Trade by partner country and NACE Rev. 2 activity in Latvia
Latvia: Trade by partner country and NACE Rev. 2 activity was 425,025 Thousand euro in 2024. ▲ Rising
Latest (2024)
425,025 Thousand euro
Change on year
down 9.6%
World rank
37th
of 48 countries
All-time high
470,182 Thousand euro
in 2023
All-time low
168,824 Thousand euro
in 2013
Years of data
13
2012–2024
Trade by partner country and NACE Rev. 2 activity in Latvia, 2012–2024
Source: Eurostat. Measured in Thousand euro.
Analysis
In 2024, trade by partner country and nace rev. 2 activity in Latvia stood at 425,025 Thousand euro.
The figure is down 9.6% on the previous year and up 139.9% over ten years.
Over the whole period, trade by partner country and nace rev. 2 activity in Latvia peaked at 470,182 Thousand euro in 2023 and was at its lowest, 168,824 Thousand euro, in 2013.
That places Latvia 37th out of 48 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Trade by partner country and NACE Rev. 2 activity in Latvia, year by year
| Year | Thousand euro | Change |
|---|---|---|
| 2012 | 184,821 Thousand euro | — |
| 2013 | 168,824 Thousand euro | -8.7% |
| 2014 | 177,135 Thousand euro | +4.9% |
| 2015 | 196,213 Thousand euro | +10.8% |
| 2016 | 212,457 Thousand euro | +8.3% |
| 2017 | 230,710 Thousand euro | +8.6% |
| 2018 | 205,763 Thousand euro | -10.8% |
| 2019 | 231,485 Thousand euro | +12.5% |
| 2020 | 224,958 Thousand euro | -2.8% |
| 2021 | 362,613 Thousand euro | +61.2% |
| 2022 | 456,265 Thousand euro | +25.8% |
| 2023 | 470,182 Thousand euro | +3.1% |
| 2024 | 425,025 Thousand euro | -9.6% |
Latvia compared with similar countries
- Latvia's 425,025 Thousand euro is below the median for Europe & Central Asia, which is 2.73 million Thousand euro, 16% of the median. (33 countries reporting)
- Latvia's 425,025 Thousand euro is below the median for high income countries, which is 2.75 million Thousand euro, 15% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 200,926 Thousand euro | 168,824 Thousand euro | 231,485 Thousand euro | 8 |
| 2020s | 387,809 Thousand euro | 224,958 Thousand euro | 470,182 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 trade by partner country and nace rev. 2 activity in Latvia?
- Trade by partner country and nace rev. 2 activity in Latvia was 425,025 Thousand euro in 2024, according to Eurostat.
- What is the highest trade by partner country and nace rev. 2 activity recorded in Latvia?
- The highest recorded value was 470,182 Thousand euro in 2023.
- What is the lowest trade by partner country and nace rev. 2 activity recorded in Latvia?
- The lowest recorded value was 168,824 Thousand euro in 2013.
- How does Latvia rank for trade by partner country and nace rev. 2 activity?
- Latvia ranks 37th out of 48 countries with data for 2024.
- Is trade by partner country and nace rev. 2 activity rising or falling in Latvia?
- Over the last ten years it is up 139.9%. 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 Trade by partner country and NACE Rev. 2 activity. Statizoid updates them automatically from the source API.
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