{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:20.037Z", "seo": { "title": "Latvia exports to Switzerland, Liechtenstein: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to Switzerland, Liechtenstein, 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": "CHE", "country_name": "Switzerland, Liechtenstein" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "CHE", "all_history_lane_count": 159, "current_lane_count": 116, "current_product_count": 116, "first_observed_last_year": 1995, "latest_data_year": 2024, "current_trade_usd": 53992136.25721668, "attention_trade_usd": 1599120.4778786069, "critical_trade_usd": 0, "high_volatility_trade_usd": 26082793.724873826, "unrecovered_drawdown_trade_usd": 12083796.74230486, "declining_demand_trade_usd": 177101.28805243046, "concentrated_market_trade_usd": 18861329.900131986, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 1, "high_volatility_lane_count": 71, "unrecovered_drawdown_lane_count": 34, "declining_demand_lane_count": 1, "concentrated_market_lane_count": 37, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.1448494454190703, "trade_weighted_below_peak_pct": 22.38663890967703, "product_concentration_hhi": 477.83665611494825, "top1_product_share_pct": 14.926705361245448, "top3_product_share_pct": 28.050842283060835, "top_product_hs6": "870590", "top_product_trade_usd": 8059247.097356909, "top_product_description": "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", "top_attention_product_hs6": "441810", "top_attention_product_reason": "Current trade remains more than 50% below its historical peak", "distance_km": 1587.6507568359375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.34726136922836304, "has_reported_fta": 1, "avg_applied_tariff_pct": 1.5067046233372798, "avg_mfn_tariff_pct": 0, "avg_preferential_tariff_pct": 2.0714460418675475, "tariff_advantage_pp": -2.0714460418675475, "buyer_biz_entry_days": 10, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 812866.928867, "buyer_gdp_pc_latest": 93457, "buyer_population_latest": 8697.723, "buyer_gdp_5y_cagr_pct": 5.360058190860362, "buyer_gdp_pc_5y_cagr_pct": 4.333387119672216, "buyer_population_5y_cagr_pct": 0.9840292734007994, "buyer_investment_5y_avg_pct": 25.529999999999998, "buyer_savings_5y_avg_pct": 34.63, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 2.961765525002478, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "declining_buyer_demand", "concentrated_buyer_markets" ], "attention_level": "Watch", "primary_risk_reason": "Volatile products account for the largest observed corridor exposure", "buyer_gdp_mn_2024": 812866.928867, "buyer_gdp_pc_2024": 93457, "buyer_population_2024": 8697.723 }, "history": [ { "year": 1995, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 2046232.530508133, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 4116220.864939373, "yoy_growth_pct": 101.16095329191195, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 8690940.120412266, "yoy_growth_pct": 111.1388189695762, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 8145832.857639941, "yoy_growth_pct": -6.272132303524225, "cagr_3y_pct": 58.48694839768596 }, { "year": 1999, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 7173156.948180031, "yoy_growth_pct": -11.940779125459732, "cagr_3y_pct": 20.33830439238935 }, { "year": 2000, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 7392989.812291043, "yoy_growth_pct": 3.0646598938113057, "cagr_3y_pct": -5.248858665047463 }, { "year": 2001, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 7583817.30618407, "yoy_growth_pct": 2.581195142130066, "cagr_3y_pct": -2.354824747644446 }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 7007973.040846783, "yoy_growth_pct": -7.593066157695105, "cagr_3y_pct": -0.7735707740527564 }, { "year": 2003, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 7252968.023253786, "yoy_growth_pct": 3.4959464167316545, "cagr_3y_pct": -0.6353550609605629 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 18735890.090290513, "yoy_growth_pct": 158.3203183885722, "cagr_3y_pct": 35.1850987372794 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 46814659.46085027, "yoy_growth_pct": 149.866215243817, "cagr_3y_pct": 88.33447049544301 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 25790080.349521983, "yoy_growth_pct": -44.9102468189703, "cagr_3y_pct": 52.63201727273281 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 25360650.188300587, "yoy_growth_pct": -1.6650981904728912, "cagr_3y_pct": 10.618734191362279 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 40210475.26955083, "yoy_growth_pct": 58.55459134916339, "cagr_3y_pct": -4.942633293049292 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 26716381.946607064, "yoy_growth_pct": -33.55865165105894, "cagr_3y_pct": 1.1831780889127064 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 34904363.16041303, "yoy_growth_pct": 30.64779216800284, "cagr_3y_pct": 11.234569492308587 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 47469229.34682828, "yoy_growth_pct": 35.99798148062408, "cagr_3y_pct": 5.687670345977369 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 46238790.8544097, "yoy_growth_pct": -2.5920759813236605, "cagr_3y_pct": 20.063115431846068 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 45605712.487319544, "yoy_growth_pct": -1.3691499180493394, "cagr_3y_pct": 9.323411456214338 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 48850369.35332852, "yoy_growth_pct": 7.114584312022609, "cagr_3y_pct": 0.9605924051967474 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 44227369.251076445, "yoy_growth_pct": -9.463592933790332, "cagr_3y_pct": -1.4715737231617898 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 53118336.30383813, "yoy_growth_pct": 20.1028621039794, "cagr_3y_pct": 5.214373392878047 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 43329663.48682136, "yoy_growth_pct": -18.428048576343446, "cagr_3y_pct": -3.918637106565559 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 51841238.40174591, "yoy_growth_pct": 19.64375956326854, "cagr_3y_pct": 5.437415876788476 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 52956759.051092654, "yoy_growth_pct": 2.151801700225553, "cagr_3y_pct": -0.1014975065784407 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 62119120.783479095, "yoy_growth_pct": 17.301590763034792, "cagr_3y_pct": 12.757817530784688 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 70792553.04040533, "yoy_growth_pct": 13.962580518739376, "cagr_3y_pct": 10.94406364110645 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 80482414.9930192, "yoy_growth_pct": 13.687685408214211, "cagr_3y_pct": 14.972294952336673 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 74745412.31616084, "yoy_growth_pct": -7.128268550783378, "cagr_3y_pct": 6.361980117862176 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "CHE", "export_value_usd": 74867716.96338111, "yoy_growth_pct": 0.16362829962450753, "cagr_3y_pct": 1.8831439954330786 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "870590", "hs_description": "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", "buyer_imports_latest_usd": 170091086.7556871, "current_below_peak_pct": 0, "lane_volatility_cv": 0.6817769405061269, "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": "CHE", "hs_code": "901890", "hs_description": "Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018", "buyer_imports_latest_usd": 1266264268.448392, "current_below_peak_pct": 0, "lane_volatility_cv": 1.5957362033253486, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "CHE", "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": 36888200.49509163, "current_below_peak_pct": 0, "lane_volatility_cv": 0.7260116758907029, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "870899", "hs_description": "Vehicle parts and accessories: n.e.c. in heading no. 8708", "buyer_imports_latest_usd": 443858447.0099931, "current_below_peak_pct": 62.81939075884841, "lane_volatility_cv": 0.8575488513840152, "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": "CHE", "hs_code": "851718", "hs_description": "Telephone sets n.e.c. in item no. 8517.1", "buyer_imports_latest_usd": 25494362.53047939, "current_below_peak_pct": 0, "lane_volatility_cv": 1.9282821662904233, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "940360", "hs_description": "Furniture: wooden, other than for office, kitchen or bedroom use", "buyer_imports_latest_usd": 650441228.4155582, "current_below_peak_pct": 13.011316238215315, "lane_volatility_cv": 0.72328000972483, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "853890", "hs_description": "Electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537", "buyer_imports_latest_usd": 442590550.77793515, "current_below_peak_pct": 49.967268414197456, "lane_volatility_cv": 1.5733199070146615, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "441899", "hs_description": "Wood: builders' joinery and carpentry of wood n.e.c. in heading no. 4418, other than of bamboo or cellular wood panels", "buyer_imports_latest_usd": 374897296.1215029, "current_below_peak_pct": 45.42829940848445, "lane_volatility_cv": 0.6405306232900269, "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": "CHE", "hs_code": "853650", "hs_description": "Electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts", "buyer_imports_latest_usd": 202640355.32938558, "current_below_peak_pct": 57.70558037240939, "lane_volatility_cv": 0.8899015380264926, "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": "CHE", "hs_code": "441810", "hs_description": "Wood: windows, French-windows and their frames", "buyer_imports_latest_usd": 151244936.86712578, "current_below_peak_pct": 63.417842514908074, "lane_volatility_cv": 1.250481614287903, "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" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "CHE", "distance_km": 1503, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 1, "shared_colonial_history": 0, "has_fta": 1, "rta_coverage_ratio": 1, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 1, "importer_is_eu": 0, "importer_gdp_million_usd": 812866.9288669999, "importer_gdp_per_capita_usd": 93457.44039756153, "importer_population": 8697.723, "importer_biz_entry_days": 10, "importer_biz_entry_cost_pct": 2.3, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 1.5067046233372798, "avg_mfn_tariff_pct": 0, "avg_preferential_tariff_pct": 2.0714460418675475, "tariff_advantage_pp": -2.0714460418675475 }, "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-CHE/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-CHE/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-CHE/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-CHE/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-CHE/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" } }