Imports of goods, services and primary income in Latvia
Latvia: Imports of goods, services and primary income was 36.29 billion BoP, current US$ in 2025. ◆ Volatile
Imports of goods, services and primary income in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, imports of goods, services and primary income in Latvia stood at 36.29 billion BoP, current US$. That is the highest value across all 34 years on record.
The figure is up 8.7% on the previous year and up 96.9% over ten years.
Over the whole period, imports of goods, services and primary income in Latvia peaked at 36.29 billion BoP, current US$ in 2025 and was at its lowest, 997.62 million BoP, current US$, in 1992.
That places Latvia 81st out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods, services and primary income in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 997.62 million BoP, current US$ | — |
| 1993 | 1.27 billion BoP, current US$ | +26.9% |
| 1994 | 1.66 billion BoP, current US$ | +31.2% |
| 1995 | 2.25 billion BoP, current US$ | +35.2% |
| 1996 | 2.92 billion BoP, current US$ | +30.0% |
| 1997 | 3.19 billion BoP, current US$ | +9.2% |
| 1998 | 3.78 billion BoP, current US$ | +18.7% |
| 1999 | 3.55 billion BoP, current US$ | -6.1% |
| 2000 | 2.93 billion BoP, current US$ | -17.4% |
| 2001 | 3.36 billion BoP, current US$ | +14.6% |
| 2002 | 3.86 billion BoP, current US$ | +14.9% |
| 2003 | 5.55 billion BoP, current US$ | +43.7% |
| 2004 | 8.26 billion BoP, current US$ | +48.7% |
| 2005 | 10.72 billion BoP, current US$ | +29.8% |
| 2006 | 14.84 billion BoP, current US$ | +38.5% |
| 2007 | 20.51 billion BoP, current US$ | +38.2% |
| 2008 | 21.46 billion BoP, current US$ | +4.6% |
| 2009 | 11.54 billion BoP, current US$ | -46.2% |
| 2010 | 14.39 billion BoP, current US$ | +24.7% |
| 2011 | 19.74 billion BoP, current US$ | +37.2% |
| 2012 | 20.63 billion BoP, current US$ | +4.5% |
| 2013 | 21.33 billion BoP, current US$ | +3.4% |
| 2014 | 21.78 billion BoP, current US$ | +2.1% |
| 2015 | 18.43 billion BoP, current US$ | -15.4% |
| 2016 | 18.27 billion BoP, current US$ | -0.9% |
| 2017 | 20.85 billion BoP, current US$ | +14.1% |
| 2018 | 23.69 billion BoP, current US$ | +13.6% |
| 2019 | 22.87 billion BoP, current US$ | -3.4% |
| 2020 | 21.98 billion BoP, current US$ | -3.9% |
| 2021 | 29.16 billion BoP, current US$ | +32.7% |
| 2022 | 33.91 billion BoP, current US$ | +16.3% |
| 2023 | 33.83 billion BoP, current US$ | -0.2% |
| 2024 | 33.38 billion BoP, current US$ | -1.3% |
| 2025 | 36.29 billion BoP, current US$ | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.45 billion BoP, current US$ | 997.62 million BoP, current US$ | 3.78 billion BoP, current US$ | 8 |
| 2000s | 10.30 billion BoP, current US$ | 2.93 billion BoP, current US$ | 21.46 billion BoP, current US$ | 10 |
| 2010s | 20.20 billion BoP, current US$ | 14.39 billion BoP, current US$ | 23.69 billion BoP, current US$ | 10 |
| 2020s | 31.43 billion BoP, current US$ | 21.98 billion BoP, current US$ | 36.29 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 78 Guatemala 39.67 billion BoP, current US$ compare
- 79 Macau, China 39.18 billion BoP, current US$ compare
- 80 Ghana 37.97 billion BoP, current US$ compare
- 82 Libya 35.13 billion BoP, current US$ compare
- 83 Jordan 33.78 billion BoP, current US$ compare
- 84 Venezuela, Bolivarian Republic of 33.34 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 imports of goods, services and primary income in Latvia?
- Imports of goods, services and primary income in Latvia was 36.29 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, services and primary income recorded in Latvia?
- The highest recorded value was 36.29 billion BoP, current US$ in 2025.
- What is the lowest imports of goods, services and primary income recorded in Latvia?
- The lowest recorded value was 997.62 million BoP, current US$ in 1992.
- How does Latvia rank for imports of goods, services and primary income?
- Latvia ranks 81st out of 200 countries with data for 2025.
- Is imports of goods, services and primary income rising or falling in Latvia?
- Over the last ten years it is up 96.9%. 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, services and primary income (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. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.