How does Latvia rank globally on Merchandise exports by the reporting economy (current US$)?

In 2023, Latvia ranked #71 out of 205 countries reporting Merchandise exports by the reporting economy (current US$).

How does Latvia's Merchandise exports by the reporting economy (current US$) compare to the world average?

The global average for Merchandise exports by the reporting economy (current US$) in 2023 was $111.31 billion, so Latvia is below the world average. Within Europe & Central Asia, it ranks #33 of 53.

Latvia: Merchandise exports by the reporting economy (current US$)

Name: Latvia: Merchandise exports by the reporting economy (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2023, Latvia's Merchandise exports by the reporting economy (current US$) was $22.56 billion.

That's down 6.1% from 2022, the highest value since 2022.

The global average for this indicator in 2023 was $111.31 billion . Latvia ranks #71 globally out of 205 reporting countries. Within Europe & Central Asia, it ranks #33 of 53.

Source: World Bank Open Data (TX.VAL.MRCH.WL.CD) • Data as of 2023

Trend (2004–2023)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins
2004 · EU enlargement (10 new members)

Highlights

Peak: $24.02B; 2022
Trough: $3.87B; 2004
1-year change: -6.1%
5-year change: +40.3%; +7.0% / yr
10-year change: +57.4%; +4.6% / yr

Historical Data — Last 10 Years

Year	Merchandise exports by the reporting economy (current US$)
2023	22.564B
2022	24.022B
2021	20.787B
2020	16.304B
2019	15.636B
2018	16.085B
2017	14.060B
2016	12.245B
2015	12.239B
2014	14.627B

About Merchandise exports by the reporting economy (current US$)

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

Indicator code: TX.VAL.MRCH.WL.CD • Category: Trade & Finance

Frequently asked questions

What was Latvia's Merchandise exports by the reporting economy (current US$) in 2023?: In 2023, Latvia's Merchandise exports by the reporting economy (current US$) was $22.56 billion, according to World Bank Open Data.
Is Latvia's Merchandise exports by the reporting economy (current US$) rising or falling?: Latvia's Merchandise exports by the reporting economy (current US$) fell 6.1% from 2022 to 2023.
How does Latvia rank globally on Merchandise exports by the reporting economy (current US$)?: In 2023, Latvia ranked #71 out of 205 countries reporting Merchandise exports by the reporting economy (current US$).
How does Latvia's Merchandise exports by the reporting economy (current US$) compare to the world average?: The global average for Merchandise exports by the reporting economy (current US$) in 2023 was $111.31 billion, so Latvia is below the world average. Within Europe & Central Asia, it ranks #33 of 53.
What is Merchandise exports by the reporting economy (current US$) and how is it measured?: Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

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Source: World Bank Open Data (TX.VAL.MRCH.WL.CD), CC BY 4.0.