Wheat — Terms of trade in Latvia
Latvia: Wheat — Terms of trade was 107.56 % in 2024. ▲ Rising
Wheat — Terms of trade in Latvia, 2010–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, wheat — terms of trade in Latvia stood at 107.56 %.
The figure is down 3.9% on the previous year and down 0.6% over ten years.
Over the whole period, wheat — terms of trade in Latvia peaked at 116.35 % in 2022 and was at its lowest, 85.1 %, in 2015.
That places Latvia 30th out of 80 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 102.83 % | 85.1 % | 110.36 % | 10 |
| 2020s | 108.09 % | 101.7 % | 116.35 % | 5 |
Countries ranked near Latvia
More agriculture & rural data for Latvia
- Agriculture, forestry, and fishing, value added (current US$), annual 12.21 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0401 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,055 current US$ per person (2025)
- Rural population, annual growth rate -1.45 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.3137 units per person (2025)
- Agriculture share gdp 4.01 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 4.01 (2025)
- Agricultural raw materials exports 9.8% (2025)
- Agricultural raw materials imports 2.1% (2025)
Frequently asked questions
- What is wheat — terms of trade in Latvia?
- Wheat — terms of trade in Latvia was 107.56 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest wheat — terms of trade recorded in Latvia?
- The highest recorded value was 116.35 % in 2022.
- What is the lowest wheat — terms of trade recorded in Latvia?
- The lowest recorded value was 85.1 % in 2015.
- How does Latvia rank for wheat — terms of trade?
- Latvia ranks 30th out of 80 countries with data for 2024.
- Is wheat — terms of trade rising or falling in Latvia?
- Over the last ten years it is down 0.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Wheat — Terms of trade. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The food and agricultural trade indicators dataset is based on trade, production and gross domestic product (GDP) data. Agri-food trade data are collected, processed and disseminated by FAO according to the standard International Merchandise Trade Statistics (IMTS) Methodology. The data is mainly provided by UNSD, Eurostat, and other national authorities as needed. The source data is checked for outliers, trade partner data is used for non-reporting countries or missing cells, and data on food aid is added to take total cross-border trade flows into account. The trade database includes the following variables: export quantity, export value, import quantity, and import value. It includes all food and agricultural products imported/exported annually by all countries in the world. Production data details are available at https://www.fao.org/faostat/en/#data/QCL and GDP data details are available at https://www.fao.org/faostat/en/#data/MK