{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:17.426Z", "seo": { "title": "Latvia exports to Belgium: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to Belgium, 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": "LVA", "country_name": "Latvia" }, "importer": { "iso3": "BEL", "country_name": "Belgium" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "BEL", "all_history_lane_count": 194, "current_lane_count": 134, "current_product_count": 134, "first_observed_last_year": 2001, "latest_data_year": 2024, "current_trade_usd": 170105149.09093493, "attention_trade_usd": 66861706.42942218, "critical_trade_usd": 0, "high_volatility_trade_usd": 76349466.2018125, "unrecovered_drawdown_trade_usd": 40980990.72275224, "declining_demand_trade_usd": 21269.207639512977, "concentrated_market_trade_usd": 79876525.14883265, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 21, "high_volatility_lane_count": 87, "unrecovered_drawdown_lane_count": 45, "declining_demand_lane_count": 1, "concentrated_market_lane_count": 53, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.0150369801191303, "trade_weighted_below_peak_pct": 26.99709379344308, "product_concentration_hhi": 375.85329917158003, "top1_product_share_pct": 8.640187978512378, "top3_product_share_pct": 21.29422045587231, "top_product_hs6": "732399", "top_product_trade_usd": 14697404.64258552, "top_product_description": "Iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.s. in heading no. 7323", "top_attention_product_hs6": "230630", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 1456.0645751953125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": null, "has_reported_fta": 1, "avg_applied_tariff_pct": 1.7530337023754787, "avg_mfn_tariff_pct": 2.399141908429119, "avg_preferential_tariff_pct": 1.1658888870498085, "tariff_advantage_pp": 1.2332530213793103, "buyer_biz_entry_days": 5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 599879.025378, "buyer_gdp_pc_latest": 51768, "buyer_population_latest": 11587.882, "buyer_gdp_5y_cagr_pct": 4.5783569491818055, "buyer_gdp_pc_5y_cagr_pct": 3.918136849252618, "buyer_population_5y_cagr_pct": 0.6353271141561478, "buyer_investment_5y_avg_pct": 23.874000000000002, "buyer_savings_5y_avg_pct": 24.938, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 39.306103775658904, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "declining_buyer_demand", "concentrated_buyer_markets" ], "attention_level": "Watch", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 599879.025378, "buyer_gdp_pc_2024": 51768, "buyer_population_2024": 11587.882 }, "history": [ { "year": 1999, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 34173477.780997254, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 26253388.097415417, "yoy_growth_pct": -23.176130139104355, "cagr_3y_pct": null }, { "year": 2001, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 49500926.25754114, "yoy_growth_pct": 88.55062087172814, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 36318057.25474798, "yoy_growth_pct": -26.631560254460574, "cagr_3y_pct": 2.049561631102792 }, { "year": 2003, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 39289133.752258494, "yoy_growth_pct": 8.180714284000135, "cagr_3y_pct": 14.383232317954864 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 81840668.17159536, "yoy_growth_pct": 108.30356985636223, "cagr_3y_pct": 18.245679229838217 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 34325287.6860124, "yoy_growth_pct": -58.05839755115079, "cagr_3y_pct": -1.8635088931900023 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 64467213.33251229, "yoy_growth_pct": 87.8125943829533, "cagr_3y_pct": 17.947520274760585 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 69505304.76023808, "yoy_growth_pct": 7.814966968930492, "cagr_3y_pct": -5.300083697181379 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 101379169.4319239, "yoy_growth_pct": 45.85817554737191, "cagr_3y_pct": 43.475643415636455 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 150816670.8531443, "yoy_growth_pct": 48.76495013545921, "cagr_3y_pct": 32.750699255782536 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 89990415.73505142, "yoy_growth_pct": -40.33125434609388, "cagr_3y_pct": 8.991534914945998 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 117678546.59688294, "yoy_growth_pct": 30.767866372959695, "cagr_3y_pct": 5.0951938755435355 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 153422868.0569702, "yoy_growth_pct": 30.374543613741455, "cagr_3y_pct": 0.5727323301465193 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 175733903.87524718, "yoy_growth_pct": 14.542184030865757, "cagr_3y_pct": 24.993213283411663 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 157311295.51906532, "yoy_growth_pct": -10.483240826004748, "cagr_3y_pct": 10.159224667556522 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 123697108.34386244, "yoy_growth_pct": -21.367942501706118, "cagr_3y_pct": -6.927120567468769 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 133962793.45652397, "yoy_growth_pct": 8.299050196164814, "cagr_3y_pct": -8.64979083972881 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 146596125.91432014, "yoy_growth_pct": 9.430478517078832, "cagr_3y_pct": -2.3240759328729266 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 155096054.5027137, "yoy_growth_pct": 5.7981945534914425, "cagr_3y_pct": 7.831852821786711 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 150377412.83044097, "yoy_growth_pct": -3.0423995551673966, "cagr_3y_pct": 3.9280561851894324 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 180670616.28918785, "yoy_growth_pct": 20.144782975422103, "cagr_3y_pct": 7.214866922738783 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 240843354.1240598, "yoy_growth_pct": 33.305215353091675, "cagr_3y_pct": 15.800732258615069 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 255014448.01953, "yoy_growth_pct": 5.883946412808472, "cagr_3y_pct": 19.250642024790523 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 191292355.67717862, "yoy_growth_pct": -24.987640048328274, "cagr_3y_pct": 1.922491103376034 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BEL", "export_value_usd": 204419125.9939803, "yoy_growth_pct": 6.862151009815665, "cagr_3y_pct": -5.319119784176218 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "732399", "hs_description": "Iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.s. in heading no. 7323", "buyer_imports_latest_usd": 60523431.02471594, "current_below_peak_pct": 0, "lane_volatility_cv": 0.4952952831536716, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "120510", "hs_description": "Oil seeds: low erucic acid rape or colza seeds, whether or not broken", "buyer_imports_latest_usd": 1135631564.6528435, "current_below_peak_pct": 48.17081338505034, "lane_volatility_cv": 0.9073830377269402, "attention_level": "Watch", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market" ] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "230630", "hs_description": "Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of sunflower seed oils", "buyer_imports_latest_usd": 60760762.300896816, "current_below_peak_pct": 16.79727054571756, "lane_volatility_cv": 1.1397070056211631, "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": "LVA", "importer_iso3": "BEL", "hs_code": "441520", "hs_description": "Wood: pallets, box pallets and other load boards: pallet collars", "buyer_imports_latest_usd": 243205546.32519642, "current_below_peak_pct": 24.59558548958422, "lane_volatility_cv": 0.4441956945170786, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "270300", "hs_description": "Peat: (including peat litter), whether or not agglomerated", "buyer_imports_latest_usd": 52418321.8543078, "current_below_peak_pct": 5.472161623270588, "lane_volatility_cv": 0.5280869484576888, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "870899", "hs_description": "Vehicle parts and accessories: n.e.c. in heading no. 8708", "buyer_imports_latest_usd": 1626638236.0832922, "current_below_peak_pct": 46.883450929765615, "lane_volatility_cv": 0.8319202899914775, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "440799", "hs_description": "Wood: sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm, n.e.c. in heading no. 4407", "buyer_imports_latest_usd": 33458755.397713166, "current_below_peak_pct": 60.63518674108453, "lane_volatility_cv": 0.8319468191751035, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown" ] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "441233", "hs_description": "Plywood: with sheets of wood only: not bamboo: each ply 6mm or less, with at least one outer ply of alder, ash, beech, birch, cherry, chestnut, elm, eucalyptus, hickory, horse chestnut, lime, maple, oak, plane, poplar, aspen, robinia, tulipwood or walnut", "buyer_imports_latest_usd": 156427039.6582251, "current_below_peak_pct": 0, "lane_volatility_cv": 0.884905943516014, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "382600", "hs_description": "Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals", "buyer_imports_latest_usd": 3230705756.0576024, "current_below_peak_pct": 63.041040339727616, "lane_volatility_cv": 1.0419450685160048, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "321410", "hs_description": "Mastics: painters' fillings", "buyer_imports_latest_usd": 186772196.96582064, "current_below_peak_pct": 0, "lane_volatility_cv": 1.2318203133761103, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BEL", "distance_km": 1458, "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": 599879.0253780001, "importer_gdp_per_capita_usd": 51767.78857240694, "importer_population": 11587.882, "importer_biz_entry_days": 5, "importer_biz_entry_cost_pct": 5.3, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 1.7530337023754787, "avg_mfn_tariff_pct": 2.399141908429119, "avg_preferential_tariff_pct": 1.1658888870498085, "tariff_advantage_pp": 1.2332530213793103 }, "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/LVA-BEL/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-BEL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-BEL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-BEL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-BEL/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" } }