Exports of goods and services, Volume, Free on board (FOB), Percent in Latvia
Latvia: Exports of goods and services, Volume, Free on board (FOB), Percent was 2.8 in 2031. ◆ Volatile
Exports of goods and services, Volume, Free on board (FOB), Percent in Latvia, 1993–2031
Source: International Monetary Fund.
Analysis
Latvia recorded 2.8 for exports of goods and services, volume, free on board (fob), percent in 2031.
The figure is down 3.4% on the previous year and down 69.2% over ten years.
Over the whole period, exports of goods and services, volume, free on board (fob), percent in Latvia peaked at 44.96 in 1993 and was at its lowest, -12.95, in 2009.
Latvia ranks 19th of 26 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.
Exports of goods and services, Volume, Free on board (FOB), Percent in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 44.96 | — |
| 1994 | -1.79 | -104.0% |
| 1995 | 9.12 | -609.1% |
| 1996 | 26.28 | +188.1% |
| 1997 | 13.49 | -48.6% |
| 1998 | 8.42 | -37.6% |
| 1999 | -6.58 | -178.1% |
| 2000 | 14.42 | -319.2% |
| 2001 | 8.67 | -39.8% |
| 2002 | 4.93 | -43.2% |
| 2003 | 4.11 | -16.5% |
| 2004 | 13.89 | +237.8% |
| 2005 | 23.68 | +70.5% |
| 2006 | 7.45 | -68.5% |
| 2007 | 13.92 | +86.8% |
| 2008 | 2.41 | -82.7% |
| 2009 | -12.95 | -638.2% |
| 2010 | 13.62 | -205.1% |
| 2011 | 12.46 | -8.5% |
| 2012 | 9.49 | -23.9% |
| 2013 | 0.6593 | -93.0% |
| 2014 | 6.56 | +895.1% |
| 2015 | 3.06 | -53.4% |
| 2016 | 3.89 | +27.4% |
| 2017 | 6.46 | +65.8% |
| 2018 | 4.36 | -32.4% |
| 2019 | -0.5702 | -113.1% |
| 2020 | -0.2976 | -47.8% |
| 2021 | 9.09 | -3155.1% |
| 2022 | 11.42 | +25.6% |
| 2023 | -7.02 | -161.5% |
| 2024 | 0.1078 | -101.5% |
| 2025 | 0.1165 | +8.1% |
| 2026 | 2.2 | +1789.1% |
| 2027 | 2.5 | +13.6% |
| 2028 | 2.5 | +0.0% |
| 2029 | 2.5 | +0.0% |
| 2030 | 2.9 | +16.0% |
| 2031 | 2.8 | -3.4% |
Latvia compared with similar countries
- Latvia's 2.8 is below the median for high income countries, which is 3.01, 93% of the median. (13 countries reporting)
- Latvia's 2.8 is below the median for Europe & Central Asia, which is 3.09, 90% of the median. (7 countries reporting)
Biggest year-on-year movements
Years where Exports of goods and services, Volume, Free on board (FOB), Percent in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +3155.1% | -0.2976 | 9.09 |
| 2026 | +1789.1% | 0.1165 | 2.2 |
| 2014 | +895.1% | 0.6593 | 6.56 |
| 2009 | -638.2% | 2.41 | -12.95 |
| 1995 | +609.1% | -1.79 | 9.12 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.41 | -6.58 | 44.96 | 7 |
| 2000s | 8.05 | -12.95 | 23.68 | 10 |
| 2010s | 6 | -0.5702 | 13.62 | 10 |
| 2020s | 2.31 | -7.02 | 11.42 | 10 |
| 2030s | 2.85 | 2.8 | 2.9 | 2 |
Countries ranked near Latvia
- 16 Thailand 3.09 compare
- 17 Saudi Arabia 3.01 compare
- 18 Korea 2.88 compare
- 20 Spain 2.4 compare
- 21 Brunei Darussalam 2.24 compare
- 22 Chinese Taipei 1.61 compare
More trade data for Latvia
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.53 (2024)
- Imports of low carbon technology products, US dollar (World), per 356.69 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0151 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 467.61 million (2024)
Frequently asked questions
- What is exports of goods and services, volume, free on board (fob), percent in Latvia?
- Exports of goods and services, volume, free on board (fob), percent in Latvia was 2.8 in 2031, according to International Monetary Fund.
- What is the highest exports of goods and services, volume, free on board (fob), percent recorded in Latvia?
- The highest recorded value was 44.96 in 1993.
- What is the lowest exports of goods and services, volume, free on board (fob), percent recorded in Latvia?
- The lowest recorded value was -12.95 in 2009.
- How does Latvia rank for exports of goods and services, volume, free on board (fob), percent?
- Latvia ranks 19th out of 26 countries with data for 2031.
- Is exports of goods and services, volume, free on board (fob), percent rising or falling in Latvia?
- Over the last ten years it is down 69.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Exports of goods and services, Volume, Free on board (FOB), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.