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Latvia - Trade Balance 2011

Name: Latvia Trade Balance 2011
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-1.6B −$1.1B from 2010 Global rank: 57th

Latvia's trade balance was $-1.6B in 2011, decreased +$1.1B from $-500.2M in 2010. This was the 57th highest globally.

Global Ranking - 2011▾

Trade Balance by Country - 2011
Rank	Country	Value	YoY
1st	United States	$-579.6B	-8.9%
2nd	India	$-119.3B	-59.9%
3rd	Türkiye	$-56.3B	-91.2%
4th	France	$-43.9B	-77.3%
5th	Japan	$-40.3B	-152.2%
6th	Italy	$-31.1B	20.7%
7th	United Kingdom	$-21.3B	45.4%
8th	Canada	$-20.5B	32.4%
9th	Brazil	$-20.1B	12.5%
10th	Greece	$-16.1B	27.3%
11th	Mexico	$-15.7B	-14.6%
12th	Morocco	$-14.2B	-41.5%
13th	Pakistan	$-12.4B	5.8%
14th	Poland	$-12.1B	-3.4%
15th	Lebanon	$-11.7B	-21.9%
16th	Romania	$-11.2B	1.6%
17th	Portugal	$-10.3B	43.6%
18th	Ukraine	$-10.1B	-155.1%
19th	Bangladesh	$-9.7B	-46.9%
20th	Egypt, Arab Republic of	$-9.7B	15.2%
21st	Syrian Arab Republic	$-8.1B	-4,167.7%
22nd	Jordan	$-7.6B	-37.7%
23rd	Kenya	$-7.2B	-55.7%
24th	Serbia	$-6.3B	-23.4%
25th	Philippines	$-6.1B	-719.4%
26th	Dominican Republic	$-6.0B	-6.8%
27th	Guatemala	$-5.1B	-17.8%
28th	Viet Nam	$-5.0B	39.6%
29th	Ghana	$-4.9B	7.6%
30th	Tanzania	$-4.5B	-65.7%
31st	Nepal	$-4.5B	-4.0%
32nd	Bosnia and Herzegovina	$-4.4B	-19.5%
33rd	El Salvador	$-4.3B	-19.3%
34th	West Bank and Gaza	$-3.9B	-0.7%
35th	Uganda	$-3.9B	-38.2%
36th	Tunisia	$-3.8B	-96.8%
37th	Honduras	$-3.5B	-22.9%
38th	Mozambique	$-3.2B	-83.7%
39th	Haiti	$-3.1B	4.6%
40th	Colombia	$-3.1B	32.2%
41st	Tajikistan	$-3.1B	-24.3%
42nd	Albania	$-2.9B	-19.4%
43rd	Moldova	$-2.8B	-25.3%
44th	Zimbabwe	$-2.8B	2.4%
45th	New Caledonia	$-2.8B	-6.1%
46th	Georgia	$-2.7B	-32.0%
47th	Senegal	$-2.7B	-32.4%
48th	Armenia	$-2.5B	-6.2%
49th	Kosovo	$-2.3B	-10.8%
50th	Mongolia	$-2.3B	-217.2%
51st	Finland	$-2.1B	-163.1%
52nd	Nicaragua	$-2.1B	-25.2%
53rd	Guam	$-2.0B	-7.9%
54th	North Macedonia	$-2.0B	-15.5%
55th	Niger	$-1.7B	-12.3%
56th	Kyrgyz Republic	$-1.7B	-16.3%
57th	Latvia	$-1.6B	-225.7%
58th	Cambodia	$-1.6B	-21.0%
59th	Congo, Democratic Republic of	$-1.6B	13.3%
60th	Botswana	$-1.6B	-21.2%
61st	Costa Rica	$-1.6B	-126.4%
62nd	Mauritius	$-1.5B	-32.5%
63rd	Greenland	$-1.5B	-38.1%
64th	Israel	$-1.5B	-142.9%
65th	Guinea	$-1.4B	-59.7%
66th	Sudan	$-1.4B	-207.2%
67th	Lesotho	$-1.4B	4.7%
68th	Namibia	$-1.4B	-5.8%
69th	Uzbekistan	$-1.4B	-306.9%
70th	Bahamas, The	$-1.4B	-53.1%
71st	Timor-Leste	$-1.3B	-29.0%
72nd	Madagascar	$-1.3B	9.5%
73rd	French Polynesia	$-1.2B	5.4%
74th	Sierra Leone	$-1.2B	-243.3%
75th	Belgium	$-1.2B	-116.3%
76th	Lithuania	$-1.2B	-57.2%
77th	Mali	$-1.1B	19.5%
78th	Croatia	$-1.1B	-9.3%
79th	Cyprus	$-1.0B	51.7%
80th	Rwanda	$-991.3M	-2.5%
81st	Montenegro	$-985.7M	6.3%
82nd	Panama	$-969.7M	40.6%
83rd	Lao PDR	$-963.6M	3.2%
84th	Cameroon	$-938.1M	-36.4%
85th	Togo	$-799.4M	-48.4%
86th	Curaçao	$-789.7M	18.6%
87th	Yemen, Republic of	$-778.4M	42.7%
88th	Belarus	$-644.5M	91.5%
89th	Burkina Faso	$-616.9M	24.1%
90th	Benin	$-590.0M	-17.0%
91st	Bhutan	$-533.0M	-18.9%
92nd	Cabo Verde	$-507.8M	-11.4%
93rd	Aruba	$-394.0M	-6.8%
94th	Eritrea	$-228.9M	41.7%
95th	American Samoa	$-228.0M	-28.8%
96th	Comoros	$-205.5M	-11.7%
97th	Uruguay	$-202.7M	-149.0%
98th	Central African Republic	$-200.4M	16.3%
99th	Tonga	$-192.0M	-14.2%
100th	Samoa	$-184.6M	-17.3%
101st	Micronesia, Federated States of	$-179.0M	-2.9%
102nd	Seychelles	$-149.9M	1.0%
103rd	Northern Mariana Islands	$-132.0M	-88.6%
104th	Kiribati	$-131.5M	-27.0%
105th	Gambia, The	$-125.8M	30.2%
106th	Guinea-Bissau	$-116.0M	32.4%
107th	Marshall Islands	$-87.4M	25.3%
108th	Solomon Islands	$-73.9M	68.2%
109th	Palau	$-65.2M	-16.5%
110th	Vanuatu	$-44.6M	-4.0%
111th	Faroe Islands	$-24.5M	71.9%
112th	Nauru	$-3.9M	-323.9%
113th	Virgin Islands (US)	$58.0M	-89.1%
114th	Slovak Republic	$87.8M	110.2%
115th	Bulgaria	$91.3M	105.7%
116th	Belize	$119.6M	7.0%
117th	Mauritania	$127.2M	216.4%
118th	Malta	$279.5M	202.6%
119th	Slovenia	$631.6M	22.9%
120th	Paraguay	$670.3M	-18.6%
121st	Iceland	$1.2B	-12.3%
122nd	Chad	$1.3B	79.5%
123rd	Estonia	$1.4B	7.7%
124th	Bolivia, Plurinational State of	$1.4B	1.3%
125th	Ecuador	$1.7B	415.1%
126th	Bermuda	$1.8B	1.5%
127th	Zambia	$1.9B	4.4%
128th	Côte d'Ivoire	$2.1B	1,396.1%
129th	Cuba	$2.2B	-22.4%
130th	Turkmenistan	$2.5B	318.5%
131st	New Zealand	$2.6B	-22.5%
132nd	South Africa	$3.5B	-28.1%
133rd	Congo, Republic of	$3.5B	107.4%
134th	Spain	$3.9B	126.6%
135th	South Sudan	$5.8B	24.5%
136th	Gabon	$6.0B	59.7%
137th	Libya	$6.4B	-75.4%
138th	Bahrain	$7.1B	48.5%
139th	Chile	$7.3B	-44.9%
140th	Brunei Darussalam	$7.3B	35.2%
141st	Thailand	$7.5B	-61.3%
142nd	Equatorial Guinea	$7.6B	74.6%
143rd	Hungary	$8.0B	29.6%
144th	Peru	$8.6B	46.8%
145th	Czechia	$8.7B	35.8%
146th	Argentina	$9.0B	-26.9%
147th	Hong Kong SAR, China	$9.6B	-28.8%
148th	Korea	$11.5B	-61.6%
149th	Austria	$12.0B	-12.3%
150th	Australia	$14.3B	234.1%
151st	Luxembourg	$18.7B	4.6%
152nd	Puerto Rico (US)	$19.6B	-5.9%
153rd	Oman	$20.3B	43.2%
154th	Denmark	$21.2B	-3.2%
155th	Macao SAR, China	$21.3B	37.3%
156th	Algeria	$21.3B	84.7%
157th	Azerbaijan	$21.3B	19.9%
158th	Indonesia	$22.1B	54.3%
159th	Angola	$24.1B	50.3%
160th	Sweden	$25.3B	10.2%
161st	Iraq	$31.0B	318.8%
162nd	Kazakhstan	$38.2B	79.6%
163rd	Ireland	$44.6B	21.4%
164th	Malaysia	$46.4B	14.3%
165th	Switzerland	$52.6B	-8.7%
166th	Iran, Islamic Republic of	$54.4B	122.1%
167th	Norway	$68.8B	32.3%
168th	Kuwait	$72.9B	73.9%
169th	Singapore	$77.0B	22.0%
170th	Qatar	$78.0B	61.7%
171st	Netherlands	$78.5B	8.4%
172nd	United Arab Emirates	$99.9B	67.3%
173rd	Russian Federation	$165.2B	34.2%
174th	Saudi Arabia	$178.2B	103.4%
175th	China	$180.9B	-18.7%
176th	Germany	$185.6B	4.9%

FAQ

What was Latvia's trade balance in 2011?▾

Latvia's trade balance in 2011 was $-1.6B. This ranked 57th globally.

How did Latvia's trade balance change in 2011?▾

Latvia's trade balance decreased by 225.7% in 2011 compared to 2010.

Which country had the highest trade balance in 2011?▾

Germany had the highest trade balance in 2011 at $185.6B.

What is the trade balance of Latvia in 2011?▾

The trade balance of Latvia in 2011 was $-1.6B. This ranked 57th globally.

How does 2011 compare to 2010 for Latvia's trade balance?▾

Latvia's trade balance went from $-500.2M in 2010 to $-1.6B in 2011, a 225.7% decrease.

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