Latvia’s digital trade expanded significantly, with ICT services exports reaching 16.9% of services trade and digitally deliverable services accounting for 44.9% in 2024.
- Latvia’s ICT goods exports reached $1.5 billion in 2024, declining 11.3% from 2023, compared with a long-term average of $0.8 billion since 2000. || Source: CEIC Data
+ As for ICT goods imports, they represented 7.3% of total trade in 2024, increasing 11.6% from 2000 levels, remaining above the European average of 7.1%. || Source: UNCTAD - Latvia’s ICT services exports represented 16.9% of total services exports in 2024, increasing 4-fold from 2000, exceeding the European average of 15.6%. || Source: UNCTAD
+ Meanwhile, ICT services imports represented 8.7% of total services imports in 2024, increasing 1.5-fold from 2005, below the 2018 peak of 10.7%, compared with Estonia’s 16.5%. - Furthermore, digitally deliverable services exports represented 44.9% of total services exports in 2024, increasing by 46% from 2010, but remaining below the European average of 60.8%.
