Trade route overview

Latvia exports to Switzerland, Liechtenstein
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-CHE2024 reported exports116 product typesWatch review level
Latest reported exports$54.0M2024 route total
Highest-priority products0Need the closest review
Products needing review1High-attention product types
Exports needing review3%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 $54.0M in goods exports to Switzerland, Liechtenstein. 1 product types are marked for closer review, covering 3% 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 Switzerland, Liechtenstein in the latest available year.

$54.0M 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.

3% 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.

116 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 Switzerland, Liechtenstein. Bar lengths are relative to the highest year shown.

Latest annual total$74.9M2024 annual history
Highest year$80.5M2022 annual history
Latest below highest7%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
$26.1M
Still below the previous high
$12.1M
Buyer demand is falling
$177.1K
Product mix is concentrated
$18.9M
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 volatility1.1Higher means bigger yearly swings
Below highest year22.4%Compared with the route's best year
Product concentration (HHI)477.80-10,000 scale; higher means fewer products dominate
Largest product share14.9%Share from the biggest product

Largest product

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

Product code HS6 870590 makes up 14.9% of exports from Latvia to Switzerland, Liechtenstein. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$8.1M2024 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 Switzerland, Liechtenstein
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Vehicles: 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$170.1M0%0.7Watch
2Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018HS6 901890 - six-digit product code$1.3B0%1.6Watch
3Plywood: 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$36.9M0%0.7Stable
4Vehicle parts and accessories: n.e.c. in heading no. 8708HS6 870899 - six-digit product code$443.9M62.8%0.9Watch
5Telephone sets n.e.c. in item no. 8517.1HS6 851718 - six-digit product code$25.5M0%1.9Watch
6Furniture: wooden, other than for office, kitchen or bedroom useHS6 940360 - six-digit product code$650.4M13%0.7Stable
7Electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537HS6 853890 - six-digit product code$442.6M50%1.6Watch
8Wood: builders' joinery and carpentry of wood n.e.c. in heading no. 4418, other than of bamboo or cellular wood panelsHS6 441899 - six-digit product code$374.9M45.4%0.6Watch
9Electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 voltsHS6 853650 - six-digit product code$202.6M57.7%0.9Watch
10Wood: windows, French-windows and their framesHS6 441810 - six-digit product code$151.2M63.4%1.3High 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

What else can affect this route?

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

Distance between markets1,588 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff1.5%Average tax applied to imports
Buyer economy size$812.9B2024 gross domestic product
Buyer GDP per person$93.5KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemYesReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time10 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 Switzerland, Liechtenstein?

Latvia reported $54.0M in goods exports to Switzerland, Liechtenstein in 2024.

What does "exports needing review" mean?

3% 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.