Imports of goods and services in Latvia
Latvia: Imports of goods and services was 32.67 billion BoP, current US$ in 2025. ◆ Volatile
Imports 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$.
Analysis
The most recent figure for imports of goods and services in Latvia is 32.67 billion BoP, current US$, measured in 2025. That is the highest value across all 34 years on record.
That represents a change of up 11.8% on the previous year and up 94.5% over ten years.
Over the whole period, imports of goods and services in Latvia peaked at 32.67 billion BoP, current US$ in 2025 and was at its lowest, 996.59 million BoP, current US$, in 1992.
Latvia ranks 79th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 996.59 million BoP, current US$ | — |
| 1993 | 1.26 billion BoP, current US$ | +26.0% |
| 1994 | 1.62 billion BoP, current US$ | +28.9% |
| 1995 | 2.19 billion BoP, current US$ | +35.5% |
| 1996 | 2.82 billion BoP, current US$ | +28.6% |
| 1997 | 3.07 billion BoP, current US$ | +8.7% |
| 1998 | 3.63 billion BoP, current US$ | +18.4% |
| 1999 | 3.34 billion BoP, current US$ | -8.0% |
| 2000 | 2.78 billion BoP, current US$ | -16.8% |
| 2001 | 3.19 billion BoP, current US$ | +14.8% |
| 2002 | 3.68 billion BoP, current US$ | +15.2% |
| 2003 | 5.21 billion BoP, current US$ | +41.7% |
| 2004 | 7.50 billion BoP, current US$ | +44.0% |
| 2005 | 9.71 billion BoP, current US$ | +29.5% |
| 2006 | 13.11 billion BoP, current US$ | +35.0% |
| 2007 | 17.85 billion BoP, current US$ | +36.2% |
| 2008 | 18.72 billion BoP, current US$ | +4.9% |
| 2009 | 11.70 billion BoP, current US$ | -37.5% |
| 2010 | 13.33 billion BoP, current US$ | +14.0% |
| 2011 | 18.15 billion BoP, current US$ | +36.1% |
| 2012 | 18.85 billion BoP, current US$ | +3.8% |
| 2013 | 19.58 billion BoP, current US$ | +3.9% |
| 2014 | 20.10 billion BoP, current US$ | +2.7% |
| 2015 | 16.80 billion BoP, current US$ | -16.4% |
| 2016 | 16.64 billion BoP, current US$ | -1.0% |
| 2017 | 19.02 billion BoP, current US$ | +14.3% |
| 2018 | 21.37 billion BoP, current US$ | +12.3% |
| 2019 | 20.77 billion BoP, current US$ | -2.8% |
| 2020 | 20.47 billion BoP, current US$ | -1.4% |
| 2021 | 26.68 billion BoP, current US$ | +30.4% |
| 2022 | 31.21 billion BoP, current US$ | +16.9% |
| 2023 | 29.87 billion BoP, current US$ | -4.3% |
| 2024 | 29.23 billion BoP, current US$ | -2.1% |
| 2025 | 32.67 billion BoP, current US$ | +11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.37 billion BoP, current US$ | 996.59 million BoP, current US$ | 3.63 billion BoP, current US$ | 8 |
| 2000s | 9.34 billion BoP, current US$ | 2.78 billion BoP, current US$ | 18.72 billion BoP, current US$ | 10 |
| 2010s | 18.46 billion BoP, current US$ | 13.33 billion BoP, current US$ | 21.37 billion BoP, current US$ | 10 |
| 2020s | 28.36 billion BoP, current US$ | 20.47 billion BoP, current US$ | 32.67 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 76 Libya 33.28 billion BoP, current US$ compare
- 77 Costa Rica 33.07 billion BoP, current US$ compare
- 78 Bahrain 33.04 billion BoP, current US$ compare
- 80 Ghana 32.09 billion BoP, current US$ compare
- 81 Jordan 30.45 billion BoP, current US$ compare
- 82 Azerbaijan 27.95 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 imports of goods and services in Latvia?
- Imports of goods and services in Latvia was 32.67 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Latvia?
- The highest recorded value was 32.67 billion BoP, current US$ in 2025.
- What is the lowest imports of goods and services recorded in Latvia?
- The lowest recorded value was 996.59 million BoP, current US$ in 1992.
- How does Latvia rank for imports of goods and services?
- Latvia ranks 79th out of 199 countries with data for 2025.
- Is imports of goods and services rising or falling in Latvia?
- Over the last ten years it is up 94.5%. 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 Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.