Trade route overview
See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.
What this page shows
In 2024, Latvia reported $37.6M in goods exports to Australia. 7 product types are marked for closer review, covering 56% 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
This page separates the size of the trade from the conditions worth checking and the product types that make up the route.
This is the reported value of goods exported from Latvia to Australia in the latest available year.
$37.6M in 2024It 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.
56% needs reviewEach row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.
62 product typesStart with the products
Compare the products, their buyer-market size, and the conditions that deserve a closer look.
Export history
The latest twelve years of reported exports from Latvia to Australia. Bar lengths are relative to the highest year shown.
Why this route needs review
A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.
How to read the numbers
These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.
Largest product
Product code HS6 440712 makes up 18% of exports from Latvia to Australia. The main reason to review it is: Trade has varied substantially across reported years
See product rowsProducts to review
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.
| Rank | Product and code | Buyer-market imports | Below product high | Yearly variation | Review level |
|---|---|---|---|---|---|
| 1 | Wood: 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 | $78.6M | 17.3% | 1.9 | High attention |
| 2 | Wood: 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 | $173.6M | 38% | 1.8 | High attention |
| 3 | Peat: (including peat litter), whether or not agglomeratedHS6 270300 - six-digit product code | $22.4M | 21.6% | 1.1 | High attention |
| 4 | Vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.s. in heading no. 8705HS6 870590 - six-digit product code | $342.4M | 12% | 0.7 | High attention |
| 5 | Optical appliances and instruments: telescopic sights for fitting to arms: periscopes: telescopes designed to form parts of machines, appliances, instruments or apparatus of this chapterHS6 901310 - six-digit product code | $31.1M | 0% | 0.9 | Watch |
| 6 | Iron or steel: stranded wire, ropes and cables, not electrically insulatedHS6 731210 - six-digit product code | $129.6M | 0% | 0.9 | Watch |
| 7 | Quaternary ammonium salts and hydroxides: whether or not chemically defined n.e.c. in heading no. 2923HS6 292390 - six-digit product code | $16.1M | 53.1% | 1 | High attention |
| 8 | Glass: float glass and surface ground or polished glass, in sheets, non-wired, having an absorbent reflecting or non-reflecting layerHS6 700510 - six-digit product code | $18.4M | 17.5% | 0.9 | Watch |
| 9 | Mattresses: of other materials, not cellular rubber or plasticsHS6 940429 - six-digit product code | $93.3M | 0% | 2.9 | High attention |
| 10 | Fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced)HS6 160413 - six-digit product code | $31.0M | 40% | 1.5 | High attention |
Buyer-market imports are total imports of that product into the buyer market, not only exports from Latvia. "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
Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.
Questions about this page
Definitions and limits for the figures above.
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.
Latvia reported $37.6M in goods exports to Australia in 2024.
56% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.
An HS6 code is the international six-digit code used to describe and compare traded goods.
The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.
No. These are reported or calculated observations, not forecasts or guarantees.
Explore next
Use these pages when you need more detail before making a market or route decision.
Continue your research
Use the workspace to investigate which products, buyer conditions, and routes deserve attention.
Data source
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.