Imports of goods and services (current LCU) in Latvia
Latvia: Imports of goods and services (current LCU) was 28.89 billion current LCU in 2025. ◆ Volatile
Imports of goods and services in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, imports of goods and services in Latvia stood at 28.89 billion current LCU.
That represents a change of up 7.0% on the previous year and up 90.8% over ten years.
Over the whole period, imports of goods and services in Latvia peaked at 29.73 billion current LCU in 2022 and was at its lowest, 1.60 billion current LCU, in 1995.
That places Latvia 154th out of 193 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 1.60 billion current LCU | — |
| 1996 | 2.31 billion current LCU | +45.0% |
| 1997 | 2.63 billion current LCU | +13.7% |
| 1998 | 3.09 billion current LCU | +17.4% |
| 1999 | 2.81 billion current LCU | -8.9% |
| 2000 | 3.07 billion current LCU | +9.3% |
| 2001 | 3.61 billion current LCU | +17.6% |
| 2002 | 3.92 billion current LCU | +8.6% |
| 2003 | 4.65 billion current LCU | +18.5% |
| 2004 | 6.02 billion current LCU | +29.4% |
| 2005 | 7.82 billion current LCU | +30.0% |
| 2006 | 10.39 billion current LCU | +32.8% |
| 2007 | 13.01 billion current LCU | +25.3% |
| 2008 | 12.73 billion current LCU | -2.1% |
| 2009 | 8.40 billion current LCU | -34.1% |
| 2010 | 10.01 billion current LCU | +19.2% |
| 2011 | 12.99 billion current LCU | +29.7% |
| 2012 | 14.64 billion current LCU | +12.7% |
| 2013 | 14.73 billion current LCU | +0.6% |
| 2014 | 15.15 billion current LCU | +2.8% |
| 2015 | 15.15 billion current LCU | -0.0% |
| 2016 | 15.04 billion current LCU | -0.7% |
| 2017 | 16.80 billion current LCU | +11.7% |
| 2018 | 18.12 billion current LCU | +7.9% |
| 2019 | 18.55 billion current LCU | +2.4% |
| 2020 | 17.89 billion current LCU | -3.6% |
| 2021 | 22.59 billion current LCU | +26.3% |
| 2022 | 29.73 billion current LCU | +31.6% |
| 2023 | 27.56 billion current LCU | -7.3% |
| 2024 | 27.01 billion current LCU | -2.0% |
| 2025 | 28.89 billion current LCU | +7.0% |
Latvia compared with similar countries
- Latvia's 28.89 billion current LCU is below the median for high income countries, which is 188.39 billion current LCU, 15% of the median. (72 countries reporting)
- Latvia's 28.89 billion current LCU is below the median for Europe & Central Asia, which is 525.48 billion current LCU, 5% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.49 billion current LCU | 1.60 billion current LCU | 3.09 billion current LCU | 5 |
| 2000s | 7.36 billion current LCU | 3.07 billion current LCU | 13.01 billion current LCU | 10 |
| 2010s | 15.12 billion current LCU | 10.01 billion current LCU | 18.55 billion current LCU | 10 |
| 2020s | 25.61 billion current LCU | 17.89 billion current LCU | 29.73 billion current LCU | 6 |
Countries ranked near Latvia
- 151 Seychelles 32.57 billion current LCU compare
- 152 Estonia 32.21 billion current LCU compare
- 153 Bosnia and Herzegovina 30.61 billion current LCU compare
- 155 Malta 24.55 billion current LCU compare
- 156 El Salvador 20.60 billion current LCU compare
- 157 Oman 20.09 billion current LCU compare
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services in Latvia?
- Imports of goods and services in Latvia was 28.89 billion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Latvia?
- The highest recorded value was 29.73 billion current LCU in 2022.
- What is the lowest imports of goods and services recorded in Latvia?
- The lowest recorded value was 1.60 billion current LCU in 1995.
- How does Latvia rank for imports of goods and services?
- Latvia ranks 154th out of 193 countries with data for 2025.
- Is imports of goods and services rising or falling in Latvia?
- Over the last ten years it is up 90.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (current LCU). 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 series is expressed in local currency units.