Exports of goods and services in Latvia
Latvia: Exports of goods and services was 30.43 billion BoP, current US$ in 2025. ◆ Volatile
Exports of goods and services in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, exports of goods and services in Latvia stood at 30.43 billion BoP, current US$. That is the highest value across all 34 years on record.
The figure is up 6.6% on the previous year and up 84.6% over ten years.
Over the whole period, exports of goods and services in Latvia peaked at 30.43 billion BoP, current US$ in 2025 and was at its lowest, 1.09 billion BoP, current US$, in 1992.
That places Latvia 81st out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 1.09 billion BoP, current US$ | — |
| 1993 | 1.59 billion BoP, current US$ | +45.6% |
| 1994 | 1.68 billion BoP, current US$ | +5.7% |
| 1995 | 2.09 billion BoP, current US$ | +24.3% |
| 1996 | 2.41 billion BoP, current US$ | +15.2% |
| 1997 | 2.59 billion BoP, current US$ | +7.6% |
| 1998 | 2.80 billion BoP, current US$ | +8.3% |
| 1999 | 2.65 billion BoP, current US$ | -5.5% |
| 2000 | 2.34 billion BoP, current US$ | -11.5% |
| 2001 | 2.55 billion BoP, current US$ | +8.8% |
| 2002 | 2.91 billion BoP, current US$ | +14.0% |
| 2003 | 3.90 billion BoP, current US$ | +34.3% |
| 2004 | 5.38 billion BoP, current US$ | +37.8% |
| 2005 | 7.27 billion BoP, current US$ | +35.1% |
| 2006 | 8.66 billion BoP, current US$ | +19.1% |
| 2007 | 12.14 billion BoP, current US$ | +40.2% |
| 2008 | 14.45 billion BoP, current US$ | +19.1% |
| 2009 | 11.41 billion BoP, current US$ | -21.1% |
| 2010 | 12.86 billion BoP, current US$ | +12.7% |
| 2011 | 16.49 billion BoP, current US$ | +28.2% |
| 2012 | 17.29 billion BoP, current US$ | +4.8% |
| 2013 | 18.22 billion BoP, current US$ | +5.4% |
| 2014 | 19.22 billion BoP, current US$ | +5.5% |
| 2015 | 16.49 billion BoP, current US$ | -14.2% |
| 2016 | 16.78 billion BoP, current US$ | +1.8% |
| 2017 | 18.89 billion BoP, current US$ | +12.6% |
| 2018 | 21.21 billion BoP, current US$ | +12.3% |
| 2019 | 20.70 billion BoP, current US$ | -2.4% |
| 2020 | 20.96 billion BoP, current US$ | +1.3% |
| 2021 | 25.46 billion BoP, current US$ | +21.5% |
| 2022 | 29.36 billion BoP, current US$ | +15.3% |
| 2023 | 28.29 billion BoP, current US$ | -3.6% |
| 2024 | 28.54 billion BoP, current US$ | +0.9% |
| 2025 | 30.43 billion BoP, current US$ | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.11 billion BoP, current US$ | 1.09 billion BoP, current US$ | 2.80 billion BoP, current US$ | 8 |
| 2000s | 7.10 billion BoP, current US$ | 2.34 billion BoP, current US$ | 14.45 billion BoP, current US$ | 10 |
| 2010s | 17.82 billion BoP, current US$ | 12.86 billion BoP, current US$ | 21.21 billion BoP, current US$ | 10 |
| 2020s | 27.17 billion BoP, current US$ | 20.96 billion BoP, current US$ | 30.43 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 78 Azerbaijan 32.67 billion BoP, current US$ compare
- 79 Uzbekistan 32.30 billion BoP, current US$ compare
- 80 Angola 30.67 billion BoP, current US$ compare
- 82 Dominican Republic 30.39 billion BoP, current US$ compare
- 83 Iran, Islamic Republic of 29.73 billion BoP, current US$ compare
- 84 Malta 29.61 billion BoP, current US$ compare
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is exports of goods and services in Latvia?
- Exports of goods and services in Latvia was 30.43 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Latvia?
- The highest recorded value was 30.43 billion BoP, current US$ in 2025.
- What is the lowest exports of goods and services recorded in Latvia?
- The lowest recorded value was 1.09 billion BoP, current US$ in 1992.
- How does Latvia rank for exports of goods and services?
- Latvia ranks 81st out of 199 countries with data for 2025.
- Is exports of goods and services rising or falling in Latvia?
- Over the last ten years it is up 84.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.