Foreign value added in exports by country of origin and exporting in Latvia
Latvia: Foreign value added in exports by country of origin and exporting was 5.41 million Thousand euro in 2024. ▲ Rising
Latest (2024)
5.41 million Thousand euro
Change on year
up 1.6%
World rank
32nd
of 35 countries
All-time high
6.24 million Thousand euro
in 2022
All-time low
1.92 million Thousand euro
in 2010
Years of data
15
2010–2024
Foreign value added in exports by country of origin and exporting in Latvia, 2010–2024
Source: Eurostat. Measured in Thousand euro.
Analysis
The most recent figure for foreign value added in exports by country of origin and exporting in Latvia is 5.41 million Thousand euro, measured in 2024.
Compared with earlier readings it is up 1.6% on the previous year and up 89.7% over ten years.
Over the whole period, foreign value added in exports by country of origin and exporting in Latvia peaked at 6.24 million Thousand euro in 2022 and was at its lowest, 1.92 million Thousand euro, in 2010.
That places Latvia 32nd out of 35 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Foreign value added in exports by country of origin and exporting in Latvia, year by year
| Year | Thousand euro | Change |
|---|---|---|
| 2010 | 1.92 million Thousand euro | — |
| 2011 | 2.53 million Thousand euro | +31.8% |
| 2012 | 2.96 million Thousand euro | +16.9% |
| 2013 | 2.87 million Thousand euro | -2.7% |
| 2014 | 2.85 million Thousand euro | -0.8% |
| 2015 | 2.84 million Thousand euro | -0.4% |
| 2016 | 2.77 million Thousand euro | -2.6% |
| 2017 | 3.18 million Thousand euro | +15.1% |
| 2018 | 3.52 million Thousand euro | +10.5% |
| 2019 | 3.57 million Thousand euro | +1.6% |
| 2020 | 3.40 million Thousand euro | -4.9% |
| 2021 | 4.40 million Thousand euro | +29.5% |
| 2022 | 6.24 million Thousand euro | +41.7% |
| 2023 | 5.33 million Thousand euro | -14.6% |
| 2024 | 5.41 million Thousand euro | +1.6% |
Latvia compared with similar countries
- Latvia's 5.41 million Thousand euro is below the median for Europe & Central Asia, which is 71.51 million Thousand euro, 8% of the median. (26 countries reporting)
- Latvia's 5.41 million Thousand euro is below the median for high income countries, which is 69.22 million Thousand euro, 8% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.90 million Thousand euro | 1.92 million Thousand euro | 3.57 million Thousand euro | 10 |
| 2020s | 4.96 million Thousand euro | 3.40 million Thousand euro | 6.24 million Thousand euro | 5 |
Countries ranked near Latvia
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 foreign value added in exports by country of origin and exporting in Latvia?
- Foreign value added in exports by country of origin and exporting in Latvia was 5.41 million Thousand euro in 2024, according to Eurostat.
- What is the highest foreign value added in exports by country of origin and exporting recorded in Latvia?
- The highest recorded value was 6.24 million Thousand euro in 2022.
- What is the lowest foreign value added in exports by country of origin and exporting recorded in Latvia?
- The lowest recorded value was 1.92 million Thousand euro in 2010.
- How does Latvia rank for foreign value added in exports by country of origin and exporting?
- Latvia ranks 32nd out of 35 countries with data for 2024.
- Is foreign value added in exports by country of origin and exporting rising or falling in Latvia?
- Over the last ten years it is up 89.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Foreign value added in exports by country of origin and exporting country - EU country perspective (FIGARO application). Statizoid updates them automatically from the source API.
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