lowest recorded value was 30.76 Percentage of merchandise value in 2014.
- How does Latvia rank for africa's development dynamics (afdd) table 28 - international trade?
- Latvia ranks 40th out of 46 countries with data for 2020.
- Is africa's development dynamics (afdd) table 28 - international trade rising or falling in Latvia?
- Over the last ten years it is up 12.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 28 - International trade costs — Average cost of trade within continent, manufactured goods. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 28 shows the average cost of importing and exporting goods calculated as a percentage of the value of goods traded, broken down by the origin and destination of the trade, whether it is with bordering countries, with countries in the same region, or the same continent.