{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:12.897Z", "seo": { "title": "Italy exports to Latvia: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Italy 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": "ITA", "country_name": "Italy" }, "importer": { "iso3": "LVA", "country_name": "Latvia" }, "latestYear": 2024, "risk": { "exporter_iso3": "ITA", "importer_iso3": "LVA", "all_history_lane_count": 339, "current_lane_count": 328, "current_product_count": 328, "first_observed_last_year": 2009, "latest_data_year": 2024, "current_trade_usd": 502382381.0919507, "attention_trade_usd": 146458811.00210157, "critical_trade_usd": 0, "high_volatility_trade_usd": 294105639.0586297, "unrecovered_drawdown_trade_usd": 65864285.07046639, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 158497432.21728626, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 21, "high_volatility_lane_count": 173, "unrecovered_drawdown_lane_count": 145, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 89, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.201684490196318, "trade_weighted_below_peak_pct": 20.85584047105003, "product_concentration_hhi": 269.5004933710708, "top1_product_share_pct": 11.9141114201306, "top3_product_share_pct": 22.10500541416861, "top_product_hs6": "220410", "top_product_trade_usd": 59854396.63840014, "top_product_description": "Wine: sparkling", "top_attention_product_hs6": "220410", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 1869.573974609375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.12276720255613327, "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": 29.15285577566768, "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": 1995, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 49561949.90469588, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 72237829.43785726, "yoy_growth_pct": 45.752597661644636, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 94343593.64244999, "yoy_growth_pct": 30.60136825347066, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 127637460.0011233, "yoy_growth_pct": 35.29001289144522, "cagr_3y_pct": 37.07026620967828 }, { "year": 1999, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 114950500.81871647, "yoy_growth_pct": -9.939839904597891, "cagr_3y_pct": 16.747805674816576 }, { "year": 2000, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 116519690.48185004, "yoy_growth_pct": 1.3651003274951279, "cagr_3y_pct": 7.290755258656545 }, { "year": 2001, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 160441528.3764508, "yoy_growth_pct": 37.694777348762656, "cagr_3y_pct": 7.922719178491167 }, { "year": 2002, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 183853016.08123803, "yoy_growth_pct": 14.591912668555395, "cagr_3y_pct": 16.946338881681555 }, { "year": 2003, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 261685168.33148915, "yoy_growth_pct": 42.33390014981309, "cagr_3y_pct": 30.95636008958995 }, { "year": 2004, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 251034146.26801777, "yoy_growth_pct": -4.070166502512373, "cagr_3y_pct": 16.092813463229238 }, { "year": 2005, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 292262912.3799059, "yoy_growth_pct": 16.423568954587566, "cagr_3y_pct": 16.70809573576011 }, { "year": 2006, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 393351702.02295333, "yoy_growth_pct": 34.58830572099563, "cagr_3y_pct": 14.551463401302556 }, { "year": 2007, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 551250412.0721093, "yoy_growth_pct": 40.141865215557694, "cagr_3y_pct": 29.978656189741535 }, { "year": 2008, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 508668984.15960836, "yoy_growth_pct": -7.724516296040584, "cagr_3y_pct": 20.287504934591016 }, { "year": 2009, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 294509362.92427707, "yoy_growth_pct": -42.10196176775997, "cagr_3y_pct": -9.195781679620108 }, { "year": 2010, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 373085592.96308076, "yoy_growth_pct": 26.680384371686984, "cagr_3y_pct": -12.201617061297188 }, { "year": 2011, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 492488321.9754404, "yoy_growth_pct": 32.004111459799866, "cagr_3y_pct": -1.0717728300278173 }, { "year": 2012, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 542916899.5912787, "yoy_growth_pct": 10.239547897006386, "cagr_3y_pct": 22.61532436610083 }, { "year": 2013, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 567820372.7331263, "yoy_growth_pct": 4.586976968408152, "cagr_3y_pct": 15.027274767878929 }, { "year": 2014, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 601361660.8667622, "yoy_growth_pct": 5.907024429607799, "cagr_3y_pct": 6.8841398528719955 }, { "year": 2015, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 467669339.62601984, "yoy_growth_pct": -22.231600373067884, "cagr_3y_pct": -4.851521915794155 }, { "year": 2016, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 442118630.332009, "yoy_growth_pct": -5.463413384003946, "cagr_3y_pct": -8.002516356244271 }, { "year": 2017, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 509568443.7006408, "yoy_growth_pct": 15.256044134123092, "cagr_3y_pct": -5.371433117484969 }, { "year": 2018, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 542200513.3836374, "yoy_growth_pct": 6.403863913945029, "cagr_3y_pct": 5.052649151658017 }, { "year": 2019, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 576269516.860782, "yoy_growth_pct": 6.283469424352761, "cagr_3y_pct": 9.235116722161996 }, { "year": 2020, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 583062077.1732002, "yoy_growth_pct": 1.178712410370153, "cagr_3y_pct": 4.593354064299393 }, { "year": 2021, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 696505543.5276093, "yoy_growth_pct": 19.456498852473025, "cagr_3y_pct": 8.706342611721606 }, { "year": 2022, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 773253350.6335691, "yoy_growth_pct": 11.018980081228523, "cagr_3y_pct": 10.29742862255365 }, { "year": 2023, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 894405721.6375848, "yoy_growth_pct": 15.667875335392845, "cagr_3y_pct": 15.329371271476422 }, { "year": 2024, "exporter_iso3": "ITA", "importer_iso3": "LVA", "export_value_usd": 823164848.3360057, "yoy_growth_pct": -7.965162965543515, "cagr_3y_pct": 5.7273660795139625 } ], "riskLanes": [ { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "220410", "hs_description": "Wine: sparkling", "buyer_imports_latest_usd": 95567887.34102318, "current_below_peak_pct": 14.374726079715542, "lane_volatility_cv": 1.2763264586493825, "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": "ITA", "importer_iso3": "LVA", "hs_code": "220510", "hs_description": "Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers holding 2 litres or less", "buyer_imports_latest_usd": 30543624.228523977, "current_below_peak_pct": 35.71212065249825, "lane_volatility_cv": 1.659747093030731, "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": "ITA", "importer_iso3": "LVA", "hs_code": "220421", "hs_description": "Wine: still, in containers holding 2 litres or less", "buyer_imports_latest_usd": 109140819.33258931, "current_below_peak_pct": 2.2950999539466626, "lane_volatility_cv": 0.9988363120578292, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "850440", "hs_description": "Electrical static converters", "buyer_imports_latest_usd": 89893335.7065739, "current_below_peak_pct": 0, "lane_volatility_cv": 2.335506272872319, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "220890", "hs_description": "Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208", "buyer_imports_latest_usd": 69594531.82540451, "current_below_peak_pct": 39.26943427538675, "lane_volatility_cv": 1.770899649284835, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "640399", "hs_description": "Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather", "buyer_imports_latest_usd": 50519282.75209066, "current_below_peak_pct": 0, "lane_volatility_cv": 0.6593412408896983, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "420222", "hs_description": "Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of plastic sheeting or of textile materials", "buyer_imports_latest_usd": 22325288.818504065, "current_below_peak_pct": 0, "lane_volatility_cv": 1.2222676965779804, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market" ] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "900410", "hs_description": "Sunglasses: corrective, protective or other", "buyer_imports_latest_usd": 12880837.6986436, "current_below_peak_pct": 0, "lane_volatility_cv": 1.1363340828197537, "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": "ITA", "importer_iso3": "LVA", "hs_code": "870324", "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc", "buyer_imports_latest_usd": 61751053.78504659, "current_below_peak_pct": 0, "lane_volatility_cv": 2.0498707174584583, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "ITA", "importer_iso3": "LVA", "hs_code": "420221", "hs_description": "Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of leather, of composition leather or of patent leather", "buyer_imports_latest_usd": 14476721.752992012, "current_below_peak_pct": 1.6400694821166497, "lane_volatility_cv": 1.1162244532352086, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "ITA", "importer_iso3": "LVA", "distance_km": 1868, "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": 2099880.198259, "exporter_gdp_per_capita_usd": 35551.286193786254, "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/ITA-LVA/risk", "html": "https://www.yugalinks.com/trade/corridor/ITA-LVA/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/ITA-LVA/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/ITA-LVA/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/ITA-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" } }