# Latvia exports to Australia: Trade Route Risk | Yugalinks

Understand reported exports from Latvia to Australia, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/LVA-AUS/risk

## Route overview

In 2024, Latvia reported $37.6M in goods exports to Australia. The overall review level is High attention.

## How to read this page

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

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $37.6M | 2024 route total |
| Exports needing review | 56% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 7 | High-attention product types |
| Export volatility | 1.4 | Higher means bigger yearly swings |
| Below highest year | 19.6% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 440712 | 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 6mm | $78.6M | 17.3% | High attention |
| 2 | 440711 | 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 6mm | $173.6M | 38% | High attention |
| 3 | 270300 | Peat: (including peat litter), whether or not agglomerated | $22.4M | 21.6% | High attention |
| 4 | 870590 | Vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.s. in heading no. 8705 | $342.4M | 12% | High attention |
| 5 | 901310 | Optical appliances and instruments: telescopic sights for fitting to arms: periscopes: telescopes designed to form parts of machines, appliances, instruments or apparatus of this chapter | $31.1M | 0% | Watch |
| 6 | 731210 | Iron or steel: stranded wire, ropes and cables, not electrically insulated | $129.6M | 0% | Watch |
| 7 | 292390 | Quaternary ammonium salts and hydroxides: whether or not chemically defined n.e.c. in heading no. 2923 | $16.1M | 53.1% | High attention |
| 8 | 700510 | Glass: float glass and surface ground or polished glass, in sheets, non-wired, having an absorbent reflecting or non-reflecting layer | $18.4M | 17.5% | Watch |
| 9 | 940429 | Mattresses: of other materials, not cellular rubber or plastics | $93.3M | 0% | High attention |
| 10 | 160413 | Fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced) | $31.0M | 40% | High attention |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.