Latvia: Port cargo turnover down almost 20% in 2023: ministry

The cargo turnover of Latvian ports totalled 38.655mn tonnes in 2023, which was down 19.6% from 48.078mn tonnes in 2022, according to data from the Ministry of Transport, Baltic News Network reports. The ministry attributed the decline to changes in the geopolitical situation, particularly the sanctions against Russia. The volume of bulk cargo handled at ports amounted to 21.062mn tonnes (down 17.7%), general cargo to 13.06mn tonnes (down 6%), container cargo to 5.123mn tonnes (up 7.4%), and liquid cargo to 4.532mn tonnes (down 47.2%). The Freeport of Riga handled 18.794mn tonnes of cargo in 2023, which was 20.1% less than in 2022. The Freeport of Ventspils came in second with 10.418mn tonnes (down 29.3%) and the Port of Liepaja third with 7.232mn tonnes (down 4.9%). Latvia’s small sea ports handled a total of 2.21mn tonnes of freight in 2023, which was 0.3% more than a year earlier.