{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:07.382Z",
  "seo": {
    "title": "Belgium exports to Latvia: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Belgium to Latvia, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "importer": {
    "iso3": "LVA",
    "country_name": "Latvia"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BEL",
    "importer_iso3": "LVA",
    "all_history_lane_count": 312,
    "current_lane_count": 293,
    "current_product_count": 293,
    "first_observed_last_year": 1999,
    "latest_data_year": 2024,
    "current_trade_usd": 300044517.0179275,
    "attention_trade_usd": 57466243.19864326,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 150323972.91464868,
    "unrecovered_drawdown_trade_usd": 56687439.07868778,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 87458855.19121826,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 15,
    "high_volatility_lane_count": 162,
    "unrecovered_drawdown_lane_count": 129,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 80,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1904395767029237,
    "trade_weighted_below_peak_pct": 21.61925153483594,
    "product_concentration_hhi": 211.78046008763133,
    "top1_product_share_pct": 9.408255377349622,
    "top3_product_share_pct": 17.578642294078318,
    "top_product_hs6": "870120",
    "top_product_trade_usd": 28228954.40678187,
    "top_product_description": "Tractors: road, for semi-trailers",
    "top_attention_product_hs6": "271019",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 1456.0645751953125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 2.009065065670498,
    "avg_mfn_tariff_pct": 2.009065065670498,
    "avg_preferential_tariff_pct": 0,
    "tariff_advantage_pp": 2.009065065670498,
    "buyer_biz_entry_days": 5.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 38872.546229,
    "buyer_gdp_pc_latest": 20642,
    "buyer_population_latest": 1883.162,
    "buyer_gdp_5y_cagr_pct": 5.70625543435308,
    "buyer_gdp_pc_5y_cagr_pct": 6.2411828687114035,
    "buyer_population_5y_cagr_pct": -0.5035028977598777,
    "buyer_investment_5y_avg_pct": 28.971999999999998,
    "buyer_savings_5y_avg_pct": 22.518,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 19.15257234819248,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 38872.546229,
    "buyer_gdp_pc_2024": 20642,
    "buyer_population_2024": 1883.162
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 69441489.71013644,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 58030648.5264626,
      "yoy_growth_pct": -16.432310469295984,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 71356995.10823946,
      "yoy_growth_pct": 22.9643247493605,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 82724786.59550318,
      "yoy_growth_pct": 15.930871906840016,
      "cagr_3y_pct": 6.008057239918552
    },
    {
      "year": 2003,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 94367515.26252395,
      "yoy_growth_pct": 14.074051014419474,
      "cagr_3y_pct": 17.594867015809413
    },
    {
      "year": 2004,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 110372920.16714038,
      "yoy_growth_pct": 16.960714563788713,
      "cagr_3y_pct": 15.649029656999659
    },
    {
      "year": 2005,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 148702951.58300826,
      "yoy_growth_pct": 34.72774966705945,
      "cagr_3y_pct": 21.58910017396456
    },
    {
      "year": 2006,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 196974161.8862851,
      "yoy_growth_pct": 32.46150112651336,
      "cagr_3y_pct": 27.799429092468863
    },
    {
      "year": 2007,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 299465334.99164444,
      "yoy_growth_pct": 52.03280071044465,
      "cagr_3y_pct": 39.47445555016094
    },
    {
      "year": 2008,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 279422099.27669483,
      "yoy_growth_pct": -6.693006960391212,
      "cagr_3y_pct": 23.39959114389647
    },
    {
      "year": 2009,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 156752988.79955468,
      "yoy_growth_pct": -43.90100525143802,
      "cagr_3y_pct": -7.3307767071648104
    },
    {
      "year": 2010,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 168979254.54876348,
      "yoy_growth_pct": 7.799701838440187,
      "cagr_3y_pct": -17.365333720754094
    },
    {
      "year": 2011,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 243397259.06678256,
      "yoy_growth_pct": 44.03972825939042,
      "cagr_3y_pct": -4.496714877298635
    },
    {
      "year": 2012,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 260156946.9451913,
      "yoy_growth_pct": 6.885734022916945,
      "cagr_3y_pct": 18.396773051002025
    },
    {
      "year": 2013,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 286087219.8515345,
      "yoy_growth_pct": 9.967165286501478,
      "cagr_3y_pct": 19.18502424258264
    },
    {
      "year": 2014,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 274765340.7005871,
      "yoy_growth_pct": -3.957492109162686,
      "cagr_3y_pct": 4.123499357395732
    },
    {
      "year": 2015,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 281869217.8201091,
      "yoy_growth_pct": 2.5854342113924567,
      "cagr_3y_pct": 2.7079531541322144
    },
    {
      "year": 2016,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 278504547.4326126,
      "yoy_growth_pct": -1.1936991252602391,
      "cagr_3y_pct": -0.8914145075557323
    },
    {
      "year": 2017,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 277357778.6502487,
      "yoy_growth_pct": -0.4117594462766827,
      "cagr_3y_pct": 0.3135192999345282
    },
    {
      "year": 2018,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 290107539.7421642,
      "yoy_growth_pct": 4.596864437681081,
      "cagr_3y_pct": 0.9649083150901294
    },
    {
      "year": 2019,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 296935657.3197678,
      "yoy_growth_pct": 2.3536505061785506,
      "cagr_3y_pct": 2.1590127497710165
    },
    {
      "year": 2020,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 279752374.46171063,
      "yoy_growth_pct": -5.786870803310961,
      "cagr_3y_pct": 0.286962368161614
    },
    {
      "year": 2021,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 414233118.88130766,
      "yoy_growth_pct": 48.07135048571438,
      "cagr_3y_pct": 12.606104374526318
    },
    {
      "year": 2022,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 432032461.72913563,
      "yoy_growth_pct": 4.296938616568724,
      "cagr_3y_pct": 13.314288365628158
    },
    {
      "year": 2023,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 433682369.96619093,
      "yoy_growth_pct": 0.38189450636458844,
      "cagr_3y_pct": 15.735340952702481
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "export_value_usd": 411739642.1666359,
      "yoy_growth_pct": -5.059631038556089,
      "cagr_3y_pct": -0.20105399283482095
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "870120",
      "hs_description": "Tractors: road, for semi-trailers",
      "buyer_imports_latest_usd": 81191508.27546322,
      "current_below_peak_pct": 20.76188491839215,
      "lane_volatility_cv": 0.8856102891538663,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 1084334836.0382953,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3372099706655114,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "870332",
      "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500cc",
      "buyer_imports_latest_usd": 199423265.78628504,
      "current_below_peak_pct": 0.46227778695477323,
      "lane_volatility_cv": 0.7155129104798199,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "220300",
      "hs_description": "Beer: made from malt",
      "buyer_imports_latest_usd": 74358126.60308434,
      "current_below_peak_pct": 7.784072244134191,
      "lane_volatility_cv": 1.6942230505179772,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "310221",
      "hs_description": "Fertilizers, mineral or chemical: nitrogenous, ammonium sulphate",
      "buyer_imports_latest_usd": 20822360.218360774,
      "current_below_peak_pct": 61.71566553699961,
      "lane_volatility_cv": 1.6562902519738827,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "930591",
      "hs_description": "Firearms: parts and accessories, of military weapons of heading 9301",
      "buyer_imports_latest_usd": 22080945.972739164,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.630647550553398,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "640411",
      "hs_description": "Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials",
      "buyer_imports_latest_usd": 21295153.45346452,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.1822148172570226,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "390931",
      "hs_description": "Amino-resins: n.e.c. in heading no. 3909, in primary forms, poly(methylene phenyl isocyanate) (Crude MDI, polymeric MDI)",
      "buyer_imports_latest_usd": 35935753.33382973,
      "current_below_peak_pct": 6.621272395629445,
      "lane_volatility_cv": 0.5537147401553942,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "040390",
      "hs_description": "Dairy produce: buttermilk, curdled milk or cream, kephir, fermented or acidified milk or cream, whether or not concentrated or containing added sweetening, flavouring, fruit or cocoa (excluding yoghurt)",
      "buyer_imports_latest_usd": 22978118.13552967,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6511260524776151,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "LVA",
      "hs_code": "020311",
      "hs_description": "Meat: of swine, carcasses and half-carcasses, fresh or chilled",
      "buyer_imports_latest_usd": 18254252.449962698,
      "current_below_peak_pct": 59.16423183397419,
      "lane_volatility_cv": 0.9318760369678293,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "LVA",
    "distance_km": 1458,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 38872.546229,
    "importer_gdp_per_capita_usd": 20642.167922356122,
    "importer_population": 1883.162,
    "importer_biz_entry_days": 5.5,
    "importer_biz_entry_cost_pct": 1.5,
    "exporter_gdp_million_usd": 599879.0253780001,
    "exporter_gdp_per_capita_usd": 51767.78857240694,
    "avg_applied_tariff_pct": 2.009065065670498,
    "avg_mfn_tariff_pct": 2.009065065670498,
    "avg_preferential_tariff_pct": 0,
    "tariff_advantage_pp": 2.009065065670498
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/BEL-LVA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BEL-LVA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BEL-LVA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BEL-LVA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BEL-LVA/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}