Latvia: Imports, billion dollars

* indicates monthly or quarterly data series
 Latvia

Imports of goods and services, billion USD

 Latest value 29.63
 Year 2023
 Measure billion U.S. dollars
 Data availability 1995 - 2023
 Average 13.95
 Min - Max 2.28 - 31.32
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2023. The average value for Latvia during that period was 13.95 billion U.S. dollars with a minimum of 2.28 billion U.S. dollars in 1995 and a maximum of 31.32 billion U.S. dollars in 2022. The latest value from 2023 is 29.63 billion U.S. dollars. For comparison, the world average in 2023 based on 138 countries is 168.93 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Imports, billion dollars - Recent values chart

Historical chart
Latvia - Imports, billion dollars - historical chart - 1995-2023




Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 104.67 2021 percent
 Trade openness 148.50 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 71.99 2022 percent
 Exports, billion dollars 27.95 2023 billion U.S. dollars
 Growth of exports 10.31 2022 percent
 Imports, percent of GDP 76.52 2022 percent
 Imports, billion dollars 29.63 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.84 2022 percent
 Foreign Direct Investment, billion dollars 1.16 2022 billion U.S. dollars
 Portfolio investment inflows, equities -11.96 2023 million dollars (current)
 Current account, percent of GDP -4.00 2023 percent
 Current account, in dollars -1.75 2023 billion U.S. dollars
 Trade balance, percent of GDP -4.53 2022 percent
 Trade balance, in dollars -1.68 2023 billion U.S. dollars
 Reserves 4.46 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 1,333.46 2022 million U.S. dollars
 Net errors and omissions 970.24 2023 million USD
 Foreign exchange reserves 4.38 9/2023 billion
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