Goods imports in Latvia
Latvia: Goods imports was 25.60 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
25.60 billion BoP, current US$
Change on year
up 9.5%
World rank
74th
of 200 countries
All-time high
26.07 billion BoP, current US$
in 2022
All-time low
840.18 million BoP, current US$
in 1992
Years of data
34
1992–2025
Goods imports in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latvia recorded 25.60 billion BoP, current US$ for goods imports in 2025.
That represents a change of up 9.5% on the previous year and up 80.5% over ten years.
Over the whole period, goods imports in Latvia peaked at 26.07 billion BoP, current US$ in 2022 and was at its lowest, 840.18 million BoP, current US$, in 1992.
That places Latvia 74th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 840.18 million BoP, current US$ | — |
| 1993 | 1.05 billion BoP, current US$ | +25.1% |
| 1994 | 1.32 billion BoP, current US$ | +25.8% |
| 1995 | 1.95 billion BoP, current US$ | +47.3% |
| 1996 | 2.07 billion BoP, current US$ | +6.5% |
| 1997 | 2.40 billion BoP, current US$ | +15.7% |
| 1998 | 2.81 billion BoP, current US$ | +16.9% |
| 1999 | 2.63 billion BoP, current US$ | -6.3% |
| 2000 | 2.20 billion BoP, current US$ | -16.2% |
| 2001 | 2.62 billion BoP, current US$ | +18.9% |
| 2002 | 3.06 billion BoP, current US$ | +16.7% |
| 2003 | 4.31 billion BoP, current US$ | +40.8% |
| 2004 | 6.32 billion BoP, current US$ | +46.8% |
| 2005 | 8.11 billion BoP, current US$ | +28.2% |
| 2006 | 11.06 billion BoP, current US$ | +36.5% |
| 2007 | 15.03 billion BoP, current US$ | +35.9% |
| 2008 | 15.40 billion BoP, current US$ | +2.4% |
| 2009 | 9.29 billion BoP, current US$ | -39.6% |
| 2010 | 11.02 billion BoP, current US$ | +18.5% |
| 2011 | 15.37 billion BoP, current US$ | +39.6% |
| 2012 | 16.09 billion BoP, current US$ | +4.6% |
| 2013 | 16.75 billion BoP, current US$ | +4.1% |
| 2014 | 17.28 billion BoP, current US$ | +3.2% |
| 2015 | 14.18 billion BoP, current US$ | -17.9% |
| 2016 | 13.90 billion BoP, current US$ | -2.0% |
| 2017 | 15.94 billion BoP, current US$ | +14.7% |
| 2018 | 17.81 billion BoP, current US$ | +11.7% |
| 2019 | 17.22 billion BoP, current US$ | -3.3% |
| 2020 | 17.17 billion BoP, current US$ | -0.3% |
| 2021 | 22.43 billion BoP, current US$ | +30.6% |
| 2022 | 26.07 billion BoP, current US$ | +16.3% |
| 2023 | 24.12 billion BoP, current US$ | -7.5% |
| 2024 | 23.37 billion BoP, current US$ | -3.1% |
| 2025 | 25.60 billion BoP, current US$ | +9.5% |
Latvia compared with similar countries
- Latvia's 25.60 billion BoP, current US$ is below the median for high income countries, which is 45.20 billion BoP, current US$, 57% of the median. (72 countries reporting)
- Latvia's 25.60 billion BoP, current US$ is below the median for Europe & Central Asia, which is 58.51 billion BoP, current US$, 44% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.88 billion BoP, current US$ | 840.18 million BoP, current US$ | 2.81 billion BoP, current US$ | 8 |
| 2000s | 7.74 billion BoP, current US$ | 2.20 billion BoP, current US$ | 15.40 billion BoP, current US$ | 10 |
| 2010s | 15.56 billion BoP, current US$ | 11.02 billion BoP, current US$ | 17.81 billion BoP, current US$ | 10 |
| 2020s | 23.13 billion BoP, current US$ | 17.17 billion BoP, current US$ | 26.07 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 71 Dominican Republic 29.79 billion BoP, current US$ compare
- 72 Guatemala 29.13 billion BoP, current US$ compare
- 73 Panama 28.19 billion BoP, current US$ compare
- 75 Costa Rica 24.44 billion BoP, current US$ compare
- 76 Estonia 24.37 billion BoP, current US$ compare
- 77 Jordan 23.95 billion BoP, current US$ compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is goods imports in Latvia?
- Goods imports in Latvia was 25.60 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 imports recorded in Latvia?
- The highest recorded value was 26.07 billion BoP, current US$ in 2022.
- What is the lowest goods imports recorded in Latvia?
- The lowest recorded value was 840.18 million BoP, current US$ in 1992.
- How does Latvia rank for goods imports?
- Latvia ranks 74th out of 200 countries with data for 2025.
- Is goods imports rising or falling in Latvia?
- Over the last ten years it is up 80.5%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, 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.