Imports Merchandise, Customs, current US$, millions in Latvia

Latvia: Imports Merchandise, Customs, current US$, millions was 23,474 in 2024. ◆ Volatile

Latest (2024)
23,474
Change on year
down 4.4%
World rank
76th
of 118 countries
All-time high
27,102
in 2022
All-time low
1,594
in 1994
Years of data
31
1994–2024

Imports Merchandise, Customs, current US$, millions in Latvia, 1994–2024

010.0k20.0k30.0k1994200920241994: 1.6k1995: 1.8k1996: 2.3k1997: 2.5k1998: 3.0k1999: 2.6k2000: 2.5k2001: 2.8k2002: 3.4k2003: 4.8k2004: 6.7k2005: 8.6k2006: 11.4k2007: 15.2k2008: 15.8k2009: 9.3k2010: 11.1k2011: 15.3k2012: 16.1k2013: 16.8k2014: 17.1k2015: 14.0k2016: 13.7k2017: 15.8k2018: 17.7k2019: 17.1k2020: 17.1k2021: 22.4k2022: 27.1k2023: 24.6k2024: 23.5k

Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.

Analysis

In 2024, imports merchandise, customs, current us$, millions in Latvia stood at 23,474.

That represents a change of down 4.4% on the previous year and up 37.0% over ten years.

Over the whole period, imports merchandise, customs, current us$, millions in Latvia peaked at 27,102 in 2022 and was at its lowest, 1,594, in 1994.

That places Latvia 76th out of 118 countries with data for 2024, 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

DecadeAverage LowestHighest Years
1990s 2,311 1,594 2,983 6
2000s 8,064 2,531 15,792 10
2010s 15,483 11,142 17,699 10
2020s 22,913 17,058 27,102 5

Countries ranked near Latvia

  1. 73 Lebanon 24,835 compare
  2. 74 Kenya 23,920 compare
  3. 75 Costa Rica 23,652 compare
  4. 77 Ecuador 23,173 compare
  5. 78 Estonia 22,450 compare
  6. 79 Sri Lanka 18,841 compare

See the full ranking of 128 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is imports merchandise, customs, current us$, millions in Latvia?
Imports merchandise, customs, current us$, millions in Latvia was 23,474 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
What is the highest imports merchandise, customs, current us$, millions recorded in Latvia?
The highest recorded value was 27,102 in 2022.
What is the lowest imports merchandise, customs, current us$, millions recorded in Latvia?
The lowest recorded value was 1,594 in 1994.
How does Latvia rank for imports merchandise, customs, current us$, millions?
Latvia ranks 76th out of 118 countries with data for 2024.
Is imports merchandise, customs, current us$, millions rising or falling in Latvia?
Over the last ten years it is up 37.0%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Imports Merchandise, Customs, current US$, millions. Statizoid updates them automatically from the source API.

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About this data

Indicator
Imports Merchandise, Customs, current US$, millions
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
128 places, 3,909 data points, 1991–2024
Last refreshed

Merchandise (goods) imports, cost, insurance and freight basis (c.i.f.), in current US$ millions, not seasonally adjusted.