Imports of goods and services, Volume, Cost insurance freight (CIF) in Latvia
Latvia: Imports of goods and services, Volume, Cost insurance freight (CIF) was 3.2 in 2031. ◆ Volatile
Imports of goods and services, Volume, Cost insurance freight (CIF) in Latvia, 1993–2031
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, volume, cost insurance freight (cif) in Latvia is 3.2, measured in 2031.
The figure is down 78.9% over ten years.
Over the whole period, imports of goods and services, volume, cost insurance freight (cif) in Latvia peaked at 38.11 in 1993 and was at its lowest, -30.89, in 2009.
Latvia ranks 14th of 26 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services, Volume, Cost insurance freight (CIF) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 38.11 | — |
| 1994 | 13.16 | -65.5% |
| 1995 | 24.86 | +89.0% |
| 1996 | 33.51 | +34.8% |
| 1997 | 8.96 | -73.2% |
| 1998 | 20.36 | +127.1% |
| 1999 | -5.35 | -126.3% |
| 2000 | 2.67 | -150.0% |
| 2001 | 15.57 | +482.0% |
| 2002 | 2.7 | -82.7% |
| 2003 | 11.79 | +336.4% |
| 2004 | 20.63 | +75.1% |
| 2005 | 16.97 | -17.7% |
| 2006 | 21.77 | +28.2% |
| 2007 | 17.42 | -20.0% |
| 2008 | -11.22 | -164.4% |
| 2009 | -30.89 | +175.2% |
| 2010 | 12.74 | -141.2% |
| 2011 | 22.58 | +77.2% |
| 2012 | 5.22 | -76.9% |
| 2013 | -0.1273 | -102.4% |
| 2014 | 3 | -2455.0% |
| 2015 | 1.01 | -66.2% |
| 2016 | 4.19 | +313.4% |
| 2017 | 8.56 | +104.4% |
| 2018 | 6.33 | -26.1% |
| 2019 | 2.03 | -68.0% |
| 2020 | -1.12 | -155.4% |
| 2021 | 15.14 | -1448.4% |
| 2022 | 9.91 | -34.5% |
| 2023 | -5.04 | -150.9% |
| 2024 | -1.77 | -64.9% |
| 2025 | 5.72 | -423.0% |
| 2026 | 3.1 | -45.8% |
| 2027 | 3.2 | +3.2% |
| 2028 | 3.2 | +0.0% |
| 2029 | 3.1 | -3.1% |
| 2030 | 3.2 | +3.2% |
| 2031 | 3.2 | +0.0% |
Latvia compared with similar countries
- Latvia's 3.2 is above the median for high income countries, which is 3.2, 1.0× the median. (13 countries reporting)
- Latvia's 3.2 is above the median for Europe & Central Asia, which is 3.14, 1.0× the median. (7 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services, Volume, Cost insurance freight (CIF) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +2455.0% | -0.1273 | 3 |
| 2021 | +1448.4% | -1.12 | 15.14 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.09 | -5.35 | 38.11 | 7 |
| 2000s | 6.74 | -30.89 | 21.77 | 10 |
| 2010s | 6.55 | -0.1273 | 22.58 | 10 |
| 2020s | 3.54 | -5.04 | 15.14 | 10 |
| 2030s | 3.2 | 3.2 | 3.2 | 2 |
Countries ranked near Latvia
- 11 Hong Kong, China 3.35 compare
- 12 Poland 3.34 compare
- 13 Korea 3.25 compare
- 15 Brunei Darussalam 3.15 compare
- 16 Lithuania 3.14 compare
- 17 Iran, Islamic Republic of 3.08 compare
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services, volume, cost insurance freight (cif) in Latvia?
- Imports of goods and services, volume, cost insurance freight (cif) in Latvia was 3.2 in 2031, according to International Monetary Fund.
- What is the highest imports of goods and services, volume, cost insurance freight (cif) recorded in Latvia?
- The highest recorded value was 38.11 in 1993.
- What is the lowest imports of goods and services, volume, cost insurance freight (cif) recorded in Latvia?
- The lowest recorded value was -30.89 in 2009.
- How does Latvia rank for imports of goods and services, volume, cost insurance freight (cif)?
- Latvia ranks 14th out of 26 countries with data for 2031.
- Is imports of goods and services, volume, cost insurance freight (cif) rising or falling in Latvia?
- Over the last ten years it is down 78.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.