Trade route overview

Finland exports to Latvia
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

FIN-LVA2024 reported exports317 product typesCritical attention review level
Latest reported exports$1.0B2024 route total
Highest-priority products2Need the closest review
Products needing review38High-attention product types
Exports needing review75.5%Share of route exports
Overall review levelCritical attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Finland reported $1.0B in goods exports to Latvia. 38 product types are marked for closer review, covering 75.5% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from Finland to Latvia in the latest available year.

$1.0B in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

75.5% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

317 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from Finland to Latvia. Bar lengths are relative to the highest year shown.

Latest annual total$1.2B2024 annual history
Highest year$1.2B2024 annual history
Latest below highest0%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$606.8M
Still below the previous high
$304.9M
Buyer demand is falling
$0.0
Product mix is concentrated
$789.0M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.2Higher means bigger yearly swings
Below highest year23%Compared with the route's best year
Product concentration (HHI)880.50-10,000 scale; higher means fewer products dominate
Largest product share18.6%Share from the biggest product

Largest product

Product not reported

Product code HS6 271019 makes up 18.6% of exports from Finland to Latvia. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$190.3M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for Finland exports to Latvia
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Product 271019HS6 271019 - six-digit product code$1.1B57.2%1Critical attention
2Product 271012HS6 271012 - six-digit product code$427.0M0%1.3High attention
3Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gasHS6 271121 - six-digit product code$474.7M7.9%1.1High attention
4Tanks and other armoured fighting vehicles: motorised, whether or not fitted with weapons, and parts of such vehiclesHS6 871000 - six-digit product code$48.7M0%1.2High attention
5Aromatic hydrocarbon mixtures: n.e.c. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees Celsius by the ISO 3405 method (equivalent to the ASTM D 86 method)HS6 270750 - six-digit product code$38.5M0%4.2High attention
6Wood: coniferous species, of pine (Pinus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mmHS6 440711 - six-digit product code$128.8M0%1.6High attention
7Machinery: for agricultural, horticultural or forestry use and n.e.s. in heading no. 8436HS6 843680 - six-digit product code$36.5M21.5%1.2High attention
8Wood: n.e.s. in heading no. 4408, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, not thicker than 6mmHS6 440890 - six-digit product code$50.8M0%1.9High attention
9Wood: coniferous species, of fir (Abies spp.) and spruce (Picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mmHS6 440712 - six-digit product code$64.0M0%2.3Watch
10Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000ccHS6 870323 - six-digit product code$183.7M76.5%1.1Critical attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from Finland. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets358 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff2%Average tax applied to imports
Buyer economy size$38.9B2024 gross domestic product
Buyer GDP per person$20.6KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time6 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did Finland export to Latvia?

Finland reported $1.0B in goods exports to Latvia in 2024.

What does "exports needing review" mean?

75.5% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.