{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:19.938Z",
  "seo": {
    "title": "Latvia exports to Canada: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Latvia to Canada, 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": "CAN",
    "country_name": "Canada"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "LVA",
    "importer_iso3": "CAN",
    "all_history_lane_count": 101,
    "current_lane_count": 55,
    "current_product_count": 55,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 36748426.71637041,
    "attention_trade_usd": 16754176.680038482,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 22112359.612099525,
    "unrecovered_drawdown_trade_usd": 7221041.80458524,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 20606189.431488227,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 7,
    "high_volatility_lane_count": 34,
    "unrecovered_drawdown_lane_count": 15,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 33,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1982190982682646,
    "trade_weighted_below_peak_pct": 23.853299318675347,
    "product_concentration_hhi": 813.1841278616126,
    "top1_product_share_pct": 17.376425559104455,
    "top3_product_share_pct": 41.27266975227968,
    "top_product_hs6": "220860",
    "top_product_trade_usd": 6385563.012512159,
    "top_product_description": "Vodka",
    "top_attention_product_hs6": "441233",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 6776.34716796875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.3363800346851349,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 3.9628311134942527,
    "avg_mfn_tariff_pct": 5.72539994954023,
    "avg_preferential_tariff_pct": 2.7646918772413795,
    "tariff_advantage_pp": 2.96070807229885,
    "buyer_biz_entry_days": 1.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1990761.6096649999,
    "buyer_gdp_pc_latest": 52051,
    "buyer_population_latest": 38246.109,
    "buyer_gdp_5y_cagr_pct": 5.170733773212577,
    "buyer_gdp_pc_5y_cagr_pct": 3.2307679188356975,
    "buyer_population_5y_cagr_pct": 1.8792515966772338,
    "buyer_investment_5y_avg_pct": 23.134000000000004,
    "buyer_savings_5y_avg_pct": 22.016,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 45.59154820245667,
    "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": 1990761.6096649999,
    "buyer_gdp_pc_2024": 52051,
    "buyer_population_2024": 38246.109
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 3821912.8759823586,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 4212203.157362454,
      "yoy_growth_pct": 10.211909429771548,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 1724070.7591200515,
      "yoy_growth_pct": -59.06961998956363,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 3136978.5066657118,
      "yoy_growth_pct": 81.95184217768383,
      "cagr_3y_pct": -6.371028345707542
    },
    {
      "year": 1999,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 9323153.585636852,
      "yoy_growth_pct": 197.2017043096165,
      "cagr_3y_pct": 30.32203205233732
    },
    {
      "year": 2000,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 19913705.956472024,
      "yoy_growth_pct": 113.59409960971641,
      "cagr_3y_pct": 126.04713204334254
    },
    {
      "year": 2001,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 10745504.130161462,
      "yoy_growth_pct": -46.03965653781719,
      "cagr_3y_pct": 50.74343850580696
    },
    {
      "year": 2002,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 8864534.057674332,
      "yoy_growth_pct": -17.504716853697467,
      "cagr_3y_pct": -1.6673617397263585
    },
    {
      "year": 2003,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 9720541.217550801,
      "yoy_growth_pct": 9.656538677691628,
      "cagr_3y_pct": -21.262893301432552
    },
    {
      "year": 2004,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 12032718.589940462,
      "yoy_growth_pct": 23.786508597020696,
      "cagr_3y_pct": 3.843421276617476
    },
    {
      "year": 2005,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 15322126.246292956,
      "yoy_growth_pct": 27.337194265496144,
      "cagr_3y_pct": 20.01099629755485
    },
    {
      "year": 2006,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 18419676.838849287,
      "yoy_growth_pct": 20.216192862304318,
      "cagr_3y_pct": 23.745814949491507
    },
    {
      "year": 2007,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 17131063.579504628,
      "yoy_growth_pct": -6.99585161356806,
      "cagr_3y_pct": 12.496805176110337
    },
    {
      "year": 2008,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 29392714.52464185,
      "yoy_growth_pct": 71.57553813416988,
      "cagr_3y_pct": 24.253000996001028
    },
    {
      "year": 2009,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 12573326.05184531,
      "yoy_growth_pct": -57.22298448717875,
      "cagr_3y_pct": -11.951345497142263
    },
    {
      "year": 2010,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 10371379.919011343,
      "yoy_growth_pct": -17.51283728549138,
      "cagr_3y_pct": -15.403822683781708
    },
    {
      "year": 2011,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 23746739.480538562,
      "yoy_growth_pct": 128.96412691438877,
      "cagr_3y_pct": -6.863174685623774
    },
    {
      "year": 2012,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 17214749.909711417,
      "yoy_growth_pct": -27.506890266684326,
      "cagr_3y_pct": 11.041038115389966
    },
    {
      "year": 2013,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 18980076.01434266,
      "yoy_growth_pct": 10.254729890878988,
      "cagr_3y_pct": 22.31708838997204
    },
    {
      "year": 2014,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 36468109.571144186,
      "yoy_growth_pct": 92.13890157018527,
      "cagr_3y_pct": 15.37270835876392
    },
    {
      "year": 2015,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 30773683.362132803,
      "yoy_growth_pct": -15.614810517946797,
      "cagr_3y_pct": 21.364849321631784
    },
    {
      "year": 2016,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 26614229.321930744,
      "yoy_growth_pct": -13.516269701144356,
      "cagr_3y_pct": 11.927975644526523
    },
    {
      "year": 2017,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 32029461.77980114,
      "yoy_growth_pct": 20.347132326721628,
      "cagr_3y_pct": -4.233827565836856
    },
    {
      "year": 2018,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 35378247.57648833,
      "yoy_growth_pct": 10.455329595326024,
      "cagr_3y_pct": 4.757617317863527
    },
    {
      "year": 2019,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 32704746.70816736,
      "yoy_growth_pct": -7.55690587144211,
      "cagr_3y_pct": 7.110562100468432
    },
    {
      "year": 2020,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 41478413.55096055,
      "yoy_growth_pct": 26.826891279980902,
      "cagr_3y_pct": 8.999414596548561
    },
    {
      "year": 2021,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 77276339.45283957,
      "yoy_growth_pct": 86.3049544021194,
      "cagr_3y_pct": 29.74881743136479
    },
    {
      "year": 2022,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 59873905.73460762,
      "yoy_growth_pct": -22.519743871734967,
      "cagr_3y_pct": 22.332616988048535
    },
    {
      "year": 2023,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 89181609.47787331,
      "yoy_growth_pct": 48.94904279866545,
      "cagr_3y_pct": 29.067745143974435
    },
    {
      "year": 2024,
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "export_value_usd": 56882100.5898857,
      "yoy_growth_pct": -36.21767882087998,
      "cagr_3y_pct": -9.709298306509663
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "hs_code": "220860",
      "hs_description": "Vodka",
      "buyer_imports_latest_usd": 90728214.38969198,
      "current_below_peak_pct": 33.17014083555138,
      "lane_volatility_cv": 0.6187968759358522,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "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": 232600124.39828852,
      "current_below_peak_pct": 8.677089285376594,
      "lane_volatility_cv": 1.303649914960597,
      "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": "CAN",
      "hs_code": "120991",
      "hs_description": "Seed: vegetable seed, of a kind used for sowing",
      "buyer_imports_latest_usd": 193827650.22037384,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7875738249409916,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "hs_code": "030471",
      "hs_description": "Fish fillets: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)",
      "buyer_imports_latest_usd": 52235575.31881366,
      "current_below_peak_pct": 67.17551473633824,
      "lane_volatility_cv": 2.315678053668004,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "hs_code": "270300",
      "hs_description": "Peat: (including peat litter), whether or not agglomerated",
      "buyer_imports_latest_usd": 18450063.841876477,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3526972784477933,
      "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": "CAN",
      "hs_code": "902000",
      "hs_description": "Breathing appliances and gas masks: excluding protective masks having neither mechanical parts nor replaceable filters and excluding apparatus of item no. 9019.20",
      "buyer_imports_latest_usd": 157939474.78458574,
      "current_below_peak_pct": 36.646711415481995,
      "lane_volatility_cv": 1.523172359395275,
      "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": "CAN",
      "hs_code": "852560",
      "hs_description": "Transmission apparatus for radio-broadcasting or television, whether or not incorporating sound recording or reproducing apparatus, incorporating reception apparatus",
      "buyer_imports_latest_usd": 134225867.21963477,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6450731706931403,
      "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": "CAN",
      "hs_code": "900110",
      "hs_description": "Optical fibres, optical fibre bundles and cables: excluding those of heading no. 8544",
      "buyer_imports_latest_usd": 32622456.54138053,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.5074731670358289,
      "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": "CAN",
      "hs_code": "901420",
      "hs_description": "Navigational instruments and appliances: for aeronautical or space navigation (excluding compasses)",
      "buyer_imports_latest_usd": 344241342.1662494,
      "current_below_peak_pct": 63.609890582941595,
      "lane_volatility_cv": 0.3742080346604153,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "CAN",
      "hs_code": "382440",
      "hs_description": "Cements, mortars or concretes: their prepared additives",
      "buyer_imports_latest_usd": 47120020.84128863,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7944962923836554,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "LVA",
    "importer_iso3": "CAN",
    "distance_km": 6788,
    "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": 0,
    "importer_gdp_million_usd": 1990761.6096649999,
    "importer_gdp_per_capita_usd": 52051.3501037452,
    "importer_population": 38246.109,
    "importer_biz_entry_days": 1.5,
    "importer_biz_entry_cost_pct": 0.3,
    "exporter_gdp_million_usd": 38872.546229,
    "exporter_gdp_per_capita_usd": 20642.167922356122,
    "avg_applied_tariff_pct": 3.9628311134942527,
    "avg_mfn_tariff_pct": 5.72539994954023,
    "avg_preferential_tariff_pct": 2.7646918772413795,
    "tariff_advantage_pp": 2.96070807229885
  },
  "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-CAN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/LVA-CAN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/LVA-CAN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/LVA-CAN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-CAN/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"
  }
}