{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:21.796Z", "seo": { "title": "Latvia exports to Dominican Republic: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to Dominican Republic, 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": "DOM", "country_name": "Dominican Republic" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "DOM", "all_history_lane_count": 10, "current_lane_count": 3, "current_product_count": 3, "first_observed_last_year": 1998, "latest_data_year": 2024, "current_trade_usd": 401381.92598737805, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 240435.74757585803, "unrecovered_drawdown_trade_usd": 12632.774187547673, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 401381.92598737805, "access_friction_trade_usd": 401381.92598737805, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 1, "unrecovered_drawdown_lane_count": 1, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 3, "access_friction_lane_count": 3, "trade_weighted_volatility_cv": 0.7198339131142708, "trade_weighted_below_peak_pct": 13.727576613520016, "product_concentration_hhi": 4963.507355850328, "top1_product_share_pct": 59.90198661397096, "top3_product_share_pct": 100, "top_product_hs6": "851762", "top_product_trade_usd": 240435.74757585803, "top_product_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 8530.8359375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 9.334446326436781, "avg_mfn_tariff_pct": 9.807268879693487, "avg_preferential_tariff_pct": 4.091861607662835, "tariff_advantage_pp": 5.715407272030651, "buyer_biz_entry_days": 16.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 94243.45393700001, "buyer_gdp_pc_latest": 8604, "buyer_population_latest": 10953.714, "buyer_gdp_5y_cagr_pct": 6.871355741486029, "buyer_gdp_pc_5y_cagr_pct": 5.854288297912791, "buyer_population_5y_cagr_pct": 0.9608183663857295, "buyer_investment_5y_avg_pct": 25.703999999999997, "buyer_savings_5y_avg_pct": 18.256, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 0, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets", "market_access_friction" ], "attention_level": "Stable", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 94243.45393700001, "buyer_gdp_pc_2024": 8604, "buyer_population_2024": 10953.714 }, "history": [ { "year": 1995, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 19662.999999999996, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 1214699, "yoy_growth_pct": 6077.587346793471, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 1328.4344729655327, "yoy_growth_pct": -99.89063673609961, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 136587.12527417953, "yoy_growth_pct": 10181.81126384571, "cagr_3y_pct": 90.80364273443597 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 24898.963097639917, "yoy_growth_pct": -81.7706368388245, "cagr_3y_pct": -72.63234860753647 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 120405.66697428207, "yoy_growth_pct": 383.5770329154586, "cagr_3y_pct": 349.1957068821857 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 77439.14560669518, "yoy_growth_pct": -35.684799932850574, "cagr_3y_pct": -17.234324735368624 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 275100.8080015358, "yoy_growth_pct": 255.24773142351322, "cagr_3y_pct": 122.72563278127402 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 269571.24514572066, "yoy_growth_pct": -2.010013309660763, "cagr_3y_pct": 30.820421964243927 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 250129.04075428357, "yoy_growth_pct": -7.212269387607462, "cagr_3y_pct": 47.8204505398387 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 137229.15682805836, "yoy_growth_pct": -45.1366556981016, "cagr_3y_pct": -20.69178480728905 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 195503.02120130352, "yoy_growth_pct": 42.4646377782963, "cagr_3y_pct": -10.155126232984857 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 431780.572893155, "yoy_growth_pct": 120.85621502931336, "cagr_3y_pct": 19.95904331055758 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 620493.5047222812, "yoy_growth_pct": 43.705748631683726, "cagr_3y_pct": 65.35993069118624 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 1767940.0376457113, "yoy_growth_pct": 184.9248258347202, "cagr_3y_pct": 108.33937293490146 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 912177.4335787133, "yoy_growth_pct": -48.40450387709867, "cagr_3y_pct": 28.31341842377928 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 996078.8764376175, "yoy_growth_pct": 9.197930114291086, "cagr_3y_pct": 17.08973690939064 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 4727367.994347611, "yoy_growth_pct": 374.59775587798816, "cagr_3y_pct": 38.79824019811422 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 1308805.6481204524, "yoy_growth_pct": -72.31428461491983, "cagr_3y_pct": 12.788618926099948 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 2157909.6442506798, "yoy_growth_pct": 64.8762478485333, "cagr_3y_pct": 29.39371299113325 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 11783376.399660207, "yoy_growth_pct": 446.05513400686937, "cagr_3y_pct": 35.58660300820251 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 14407683.944033831, "yoy_growth_pct": 22.271269756343347, "cagr_3y_pct": 122.45371904987921 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 2990698.7234699163, "yoy_growth_pct": -79.24233530463893, "cagr_3y_pct": 11.492709488243612 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 3786031.5175805683, "yoy_growth_pct": 26.593544440607463, "cagr_3y_pct": -31.508266511255 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DOM", "export_value_usd": 4338368.231602138, "yoy_growth_pct": 14.588803908704273, "cagr_3y_pct": -32.9738800471214 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "DOM", "hs_code": "851762", "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus", "buyer_imports_latest_usd": 76488239.24023879, "current_below_peak_pct": 19.505102420845738, "lane_volatility_cv": 1.1724682038235064, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "LVA", "importer_iso3": "DOM", "hs_code": "271320", "hs_description": "Petroleum bitumen: obtained from bituminous minerals", "buyer_imports_latest_usd": 32253858.625335585, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "attention_level": "Watch", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "limited_history" ] }, { "exporter_iso3": "LVA", "importer_iso3": "DOM", "hs_code": "903289", "hs_description": "Regulating or controlling instruments and apparatus: automatic, other than hydraulic or pneumatic", "buyer_imports_latest_usd": 10494359.371532649, "current_below_peak_pct": 64.93247215507022, "lane_volatility_cv": 0.5560974365023843, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "long_distance_without_fta", "limited_history" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DOM", "distance_km": 8542, "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": 0, "rta_coverage_ratio": 2, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 1, "importer_is_eu": 0, "importer_gdp_million_usd": 94243.45393700001, "importer_gdp_per_capita_usd": 8603.789905140851, "importer_population": 10953.714, "importer_biz_entry_days": 16.5, "importer_biz_entry_cost_pct": 13.7, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 9.334446326436781, "avg_mfn_tariff_pct": 9.807268879693487, "avg_preferential_tariff_pct": 4.091861607662835, "tariff_advantage_pp": 5.715407272030651 }, "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-DOM/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-DOM/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-DOM/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-DOM/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-DOM/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" } }