Latvia Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Latvia's trade openness was 142.38% in 2025, ranked 37th globally. This represents a 7.6% increase from 2024. Data from World Bank, covering 1995–2025.
Overview
Latvia's trade openness stood at 142.38% in 2025, a rise of +10.11% from 2024. Based on recent trends, this figure is projected to reach 142.38% by 2025. Latvia ranked 37th globally.
Latvia’s trade openness has risen markedly since the mid‑1990s, climbing from a trough of 76.25 in 1995 to an all‑time peak of 159.89 in 2022, before slipping slightly to 142.38 in 2025, which places the country 37th globally. This trajectory reflects a broad liberalisation of the Latvian economy after the collapse of the Soviet system, with export‑led growth and integration into the European Union driving the expansion of both imports and exports relative to GDP. The 2025 figure is comparable to the openness of Denmark (143.62) and only marginally above Lesotho (142.25), underscoring Latvia’s position among highly open economies despite its modest size. The modest decline from the 2022 peak may be linked to global supply‑chain disruptions and regional geopolitical tensions that have constrained trade volumes. Continued alignment with EU trade policies and diversification of export markets are likely to sustain a high level of openness, although any resurgence of external shocks could again temper the upward trend.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 145.50% | - | - |
| 2026* trend | 143.94% | - | - |
| 2025* trend | 142.38% | - | - |
| 2025 | 142.38% | +10.11% | #37 |
| 2024 | 132.26% | −3.38% | #129 |
| 2023 | 135.64% | −24.25% | #143 |
| 2022 | 159.89% | +23.10% | #156 |
| 2021 | 136.80% | +12.91% | #151 |
| 2020 | 123.88% | −1.41% | #158 |
| 2019 | 125.29% | −2.94% | #150 |
| 2018 | 128.23% | −0.48% | #150 |
| 2017 | 128.71% | +5.38% | #152 |
| 2016 | 123.33% | −3.05% | #150 |
| 2015 | 126.38% | −3.66% | #151 |
| 2014 | 130.04% | +0.37% | #149 |
| 2013 | 129.68% | −3.53% | #146 |
| 2012 | 133.21% | +3.48% | #149 |
| 2011 | 129.73% | +18.87% | #146 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw trade openness improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's trade openness was 142.38% in 2025. Ranked 37th globally. This represents a 7.6% increase from the previous year.
Latvia's trade openness peaked at 159.89% in 2022.
The lowest trade openness in Latvia was 76.25% in 1995.
Latvia ranks 37th globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Latvia's trade openness is projected to reach 142.38% by 2025 based on trend extrapolation.
The trade openness of Latvia in 2025 was 142.38%. This ranks 37th in the world.
Cite this page
@misc{historysaid_latvia_trade-openness,
title = {Latvia Trade Openness},
url = {https://historysaid.com/latvia/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}