Goods exports (BoP, current US$) in Latvia
Latvia: Goods exports (BoP, current US$) was 20.59 billion BoP, current US$ in 2025. ◆ Volatile
Goods exports in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latvia recorded 20.59 billion BoP, current US$ for goods exports in 2025.
Compared with earlier readings it is up 7.5% on the previous year and up 77.8% over ten years.
Over the whole period, goods exports in Latvia peaked at 21.08 billion BoP, current US$ in 2022 and was at its lowest, 799.87 million BoP, current US$, in 1992.
That places Latvia 81st out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods exports (BoP, current US$) in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 799.87 million BoP, current US$ | — |
| 1993 | 1.05 billion BoP, current US$ | +31.8% |
| 1994 | 1.02 billion BoP, current US$ | -3.1% |
| 1995 | 1.37 billion BoP, current US$ | +33.8% |
| 1996 | 1.22 billion BoP, current US$ | -10.7% |
| 1997 | 1.45 billion BoP, current US$ | +18.5% |
| 1998 | 1.59 billion BoP, current US$ | +10.0% |
| 1999 | 1.47 billion BoP, current US$ | -7.5% |
| 2000 | 1.32 billion BoP, current US$ | -10.3% |
| 2001 | 1.47 billion BoP, current US$ | +11.1% |
| 2002 | 1.72 billion BoP, current US$ | +17.0% |
| 2003 | 2.20 billion BoP, current US$ | +28.2% |
| 2004 | 3.36 billion BoP, current US$ | +52.5% |
| 2005 | 4.80 billion BoP, current US$ | +43.1% |
| 2006 | 5.62 billion BoP, current US$ | +17.0% |
| 2007 | 7.76 billion BoP, current US$ | +38.1% |
| 2008 | 9.08 billion BoP, current US$ | +17.0% |
| 2009 | 7.02 billion BoP, current US$ | -22.7% |
| 2010 | 8.83 billion BoP, current US$ | +25.8% |
| 2011 | 11.68 billion BoP, current US$ | +32.3% |
| 2012 | 12.49 billion BoP, current US$ | +6.9% |
| 2013 | 13.08 billion BoP, current US$ | +4.7% |
| 2014 | 13.70 billion BoP, current US$ | +4.7% |
| 2015 | 11.58 billion BoP, current US$ | -15.4% |
| 2016 | 11.61 billion BoP, current US$ | +0.2% |
| 2017 | 13.13 billion BoP, current US$ | +13.1% |
| 2018 | 14.19 billion BoP, current US$ | +8.1% |
| 2019 | 13.68 billion BoP, current US$ | -3.6% |
| 2020 | 14.78 billion BoP, current US$ | +8.0% |
| 2021 | 18.46 billion BoP, current US$ | +24.9% |
| 2022 | 21.08 billion BoP, current US$ | +14.2% |
| 2023 | 19.28 billion BoP, current US$ | -8.5% |
| 2024 | 19.15 billion BoP, current US$ | -0.7% |
| 2025 | 20.59 billion BoP, current US$ | +7.5% |
Latvia compared with similar countries
- Latvia's 20.59 billion BoP, current US$ is below the median for high income countries, which is 47.85 billion BoP, current US$, 43% of the median. (72 countries reporting)
- Latvia's 20.59 billion BoP, current US$ is below the median for Europe & Central Asia, which is 47.75 billion BoP, current US$, 43% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.25 billion BoP, current US$ | 799.87 million BoP, current US$ | 1.59 billion BoP, current US$ | 8 |
| 2000s | 4.44 billion BoP, current US$ | 1.32 billion BoP, current US$ | 9.08 billion BoP, current US$ | 10 |
| 2010s | 12.40 billion BoP, current US$ | 8.83 billion BoP, current US$ | 14.19 billion BoP, current US$ | 10 |
| 2020s | 18.89 billion BoP, current US$ | 14.78 billion BoP, current US$ | 21.08 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 78 Uzbekistan 23.02 billion BoP, current US$ compare
- 79 Estonia 21.22 billion BoP, current US$ compare
- 80 Cote d'Ivoire 20.80 billion BoP, current US$ compare
- 82 Panama 18.61 billion BoP, current US$ compare
- 83 Uruguay 16.11 billion BoP, current US$ compare
- 84 Paraguay 15.75 billion BoP, current US$ compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is goods exports in Latvia?
- Goods exports in Latvia was 20.59 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods exports recorded in Latvia?
- The highest recorded value was 21.08 billion BoP, current US$ in 2022.
- What is the lowest goods exports recorded in Latvia?
- The lowest recorded value was 799.87 million BoP, current US$ in 1992.
- How does Latvia rank for goods exports?
- Latvia ranks 81st out of 200 countries with data for 2025.
- Is goods exports rising or falling in Latvia?
- Over the last ten years it is up 77.8%. 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 Goods exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods occur when there are 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. 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.