# Latvia Import Demand Profile: Data, Sectors & Suppliers | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.

Explore import demand for Latvia with OECD trade data: sectors, suppliers, economy context, and trade history.

Canonical: https://www.yugalinks.com/trade/country-import/LVA

## Latvia import demand overview

In 2024, Latvia recorded $23.9B in reported imports. Wood and wood articles was the largest displayed import sector by value.

## Country snapshot

| Measure | Value |
| --- | ---: |
| Latest imports | $23.9B |
| Import growth | -6.1% |
| Population | 1.9M |
| GDP per capita | $23.4K |
| Trade openness | 110.9% |

## Import sectors

| Rank | HS2 | Sector | Imports | Share | Import partners | Active HS6 |
| ---: | --- | --- | ---: | ---: | ---: | ---: |
| 1 | 44 | Wood and wood articles | $667.9M | 2.8% | 75 | 103 |
| 2 | 85 | Electrical machinery | $2.4B | 9.9% | 106 | 261 |
| 3 | 27 | Mineral fuels | $3.0B | 12.6% | 59 | 43 |
| 4 | 84 | Machinery | $1.9B | 8.1% | 95 | 515 |
| 5 | 87 | Vehicles | $1.9B | 8% | 78 | 87 |
| 6 | 22 | Beverages | $914.5M | 3.8% | 88 | 24 |
| 7 | 10 | Cereals | $188.0M | 0.8% | 38 | 26 |
| 8 | 30 | Pharmaceutical products | $1.0B | 4.3% | 70 | 40 |
| 9 | 73 | Articles of iron or steel | $499.0M | 2.1% | 71 | 124 |
| 10 | 04 | Dairy produce and eggs | $345.7M | 1.4% | 47 | 32 |

## Import history

| Year | Imports | Exports | Balance |
| ---: | ---: | ---: | ---: |
| 1995 | $2.7B | $2.2B | -$500.5M |
| 1996 | $3.2B | $2.7B | -$553.1M |
| 1997 | $4.0B | $2.9B | -$1.1B |
| 1998 | $3.9B | $2.6B | -$1.3B |
| 1999 | $3.9B | $2.4B | -$1.5B |
| 2000 | $4.4B | $2.6B | -$1.8B |
| 2001 | $4.4B | $2.6B | -$1.8B |
| 2002 | $4.7B | $2.8B | -$1.9B |
| 2003 | $6.3B | $3.5B | -$2.8B |
| 2004 | $7.8B | $5.0B | -$2.8B |
| 2005 | $9.0B | $6.1B | -$2.9B |
| 2006 | $12.7B | $7.4B | -$5.3B |
| 2007 | $17.4B | $9.1B | -$8.3B |
| 2008 | $21.1B | $10.4B | -$10.7B |
| 2009 | $13.1B | $7.7B | -$5.3B |
| 2010 | $15.9B | $9.0B | -$6.9B |
| 2011 | $22.2B | $12.4B | -$9.8B |
| 2012 | $24.0B | $12.3B | -$11.7B |
| 2013 | $25.4B | $13.0B | -$12.4B |
| 2014 | $27.3B | $14.2B | -$13.1B |
| 2015 | $19.7B | $11.7B | -$8.0B |
| 2016 | $18.0B | $11.6B | -$6.4B |
| 2017 | $19.7B | $12.9B | -$6.8B |
| 2018 | $21.5B | $15.4B | -$6.1B |
| 2019 | $20.9B | $14.3B | -$6.6B |
| 2020 | $18.8B | $14.8B | -$4.0B |
| 2021 | $24.4B | $18.2B | -$6.2B |
| 2022 | $27.8B | $22.0B | -$5.7B |
| 2023 | $25.5B | $19.8B | -$5.7B |
| 2024 | $23.9B | $18.6B | -$5.3B |

## Data coverage

- Country: **Latvia (LVA)**
- Coverage: **1995-2024**
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.