Net trade in goods in Latvia
Latvia: Net trade in goods was -4.49 billion BoP, current US$ in 2025. ◆ Volatile
Net trade in goods in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net trade in goods in Latvia stood at -4.49 billion BoP, current US$.
The figure is down 37.9% on the previous year and down 72.9% over ten years.
Over the whole period, net trade in goods in Latvia peaked at 3.08 million BoP, current US$ in 1993 and was at its lowest, -7.27 billion BoP, current US$, in 2007.
Latvia ranks 146th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -637.32 million BoP, current US$ | -1.22 billion BoP, current US$ | 3.08 million BoP, current US$ | 8 |
| 2000s | -3.31 billion BoP, current US$ | -7.27 billion BoP, current US$ | -884.48 million BoP, current US$ | 10 |
| 2010s | -3.03 billion BoP, current US$ | -3.69 billion BoP, current US$ | -2.18 billion BoP, current US$ | 10 |
| 2020s | -3.51 billion BoP, current US$ | -4.49 billion BoP, current US$ | -1.77 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 143 Mauritius -3.98 billion BoP, current US$ compare
- 144 Jamaica -4.20 billion BoP, current US$ compare
- 145 Montenegro -4.24 billion BoP, current US$ compare
- 147 Palestine -4.83 billion BoP, current US$ compare
- 148 Tanzania -5.07 billion BoP, current US$ compare
- 149 Afghanistan -5.10 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 5.60 billion constant LCU (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 4.4% (2025)
- Gross national expenditure 104.6% (2025)
- Gross fixed capital formation 11.41 billion current US$ (2025)
- Exports of goods and services 62.6% (2025)
Frequently asked questions
- What is net trade in goods in Latvia?
- Net trade in goods in Latvia was -4.49 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Latvia?
- The highest recorded value was 3.08 million BoP, current US$ in 1993.
- What is the lowest net trade in goods recorded in Latvia?
- The lowest recorded value was -7.27 billion BoP, current US$ in 2007.
- How does Latvia rank for net trade in goods?
- Latvia ranks 146th out of 199 countries with data for 2025.
- Is net trade in goods rising or falling in Latvia?
- Over the last ten years it is down 72.9%. 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 Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.