Trade route overview

Latvia exports to Canada
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

LVA-CAN2024 reported exports55 product typesWatch review level
Latest reported exports$36.7M2024 route total
Highest-priority products0Need the closest review
Products needing review7High-attention product types
Exports needing review45.6%Share of route exports
Overall review levelWatchBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Latvia reported $36.7M in goods exports to Canada. 7 product types are marked for closer review, covering 45.6% 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

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from Latvia to Canada in the latest available year.

$36.7M in 2024
02 - Review level

What does "high attention" mean?

It 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.

45.6% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

55 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from Latvia to Canada. Bar lengths are relative to the highest year shown.

Latest annual total$56.9M2024 annual history
Highest year$89.2M2023 annual history
Latest below highest36.2%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$22.1M
Still below the previous high
$7.2M
Buyer demand is falling
$0.0
Product mix is concentrated
$20.6M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.2Higher means bigger yearly swings
Below highest year23.9%Compared with the route's best year
Product concentration (HHI)813.20-10,000 scale; higher means fewer products dominate
Largest product share17.4%Share from the biggest product

Largest product

Vodka

Product code HS6 220860 makes up 17.4% of exports from Latvia to Canada. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$6.4M2024 reported value

Products to review

Which product types need a closer look?

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.

Top product types10 shown - 2024 values
Top product types for Latvia exports to Canada
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1VodkaHS6 220860 - six-digit product code$90.7M33.2%0.6Stable
2Plywood: 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 walnutHS6 441233 - six-digit product code$232.6M8.7%1.3High attention
3Seed: vegetable seed, of a kind used for sowingHS6 120991 - six-digit product code$193.8M0%0.8Stable
4Fish fillets: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)HS6 030471 - six-digit product code$52.2M67.2%2.3High attention
5Peat: (including peat litter), whether or not agglomeratedHS6 270300 - six-digit product code$18.5M0%1.4High attention
6Breathing appliances and gas masks: excluding protective masks having neither mechanical parts nor replaceable filters and excluding apparatus of item no. 9019.20HS6 902000 - six-digit product code$157.9M36.6%1.5High attention
7Transmission apparatus for radio-broadcasting or television, whether or not incorporating sound recording or reproducing apparatus, incorporating reception apparatusHS6 852560 - six-digit product code$134.2M0%1.6High attention
8Optical fibres, optical fibre bundles and cables: excluding those of heading no. 8544HS6 900110 - six-digit product code$32.6M0%0.5High attention
9Navigational instruments and appliances: for aeronautical or space navigation (excluding compasses)HS6 901420 - six-digit product code$344.2M63.6%0.4High attention
10Cements, mortars or concretes: their prepared additivesHS6 382440 - six-digit product code$47.1M0%1.8Watch

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

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets6,776 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff4%Average tax applied to imports
Buyer economy size$2.0T2024 gross domestic product
Buyer GDP per person$52.1KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time2 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

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.

How much did Latvia export to Canada?

Latvia reported $36.7M in goods exports to Canada in 2024.

What does "exports needing review" mean?

45.6% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

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

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

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.