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Latvia - Trade Balance 2022

Name: Latvia Trade Balance 2022
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-1.9B −$646.3M from 2021 Global rank: 69th

Latvia's trade balance was $-1.9B in 2022, decreased +$646.3M from $-1.2B in 2021. This was the 69th highest globally.

Global Ranking - 2022▾

Trade Balance by Country - 2022
Rank	Country	Value	YoY
1st	United States	$-958.9B	-11.5%
2nd	Japan	$-158.6B	-505.1%
3rd	India	$-119.5B	-43.8%
4th	France	$-76.3B	-112.2%
5th	Philippines	$-63.3B	-34.1%
6th	Pakistan	$-44.8B	-44.0%
7th	Mexico	$-43.0B	-69.3%
8th	Italy	$-38.3B	-186.0%
9th	Bangladesh	$-36.9B	-38.5%
10th	United Kingdom	$-34.2B	-2,748.1%
11th	Türkiye	$-33.5B	-900.0%
12th	Egypt, Arab Republic of	$-32.5B	12.5%
13th	Ukraine	$-26.7B	-913.0%
14th	Colombia	$-25.9B	-6.3%
15th	Greece	$-21.1B	-28.7%
16th	Romania	$-20.4B	-26.2%
17th	Guatemala	$-15.8B	-30.7%
18th	Morocco	$-15.1B	-14.7%
19th	Uzbekistan	$-14.7B	-28.0%
20th	Nepal	$-14.6B	-20.9%
21st	Belgium	$-13.8B	-223.5%
22nd	New Zealand	$-13.4B	-34.8%
23rd	Chile	$-12.0B	-327.2%
24th	Dominican Republic	$-11.7B	-38.9%
25th	Thailand	$-10.5B	-1,442.2%
26th	Hungary	$-9.7B	-1,345.0%
27th	Kenya	$-9.6B	0.7%
28th	Lebanon	$-9.5B	-53.3%
29th	Jordan	$-9.3B	1.9%
30th	Honduras	$-8.7B	-26.1%
31st	West Bank and Gaza	$-8.7B	-25.5%
32nd	El Salvador	$-7.6B	-7.7%
33rd	Senegal	$-7.3B	-31.6%
34th	Serbia	$-7.0B	-37.6%
35th	Slovak Republic	$-6.9B	-1,148.4%
36th	Mozambique	$-6.7B	-32.6%
37th	Portugal	$-6.2B	13.3%
38th	Tunisia	$-6.0B	-27.4%
39th	Somalia, Fed. Rep.	$-5.7B	-27.4%
40th	Finland	$-5.6B	-3,598.1%
41st	Afghanistan	$-5.2B	-61.6%
42nd	Syrian Arab Republic	$-5.2B	-19.9%
43rd	Kyrgyz Republic	$-5.0B	-88.3%
44th	Uganda	$-4.8B	-15.9%
45th	Croatia	$-4.5B	-139.2%
46th	Haiti	$-4.5B	6.5%
47th	Moldova	$-4.3B	-15.8%
48th	Guam	$-3.9B	-11.7%
49th	Tajikistan	$-3.5B	-67.2%
50th	Austria	$-3.4B	-181.6%
51st	Bosnia and Herzegovina	$-3.3B	-27.0%
52nd	Tanzania	$-3.2B	-167.3%
53rd	Zimbabwe	$-3.1B	-64.7%
54th	Côte d'Ivoire	$-3.1B	-709.3%
55th	Kosovo	$-3.1B	-2.3%
56th	Congo, Democratic Republic of	$-2.9B	-1,933.1%
57th	North Macedonia	$-2.9B	-29.3%
58th	Sri Lanka	$-2.6B	59.6%
59th	Malawi	$-2.6B	-9.6%
60th	Nicaragua	$-2.4B	-28.6%
61st	Georgia	$-2.4B	20.6%
62nd	Namibia	$-2.3B	5.3%
63rd	Rwanda	$-2.2B	-27.3%
64th	Mauritania	$-2.2B	-171.9%
65th	Mali	$-2.1B	5.3%
66th	Paraguay	$-2.1B	-526.1%
67th	Albania	$-2.0B	18.4%
68th	New Caledonia	$-1.9B	9.2%
69th	Latvia	$-1.9B	-53.3%
70th	Mauritius	$-1.8B	-10.9%
71st	Lithuania	$-1.5B	-149.8%
72nd	French Polynesia	$-1.5B	6.9%
73rd	Madagascar	$-1.4B	-11.8%
74th	Montenegro	$-1.4B	-25.4%
75th	Cameroon	$-1.2B	29.9%
76th	Lesotho	$-1.2B	-2.8%
77th	Mongolia	$-1.1B	-248.0%
78th	Bhutan	$-1.0B	-88.6%
79th	Togo	$-999.2M	-15.7%
80th	Bolivia, Plurinational State of	$-987.1M	-266.8%
81st	Burkina Faso	$-946.8M	-251.4%
82nd	Sierra Leone	$-818.4M	-3.4%
83rd	Guinea	$-662.6M	-40.7%
84th	Gambia, The	$-608.1M	-4.6%
85th	Cambodia	$-583.7M	-8.8%
86th	Ghana	$-582.0M	71.8%
87th	Northern Mariana Islands	$-533.0M	12.8%
88th	Virgin Islands (US)	$-509.0M	-4,341.7%
89th	Central African Republic	$-491.6M	-10.3%
90th	Benin	$-479.4M	56.4%
91st	Vanuatu	$-472.1M	-21.6%
92nd	Cabo Verde	$-441.0M	27.8%
93rd	Greenland	$-371.5M	27.6%
94th	Samoa	$-336.9M	-6.4%
95th	Estonia	$-316.2M	31.5%
96th	Guinea-Bissau	$-303.3M	-63.3%
97th	Comoros	$-299.4M	-5.9%
98th	Solomon Islands	$-272.4M	-22.2%
99th	Tonga	$-270.5M	-12.3%
100th	American Samoa	$-268.0M	26.0%
101st	Kiribati	$-249.7M	-30.7%
102nd	Bahamas, The	$-231.4M	80.8%
103rd	Micronesia, Federated States of	$-201.0M	-9.2%
104th	Macao SAR, China	$-195.7M	-105.1%
105th	Seychelles	$-193.4M	44.0%
106th	Palau	$-180.1M	-15.0%
107th	Eswatini	$-170.0M	-400.6%
108th	Antigua and Barbuda	$-154.1M	-34.5%
109th	Armenia	$-143.8M	86.9%
110th	Marshall Islands	$-125.2M	-70.5%
111th	Nauru	$-91.0M	-5.5%
112th	Belize	$-76.4M	17.7%
113th	Ecuador	$-35.2M	-103.8%
114th	Faroe Islands	$-4.1M	-123.7%
115th	Niger	$0	100.0%
116th	Aruba	$32.5M	123.2%
117th	Korea	$82.3M	-99.9%
118th	Iceland	$126.7M	132.2%
119th	Maldives	$191.4M	-62.0%
120th	Sudan	$229.1M	79.9%
121st	Botswana	$299.8M	132.4%
122nd	Timor-Leste	$436.5M	-55.7%
123rd	San Marino	$446.1M	-8.1%
124th	Djibouti	$577.7M	-22.5%
125th	Peru	$902.4M	-86.9%
126th	Bulgaria	$1.0B	-51.9%
127th	Cyprus	$1.1B	-21.5%
128th	Slovenia	$1.2B	-65.6%
129th	Costa Rica	$1.8B	75.2%
130th	Panama	$2.0B	-5.0%
131st	Bermuda	$2.0B	12.5%
132nd	Malta	$2.2B	-35.0%
133rd	Czechia	$2.4B	-77.5%
134th	Chad	$2.8B	89.8%
135th	Zambia	$3.2B	-19.7%
136th	Equatorial Guinea	$3.3B	103.4%
137th	Uruguay	$4.0B	-13.6%
138th	Brunei Darussalam	$4.3B	132.6%
139th	Belarus	$4.5B	13.9%
140th	Congo, Republic of	$4.7B	56.2%
141st	Turkmenistan	$5.2B	59.8%
142nd	Argentina	$6.2B	-58.1%
143rd	Puerto Rico (US)	$7.6B	-41.2%
144th	South Africa	$8.7B	-66.7%
145th	Brazil	$8.7B	-7.5%
146th	Sweden	$8.7B	-64.3%
147th	Gabon	$8.8B	24.0%
148th	Iran, Islamic Republic of	$9.4B	68.2%
149th	Israel	$11.2B	-17.0%
150th	Bahrain	$11.5B	50.4%
151st	Poland	$11.7B	-46.9%
152nd	Libya	$12.0B	71.2%
153rd	Canada	$12.5B	496.2%
154th	Spain	$12.7B	-12.1%
155th	Hong Kong SAR, China	$14.7B	-28.6%
156th	Viet Nam	$15.2B	305.9%
157th	Angola	$19.9B	43.7%
158th	Oman	$22.8B	143.8%
159th	Algeria	$23.4B	24,261.8%
160th	Azerbaijan	$26.0B	184.1%
161st	Luxembourg	$26.2B	-10.0%
162nd	Malaysia	$29.3B	8.5%
163rd	Kazakhstan	$33.4B	96.4%
164th	Denmark	$38.1B	53.8%
165th	Indonesia	$46.7B	49.8%
166th	Kuwait	$55.0B	72.9%
167th	Iraq	$58.3B	111.6%
168th	Qatar	$87.2B	96.6%
169th	Australia	$88.7B	49.4%
170th	Netherlands	$91.9B	-10.6%
171st	United Arab Emirates	$93.9B	21.0%
172nd	Germany	$103.8B	-53.4%
173rd	Switzerland	$114.2B	14.6%
174th	Norway	$169.3B	126.5%
175th	Saudi Arabia	$187.7B	157.1%
176th	Singapore	$203.0B	28.2%
177th	Ireland	$226.2B	2.1%
178th	Russian Federation	$290.1B	68.4%
179th	China	$577.8B	25.4%

FAQ

What was Latvia's trade balance in 2022?▾

Latvia's trade balance in 2022 was $-1.9B. This ranked 69th globally.

How did Latvia's trade balance change in 2022?▾

Latvia's trade balance decreased by 53.3% in 2022 compared to 2021.

Which country had the highest trade balance in 2022?▾

China had the highest trade balance in 2022 at $577.8B.

What is the trade balance of Latvia in 2022?▾

The trade balance of Latvia in 2022 was $-1.9B. This ranked 69th globally.

How does 2022 compare to 2021 for Latvia's trade balance?▾

Latvia's trade balance went from $-1.2B in 2021 to $-1.9B in 2022, a 53.3% decrease.

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