Goods imports in Latvia
Latvia: Goods imports was 25.60 billion BoP, current US$ in 2025. ◆ Volatile
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$, in 1992.
That places Latvia 74th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.88 billion BoP, current US$ | 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
- Exports of goods and services 30.42 billion current US$ (2025)
- Final consumption expenditure 80.5% (2025)
- Industry (including construction), value added 4.4% (2025)
- Gross national expenditure 50.84 billion current US$ (2025)
- Gross national expenditure 45.00 billion current LCU (2025)
- Gross national expenditure 35.22 billion constant 2015 US$ (2025)
- Industry (including construction), value added 5.51 billion constant 2015 US$ (2025)
- Gross national expenditure 104.6% (2025)
- Exports of goods and services 62.6% (2025)
- Industry (including construction), value added 8.04 billion current LCU (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 199 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.
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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.