{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:07.989Z",
  "seo": {
    "title": "South Korea exports to Latvia: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from South Korea 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": "KOR",
    "country_name": "South Korea"
  },
  "importer": {
    "iso3": "LVA",
    "country_name": "Latvia"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "KOR",
    "importer_iso3": "LVA",
    "all_history_lane_count": 105,
    "current_lane_count": 66,
    "current_product_count": 66,
    "first_observed_last_year": 1997,
    "latest_data_year": 2024,
    "current_trade_usd": 39230100.6587206,
    "attention_trade_usd": 2279392.9473914145,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 26669973.289484072,
    "unrecovered_drawdown_trade_usd": 11903794.960494107,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 7010414.289132979,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 44,
    "unrecovered_drawdown_lane_count": 34,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 11,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.3166305423160054,
    "trade_weighted_below_peak_pct": 25.68052300861721,
    "product_concentration_hhi": 750.8900824753558,
    "top1_product_share_pct": 16.04900742134884,
    "top3_product_share_pct": 40.065118989562556,
    "top_product_hs6": "721070",
    "top_product_trade_usd": 6296041.766120689,
    "top_product_description": "Iron or non-alloy steel: flat-rolled, width 600mm or more, painted, varnished or coated with plastics",
    "top_attention_product_hs6": "390230",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 7297.28857421875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 2.882645350915709,
    "avg_mfn_tariff_pct": 4.653989653793103,
    "avg_preferential_tariff_pct": 2.0856863301494246,
    "tariff_advantage_pp": 2.5683033236436783,
    "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": 5.81031633648057,
    "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": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 4894200.739343765,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 5350545.903153066,
      "yoy_growth_pct": 9.324202012001837,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 7646463.259379375,
      "yoy_growth_pct": 42.9099646612382,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 10403768.810048105,
      "yoy_growth_pct": 36.05988098205452,
      "cagr_3y_pct": 28.578879914025034
    },
    {
      "year": 1999,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 8119470.332656584,
      "yoy_growth_pct": -21.95645173492623,
      "cagr_3y_pct": 14.914950680648387
    },
    {
      "year": 2000,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 8425217.748739788,
      "yoy_growth_pct": 3.765607897518697,
      "cagr_3y_pct": 3.2856949439316496
    },
    {
      "year": 2001,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 8066839.389725258,
      "yoy_growth_pct": -4.253639130788467,
      "cagr_3y_pct": -8.13059454256625
    },
    {
      "year": 2002,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 13113727.686996372,
      "yoy_growth_pct": 62.563391353735675,
      "cagr_3y_pct": 17.32741095225134
    },
    {
      "year": 2003,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 21271040.351435304,
      "yoy_growth_pct": 62.204377421438735,
      "cagr_3y_pct": 36.1661628197198
    },
    {
      "year": 2004,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 33947999.42704412,
      "yoy_growth_pct": 59.59726870977149,
      "cagr_3y_pct": 61.44958213385785
    },
    {
      "year": 2005,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 43123202.182243735,
      "yoy_growth_pct": 27.02722667035966,
      "cagr_3y_pct": 48.7059276449042
    },
    {
      "year": 2006,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 82160423.06290318,
      "yoy_growth_pct": 90.52486574555283,
      "cagr_3y_pct": 56.900614730939814
    },
    {
      "year": 2007,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 83179064.71268046,
      "yoy_growth_pct": 1.2398203560823884,
      "cagr_3y_pct": 34.81346842460877
    },
    {
      "year": 2008,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 106832850.7563071,
      "yoy_growth_pct": 28.43718683941954,
      "cagr_3y_pct": 35.31042919333498
    },
    {
      "year": 2009,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 59696058.2745008,
      "yoy_growth_pct": -44.12200193864384,
      "cagr_3y_pct": -10.099729959947423
    },
    {
      "year": 2010,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 63341664.35508869,
      "yoy_growth_pct": 6.10694606304536,
      "cagr_3y_pct": -8.68156094513537
    },
    {
      "year": 2011,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 199336459.49285373,
      "yoy_growth_pct": 214.7003816877755,
      "cagr_3y_pct": 23.11018227019406
    },
    {
      "year": 2012,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 150001219.5284138,
      "yoy_growth_pct": -24.749732231603428,
      "cagr_3y_pct": 35.951199823655955
    },
    {
      "year": 2013,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 87060192.31521393,
      "yoy_growth_pct": -41.96034366325758,
      "cagr_3y_pct": 11.184278926766012
    },
    {
      "year": 2014,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 88482305.71424602,
      "yoy_growth_pct": 1.6334829515229243,
      "cagr_3y_pct": -23.717796388341604
    },
    {
      "year": 2015,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 66544233.17237224,
      "yoy_growth_pct": -24.793739680250738,
      "cagr_3y_pct": -23.732669601310185
    },
    {
      "year": 2016,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 43843000.20955128,
      "yoy_growth_pct": -34.11450080733071,
      "cagr_3y_pct": -20.440224713614153
    },
    {
      "year": 2017,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 46358186.45552635,
      "yoy_growth_pct": 5.736802303568478,
      "cagr_3y_pct": -19.38361203695197
    },
    {
      "year": 2018,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 46211334.82748639,
      "yoy_growth_pct": -0.3167760416616927,
      "cagr_3y_pct": -11.445079764597033
    },
    {
      "year": 2019,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 49321312.39201747,
      "yoy_growth_pct": 6.729902038409152,
      "cagr_3y_pct": 4.002741215431382
    },
    {
      "year": 2020,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 44659317.2708325,
      "yoy_growth_pct": -9.452293329363027,
      "cagr_3y_pct": -1.2367861461293872
    },
    {
      "year": 2021,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 59905886.44610433,
      "yoy_growth_pct": 34.13972740069078,
      "cagr_3y_pct": 9.036941715523273
    },
    {
      "year": 2022,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 48509805.316255726,
      "yoy_growth_pct": -19.023307734710414,
      "cagr_3y_pct": -0.5514849972558133
    },
    {
      "year": 2023,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 66764543.677893035,
      "yoy_growth_pct": 37.6310278769973,
      "cagr_3y_pct": 14.343443888314944
    },
    {
      "year": 2024,
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "export_value_usd": 59135882.35165971,
      "yoy_growth_pct": -11.426216530495537,
      "cagr_3y_pct": -0.43030103901209316
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "721070",
      "hs_description": "Iron or non-alloy steel: flat-rolled, width 600mm or more, painted, varnished or coated with plastics",
      "buyer_imports_latest_usd": 34354401.42112766,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.284188527817967,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "401110",
      "hs_description": "Rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)",
      "buyer_imports_latest_usd": 89846796.36765453,
      "current_below_peak_pct": 70.07719135566282,
      "lane_volatility_cv": 0.9374169762969671,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "390740",
      "hs_description": "Polycarbonates: in primary forms",
      "buyer_imports_latest_usd": 18287571.39466459,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.976332285847008,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "300215",
      "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale",
      "buyer_imports_latest_usd": 97387959.0739107,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6363651374427626,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "330499",
      "hs_description": "Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)",
      "buyer_imports_latest_usd": 87037159.61730808,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.2098295053611983,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "390230",
      "hs_description": "Propylene, other olefin polymers: propylene copolymers in primary forms",
      "buyer_imports_latest_usd": 11804841.101290543,
      "current_below_peak_pct": 37.2064308427323,
      "lane_volatility_cv": 1.6794756708916843,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "901890",
      "hs_description": "Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018",
      "buyer_imports_latest_usd": 51790177.7169406,
      "current_below_peak_pct": 12.694396844859321,
      "lane_volatility_cv": 1.0707525769391053,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "KOR",
      "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": 0,
      "lane_volatility_cv": 0.6929183268043692,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "220870",
      "hs_description": "Liqueurs and cordials",
      "buyer_imports_latest_usd": 37560419.75717327,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8828152409532123,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "KOR",
      "importer_iso3": "LVA",
      "hs_code": "401120",
      "hs_description": "Rubber: new pneumatic tyres, of a kind used on buses or lorries",
      "buyer_imports_latest_usd": 36873379.21209776,
      "current_below_peak_pct": 90.40401594020035,
      "lane_volatility_cv": 1.0929070832802248,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "KOR",
    "importer_iso3": "LVA",
    "distance_km": 7302,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "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": 1798533.9150910003,
    "exporter_gdp_per_capita_usd": 34757.71939879189,
    "avg_applied_tariff_pct": 2.882645350915709,
    "avg_mfn_tariff_pct": 4.653989653793103,
    "avg_preferential_tariff_pct": 2.0856863301494246,
    "tariff_advantage_pp": 2.5683033236436783
  },
  "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/KOR-LVA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/KOR-LVA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/KOR-LVA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/KOR-LVA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/KOR-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"
  }
}