Goods imports as a part of balance payment rose 30.6% to USD 22.4 bil in Latvia in 2021, according to the National Statistical Office.
Historically, goods imports as a part of balance payment in Latvia reached an all time high of USD 22.4 bil in 2021 and an all time low of USD 0.840 bil in 1992. When compared to Latvia's main peers, goods imports as a part of balance payment in Belarus amounted to USD 39.8 bil, USD 20.9 bil in Estonia, USD 40.8 bil in Lithuania and USD 304 bil in Russia in 2021.
Latvia has been ranked 72nd within the group of 140 countries we follow in terms of goods imports as a part of balance payment, 5 places above the position seen 10 years ago.
| Goods Imports (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 | 28.3 | 25.6 | 31.7 | 35.9 | 36.5 | ||||||||||||||||
| China | USD bil | 1,567 | 1,501 | 1,740 | 2,037 | 1,994 | ||||||||||||||||
| Estonia | USD bil | 12.8 | 13.3 | 14.6 | 16.3 | 15.9 | ||||||||||||||||
| Finland | USD bil | 56.7 | 58.3 | 65.5 | 74.0 | 70.1 | ||||||||||||||||
| Germany | USD bil | 1,019 | 1,025 | 1,132 | 1,261 | 1,219 | ||||||||||||||||
| Japan | USD bil | 629 | 585 | 645 | 725 | 694 | ||||||||||||||||
| Latvia | USD bil | 14.3 | 13.9 | 15.9 | 17.8 | 17.2 | ||||||||||||||||
| Lithuania | USD bil | 24.2 | 23.6 | 28.1 | 32.3 | 31.7 | ||||||||||||||||
| Poland | USD bil | 189 | 194 | 229 | 264 | 259 | ||||||||||||||||
| Russia | USD bil | 193 | 191 | 238 | 249 | 254 | ||||||||||||||||
| USA | USD bil | 2,273 | 2,207 | 2,356 | 2,556 | 2,512 | ||||||||||||||||
| Ukraine | USD bil | 38.9 | 40.5 | 49.4 | 56.1 | 60.4 |
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