Goods exports as a part of the balance of payment rose 24.3% to USD 19.1 bil in Latvia in 2021, according to the National Statistical Office.
Historically, goods exports as a part of the balance of payment in Latvia reached an all time high of USD 19.1 bil in 2021 and an all time low of USD 0.800 bil in 1992. When compared to Latvia's main peers, goods exports as a part of the balance of payment in Belarus amounted to USD 39.1 bil, USD 19.3 bil in Estonia, USD 37.4 bil in Lithuania and USD 494 bil in Russia in 2021.
Latvia has been ranked 72nd within the group of 140 countries we follow in terms of goods exports as a part of the balance of payment, 9 places above the position seen 10 years ago.
| Goods Exports (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belarus | USD bil | 26.2 | 23.1 | 28.7 | 33.4 | 32.3 | ||||||||||||||||
| China | USD bil | 2,143 | 1,990 | 2,216 | 2,417 | 2,387 | ||||||||||||||||
| Estonia | USD bil | 11.9 | 12.4 | 13.5 | 14.9 | 14.9 | ||||||||||||||||
| Finland | USD bil | 58.8 | 58.4 | 67.2 | 74.3 | 72.7 | ||||||||||||||||
| Germany | USD bil | 1,294 | 1,305 | 1,420 | 1,525 | 1,460 | ||||||||||||||||
| Japan | USD bil | 622 | 636 | 689 | 736 | 695 | ||||||||||||||||
| Latvia | USD bil | 11.6 | 11.6 | 13.2 | 14.9 | 14.3 | ||||||||||||||||
| Lithuania | USD bil | 21.8 | 21.5 | 25.8 | 29.0 | 29.0 | ||||||||||||||||
| Poland | USD bil | 190 | 196 | 228 | 256 | 261 | ||||||||||||||||
| Russia | USD bil | 341 | 282 | 353 | 444 | 420 | ||||||||||||||||
| USA | USD bil | 1,511 | 1,457 | 1,557 | 1,677 | 1,655 | ||||||||||||||||
| Ukraine | USD bil | 35.4 | 33.6 | 39.7 | 43.3 | 46.1 |
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