{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:18.370Z", "seo": { "title": "Honduras exports to Latvia: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Honduras 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": "HND", "country_name": "Honduras" }, "importer": { "iso3": "LVA", "country_name": "Latvia" }, "latestYear": 2024, "risk": { "exporter_iso3": "HND", "importer_iso3": "LVA", "all_history_lane_count": 5, "current_lane_count": 1, "current_product_count": 1, "first_observed_last_year": 2003, "latest_data_year": 2024, "current_trade_usd": 234446.3175040202, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 234446.3175040202, "unrecovered_drawdown_trade_usd": 0, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 0, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 1, "unrecovered_drawdown_lane_count": 0, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 0, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 3.70777154886756, "trade_weighted_below_peak_pct": 0, "product_concentration_hhi": 10000, "top1_product_share_pct": 100, "top3_product_share_pct": 100, "top_product_hs6": "610910", "top_product_trade_usd": 234446.3175040202, "top_product_description": "T-shirts, singlets and other vests: of cotton, knitted or crocheted", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 9943.4521484375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 1, "avg_applied_tariff_pct": 2.516049178444444, "avg_mfn_tariff_pct": 4.653989653793104, "avg_preferential_tariff_pct": 0.7387842704406129, "tariff_advantage_pp": 3.9152053833524914, "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": 0, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "concentrated_product_mix" ], "attention_level": "Stable", "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": 1995, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 159763.69442729044, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 156549.98322322717, "yoy_growth_pct": -2.0115403662787967, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 50338.469570376925, "yoy_growth_pct": -67.84511340470827, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 55800.03860326011, "yoy_growth_pct": 10.84969225225949, "cagr_3y_pct": -29.576306038748733 }, { "year": 1999, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 22271.374983479327, "yoy_growth_pct": -60.08716921895082, "cagr_3y_pct": -47.79669470328724 }, { "year": 2000, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 8661.377478009468, "yoy_growth_pct": -61.10982153354077, "cagr_3y_pct": -44.38025592162742 }, { "year": 2001, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 9130.125098092773, "yoy_growth_pct": 5.411929237276825, "cagr_3y_pct": -45.30502733960887 }, { "year": 2002, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 698.2779732297507, "yoy_growth_pct": -92.35193422075217, "cagr_3y_pct": -68.46735238442608 }, { "year": 2003, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 8056.57871187766, "yoy_growth_pct": 1053.7781543664482, "cagr_3y_pct": -2.383950162052928 }, { "year": 2004, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 5556.997276394391, "yoy_growth_pct": -31.02534617825038, "cagr_3y_pct": -15.25362081064915 }, { "year": 2005, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 45.58388968101439, "yoy_growth_pct": -99.17970286084807, "cagr_3y_pct": -59.735002229139965 }, { "year": 2006, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 146.7544270938868, "yoy_growth_pct": 221.94362552393096, "cagr_3y_pct": -73.68842459158635 }, { "year": 2007, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 197.40930613584797, "yoy_growth_pct": 34.516763851733415, "cagr_3y_pct": -67.12676235142168 }, { "year": 2008, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 2042.2007798921866, "yoy_growth_pct": 934.5007638529656, "cagr_3y_pct": 255.16406575928693 }, { "year": 2009, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 4036.064998293806, "yoy_growth_pct": 97.63311414007399, "cagr_3y_pct": 201.84847086890198 }, { "year": 2010, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 2099.238246527131, "yoy_growth_pct": -47.98799703635702, "cagr_3y_pct": 119.90310896855777 }, { "year": 2011, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 2348.8020798160637, "yoy_growth_pct": 11.888304421939623, "cagr_3y_pct": 4.772987690464392 }, { "year": 2012, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 4834.040204164757, "yoy_growth_pct": 105.80875015843452, "cagr_3y_pct": 6.198252095130696 }, { "year": 2013, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 894.5251008835551, "yoy_growth_pct": -81.49529041746739, "cagr_3y_pct": -24.749348010293293 }, { "year": 2014, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 1252.5472594070427, "yoy_growth_pct": 40.02371293660245, "cagr_3y_pct": -18.907149595764274 }, { "year": 2015, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 2322.5305714477595, "yoy_growth_pct": 85.42458609883097, "cagr_3y_pct": -21.678007543151544 }, { "year": 2016, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 2728.0344299275384, "yoy_growth_pct": 17.45957032664618, "cagr_3y_pct": 45.017062990296886 }, { "year": 2017, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 67075.56277353619, "yoy_growth_pct": 2358.750594849268, "cagr_3y_pct": 276.9265545841634 }, { "year": 2018, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 80529.24620737165, "yoy_growth_pct": 20.05750362357517, "cagr_3y_pct": 226.08493237193184 }, { "year": 2019, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 50660.49449298705, "yoy_growth_pct": -37.090564137989425, "cagr_3y_pct": 164.81334011911514 }, { "year": 2020, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 37591.713740055326, "yoy_growth_pct": -25.79678876750964, "cagr_3y_pct": -17.55279579601484 }, { "year": 2021, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 247132.33453171345, "yoy_growth_pct": 557.4117270646937, "cagr_3y_pct": 45.31997437658093 }, { "year": 2022, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 179323.6648180693, "yoy_growth_pct": -27.438202225594466, "cagr_3y_pct": 52.401553423798596 }, { "year": 2023, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 226090.20254924678, "yoy_growth_pct": 26.079401053187222, "cagr_3y_pct": 81.85693727198615 }, { "year": 2024, "exporter_iso3": "HND", "importer_iso3": "LVA", "export_value_usd": 244896.48328066102, "yoy_growth_pct": 8.318043205484704, "cagr_3y_pct": -0.3024867991294866 } ], "riskLanes": [ { "exporter_iso3": "HND", "importer_iso3": "LVA", "hs_code": "610910", "hs_description": "T-shirts, singlets and other vests: of cotton, knitted or crocheted", "buyer_imports_latest_usd": 46513624.73015859, "current_below_peak_pct": 0, "lane_volatility_cv": 3.70777154886756, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "HND", "importer_iso3": "LVA", "distance_km": 9945, "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": 0, "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": 28488.668302000002, "exporter_gdp_per_capita_usd": 2831.033020788843, "avg_applied_tariff_pct": 2.516049178444444, "avg_mfn_tariff_pct": 4.653989653793104, "avg_preferential_tariff_pct": 0.7387842704406129, "tariff_advantage_pp": 3.9152053833524914 }, "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/HND-LVA/risk", "html": "https://www.yugalinks.com/trade/corridor/HND-LVA/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/HND-LVA/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/HND-LVA/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/HND-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" } }