Latvia - Trade Openness 2021
136.80%
+12.91% from 2020
Latvia's trade openness was 136.80% in 2021, increased +12.91% from 123.88% in 2020. This was the 151st highest globally.
Global Ranking - 2021▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 4.13% | -58.5% |
| 2nd | United States | 25.61% | 9.4% |
| 3rd | Pakistan | 27.03% | 1.2% |
| 4th | Bangladesh | 27.72% | 5.5% |
| 5th | Egypt, Arab Republic of | 29.86% | -7.1% |
| 6th | Tanzania | 29.92% | 7.0% |
| 7th | Turkmenistan | 33.06% | -8.0% |
| 8th | Argentina | 33.08% | 9.5% |
| 9th | Kenya | 35.00% | 15.1% |
| 10th | China | 36.52% | 7.3% |
| 11th | Cameroon | 36.73% | 8.9% |
| 12th | Japan | 36.74% | 17.2% |
| 13th | Niger | 37.02% | 4.2% |
| 14th | Haiti | 37.05% | -1.0% |
| 15th | Brazil | 37.66% | 16.6% |
| 16th | Colombia | 40.06% | 17.6% |
| 17th | Australia | 40.20% | -9.7% |
| 18th | Indonesia | 40.20% | 21.9% |
| 19th | Sri Lanka | 41.23% | 11.2% |
| 20th | Uganda | 41.71% | 12.7% |
| 21st | Comoros | 42.07% | 24.7% |
| 22nd | Gambia, The | 42.10% | -11.2% |
| 23rd | Sierra Leone | 42.14% | 37.7% |
| 24th | Iran, Islamic Republic of | 42.67% | -2.8% |
| 25th | Nepal | 43.05% | 5.2% |
| 26th | Chad | 43.95% | 8.1% |
| 27th | Zimbabwe | 44.11% | 9.8% |
| 28th | Central African Republic | 44.16% | -10.8% |
| 29th | Malawi | 44.60% | 8.7% |
| 30th | Guinea-Bissau | 44.81% | 4.5% |
| 31st | Côte d'Ivoire | 45.11% | 7.6% |
| 32nd | India | 45.42% | 20.3% |
| 33rd | Algeria | 46.84% | 16.0% |
| 34th | Bolivia, Plurinational State of | 47.67% | 27.1% |
| 35th | Benin | 48.05% | 7.2% |
| 36th | New Zealand | 48.54% | 10.4% |
| 37th | New Caledonia | 49.04% | -10.1% |
| 38th | Guatemala | 49.26% | 19.7% |
| 39th | Russian Federation | 50.59% | 10.0% |
| 40th | Saudi Arabia | 50.88% | 7.0% |
| 41st | Afghanistan | 51.41% | 10.1% |
| 42nd | Dominican Republic | 51.95% | 16.1% |
| 43rd | French Polynesia | 52.98% | 15.6% |
| 44th | Ecuador | 53.26% | 21.1% |
| 45th | Rwanda | 54.29% | -1.6% |
| 46th | Israel | 54.90% | 7.2% |
| 47th | Madagascar | 55.22% | 12.7% |
| 48th | Peru | 55.43% | 25.3% |
| 49th | South Africa | 56.16% | 10.6% |
| 50th | Togo | 56.38% | 2.4% |
| 51st | Mali | 56.72% | 1.2% |
| 52nd | Uzbekistan | 57.46% | 2.5% |
| 53rd | Uruguay | 58.32% | 22.2% |
| 54th | United Kingdom | 58.54% | -1.1% |
| 55th | Kazakhstan | 58.67% | 2.9% |
| 56th | Samoa | 59.77% | -22.9% |
| 57th | Vanuatu | 59.95% | -14.2% |
| 58th | Italy | 60.30% | 11.8% |
| 59th | Syrian Arab Republic | 61.22% | 36.6% |
| 60th | Iraq | 61.50% | 6.5% |
| 61st | Angola | 61.53% | 13.2% |
| 62nd | Guam | 61.84% | -2.9% |
| 63rd | Canada | 62.25% | 1.8% |
| 64th | Burkina Faso | 62.42% | 2.8% |
| 65th | Ghana | 62.71% | -5.8% |
| 66th | Philippines | 63.48% | 9.1% |
| 67th | France | 63.79% | 8.4% |
| 68th | Chile | 64.88% | 11.5% |
| 69th | Bahamas, The | 65.93% | 23.4% |
| 70th | Spain | 66.52% | 11.9% |
| 71st | Solomon Islands | 67.42% | 12.0% |
| 72nd | Tonga | 68.55% | -16.3% |
| 73rd | Senegal | 69.38% | 15.5% |
| 74th | Türkiye | 69.61% | 15.3% |
| 75th | Paraguay | 69.74% | 11.1% |
| 76th | Costa Rica | 70.78% | 17.7% |
| 77th | Norway | 71.22% | 9.0% |
| 78th | Bermuda | 71.41% | 3.2% |
| 79th | Tajikistan | 71.83% | 28.8% |
| 80th | West Bank and Gaza | 73.08% | 8.6% |
| 81st | Kiribati | 74.50% | -5.0% |
| 82nd | Korea | 75.31% | 14.9% |
| 83rd | Congo, Democratic Republic of | 75.39% | 23.5% |
| 84th | Morocco | 75.52% | 9.7% |
| 85th | Albania | 75.59% | 27.0% |
| 86th | Iceland | 76.23% | 11.0% |
| 87th | Azerbaijan | 76.29% | 5.9% |
| 88th | Equatorial Guinea | 76.97% | -1.2% |
| 89th | Cabo Verde | 77.46% | -1.2% |
| 90th | Bhutan | 77.58% | 8.0% |
| 91st | Lebanon | 78.83% | 57.2% |
| 92nd | Northern Mariana Islands | 78.88% | -0.1% |
| 93rd | Somalia, Fed. Rep. | 79.10% | 4.5% |
| 94th | Armenia | 79.25% | 13.0% |
| 95th | Finland | 79.79% | 10.5% |
| 96th | Germany | 79.92% | 9.6% |
| 97th | Cuba | 80.02% | 410.3% |
| 98th | Panama | 80.13% | 16.6% |
| 99th | Jordan | 80.33% | 21.6% |
| 100th | Palau | 81.15% | -21.5% |
| 101st | El Salvador | 81.85% | 23.2% |
| 102nd | Kuwait | 82.00% | 0.0% |
| 103rd | Ukraine | 82.70% | 4.5% |
| 104th | Mexico | 83.07% | 8.1% |
| 105th | Namibia | 83.54% | 8.6% |
| 106th | Greenland | 83.68% | 1.2% |
| 107th | Gabon | 85.35% | 21.7% |
| 108th | Congo, Republic of | 85.55% | 23.4% |
| 109th | Portugal | 85.87% | 12.2% |
| 110th | Zambia | 86.21% | 8.8% |
| 111th | Romania | 87.07% | 11.1% |
| 112th | Micronesia, Federated States of | 87.33% | 2.7% |
| 113th | Greece | 88.01% | 25.2% |
| 114th | Mauritania | 88.31% | 1.8% |
| 115th | Moldova | 88.47% | 11.6% |
| 116th | Botswana | 88.76% | 14.3% |
| 117th | Eswatini | 89.93% | 7.0% |
| 118th | Sweden | 91.11% | 7.9% |
| 119th | European Union | 91.20% | 8.8% |
| 120th | Qatar | 92.78% | 3.1% |
| 121st | Tunisia | 93.63% | 11.0% |
| 122nd | Oman | 95.95% | 4.4% |
| 123rd | Bosnia and Herzegovina | 96.74% | 17.2% |
| 124th | Puerto Rico (US) | 96.75% | -6.5% |
| 125th | Kosovo | 98.64% | 30.5% |
| 126th | Belize | 98.98% | 21.2% |
| 127th | Timor-Leste | 99.86% | 17.8% |
| 128th | Kyrgyz Republic | 100.26% | 26.9% |
| 129th | Antigua and Barbuda | 101.07% | 7.2% |
| 130th | Georgia | 101.60% | 9.4% |
| 131st | Croatia | 102.33% | 14.3% |
| 132nd | Honduras | 103.37% | 17.5% |
| 133rd | Faroe Islands | 103.49% | 7.5% |
| 134th | Montenegro | 105.72% | 20.3% |
| 135th | Nicaragua | 106.21% | 19.8% |
| 136th | Nauru | 110.80% | -17.9% |
| 137th | Poland | 110.87% | 11.7% |
| 138th | Austria | 111.03% | 11.1% |
| 139th | Mozambique | 112.08% | 12.2% |
| 140th | Denmark | 112.32% | 7.6% |
| 141st | Serbia | 112.34% | 12.0% |
| 142nd | Guinea | 115.20% | -0.5% |
| 143rd | Thailand | 117.25% | 19.9% |
| 144th | Mongolia | 119.10% | 5.5% |
| 145th | Marshall Islands | 120.06% | 11.3% |
| 146th | Bulgaria | 121.21% | 9.8% |
| 147th | Switzerland | 130.02% | 6.8% |
| 148th | Malaysia | 134.04% | 14.8% |
| 149th | Mauritius | 135.19% | 11.6% |
| 150th | Belarus | 136.01% | 14.4% |
| 151st | Latvia | 136.80% | 10.4% |
| 152nd | American Samoa | 136.80% | -11.4% |
| 153rd | Czechia | 137.38% | 6.7% |
| 154th | Lesotho | 139.19% | -1.4% |
| 155th | Aruba | 139.92% | 14.0% |
| 156th | Maldives | 142.61% | 24.7% |
| 157th | Cambodia | 146.18% | 19.7% |
| 158th | North Macedonia | 146.72% | 14.4% |
| 159th | Brunei Darussalam | 147.12% | 33.4% |
| 160th | Bahrain | 153.80% | 13.5% |
| 161st | Lithuania | 154.81% | 14.0% |
| 162nd | Hungary | 159.19% | 3.0% |
| 163rd | Estonia | 160.47% | 16.8% |
| 164th | Slovenia | 161.79% | 9.7% |
| 165th | Netherlands | 163.15% | 7.2% |
| 166th | Libya | 164.28% | 222.3% |
| 167th | Macao SAR, China | 171.32% | 38.8% |
| 168th | Cyprus | 176.83% | 10.1% |
| 169th | Belgium | 177.38% | 13.0% |
| 170th | Virgin Islands (US) | 180.30% | 58.7% |
| 171st | Slovak Republic | 181.98% | 8.6% |
| 172nd | United Arab Emirates | 182.91% | 0.9% |
| 173rd | Seychelles | 183.77% | 19.7% |
| 174th | Viet Nam | 186.68% | 14.4% |
| 175th | Malta | 220.17% | -9.2% |
| 176th | Ireland | 231.03% | -10.7% |
| 177th | Djibouti | 263.48% | 16.7% |
| 178th | Singapore | 329.16% | -0.9% |
| 179th | San Marino | 342.47% | 12.3% |
| 180th | Luxembourg | 397.51% | 5.8% |
| 181st | Hong Kong SAR, China | 402.46% | 14.8% |
FAQ
What was Latvia's trade openness in 2021?▾
Latvia's trade openness in 2021 was 136.80%. This ranked 151st globally.
How did Latvia's trade openness change in 2021?▾
Latvia's trade openness increased by 10.4% in 2021 compared to 2020.
Which country had the highest trade openness in 2021?▾
Hong Kong SAR, China had the highest trade openness in 2021 at 402.46%.
What is the trade openness of Latvia in 2021?▾
The trade openness of Latvia in 2021 was 136.80%. This ranked 151st globally.
How does 2021 compare to 2020 for Latvia's trade openness?▾
Latvia's trade openness went from 123.88% in 2020 to 136.80% in 2021, a 10.4% increase.
Related
2020
2022
All years
Full ranking 2021
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2022
Lowest: 1995
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Hungary
vs Barbados
vs Uruguay
vs Croatia
European Union Trade Openness
NATO Trade Openness
OECD Trade Openness
Global Ranking