Value of imported goods and services in Latvia
Latvia: Value of imported goods and services was 25.44 billion in 2025. ▲ Rising
Latest (2025)
25.44 billion
Change on year
up 5.7%
World rank
84th
of 170 countries
All-time high
25.80 billion
in 2022
All-time low
4.49 billion
in 1995
Years of data
31
1995–2025
Value of imported goods and services in Latvia, 1995–2025
Source: Our World in Data.
Analysis
In 2025, value of imported goods and services in Latvia stood at 25.44 billion.
The figure is up 5.7% on the previous year and up 51.4% over ten years.
Over the whole period, value of imported goods and services in Latvia peaked at 25.80 billion in 2022 and was at its lowest, 4.49 billion, in 1995.
Latvia ranks 84th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Value of imported goods and services in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 4.49 billion | — |
| 1996 | 5.70 billion | +26.7% |
| 1997 | 5.95 billion | +4.5% |
| 1998 | 6.95 billion | +16.8% |
| 1999 | 6.59 billion | -5.2% |
| 2000 | 6.77 billion | +2.8% |
| 2001 | 7.83 billion | +15.6% |
| 2002 | 8.04 billion | +2.7% |
| 2003 | 8.99 billion | +11.8% |
| 2004 | 10.84 billion | +20.6% |
| 2005 | 12.68 billion | +17.0% |
| 2006 | 15.44 billion | +21.8% |
| 2007 | 18.13 billion | +17.4% |
| 2008 | 16.09 billion | -11.2% |
| 2009 | 11.12 billion | -30.9% |
| 2010 | 12.54 billion | +12.7% |
| 2011 | 15.37 billion | +22.6% |
| 2012 | 16.17 billion | +5.2% |
| 2013 | 16.15 billion | -0.1% |
| 2014 | 16.64 billion | +3.0% |
| 2015 | 16.80 billion | +1.0% |
| 2016 | 17.51 billion | +4.2% |
| 2017 | 19.01 billion | +8.6% |
| 2018 | 20.21 billion | +6.3% |
| 2019 | 20.62 billion | +2.0% |
| 2020 | 20.39 billion | -1.1% |
| 2021 | 23.48 billion | +15.1% |
| 2022 | 25.80 billion | +9.9% |
| 2023 | 24.50 billion | -5.0% |
| 2024 | 24.07 billion | -1.8% |
| 2025 | 25.44 billion | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.94 billion | 4.49 billion | 6.95 billion | 5 |
| 2000s | 11.59 billion | 6.77 billion | 18.13 billion | 10 |
| 2010s | 17.10 billion | 12.54 billion | 20.62 billion | 10 |
| 2020s | 23.95 billion | 20.39 billion | 25.80 billion | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Net primary income (Net income from abroad) (current LCU), annual 8.43 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.94 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1306 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,437 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 8.19 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1156 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3,041 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
Frequently asked questions
- What is value of imported goods and services in Latvia?
- Value of imported goods and services in Latvia was 25.44 billion in 2025, according to Our World in Data.
- What is the highest value of imported goods and services recorded in Latvia?
- The highest recorded value was 25.80 billion in 2022.
- What is the lowest value of imported goods and services recorded in Latvia?
- The lowest recorded value was 4.49 billion in 1995.
- How does Latvia rank for value of imported goods and services?
- Latvia ranks 84th out of 170 countries with data for 2025.
- Is value of imported goods and services rising or falling in Latvia?
- Over the last ten years it is up 51.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Value of imported goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).