Trade route overview

Latvia exports to Spain
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-ESP2024 reported exports198 product typesWatch review level
Latest reported exports$198.4M2024 route total
Highest-priority products1Need the closest review
Products needing review11High-attention product types
Exports needing review23.9%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 $198.4M in goods exports to Spain. 11 product types are marked for closer review, covering 23.9% 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 Spain in the latest available year.

$198.4M 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.

23.9% 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.

198 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 Spain. Bar lengths are relative to the highest year shown.

Latest annual total$236.0M2024 annual history
Highest year$476.6M2014 annual history
Latest below highest50.5%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
$105.7M
Still below the previous high
$34.5M
Buyer demand is falling
$94.8K
Product mix is concentrated
$53.8M
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 year19.7%Compared with the route's best year
Product concentration (HHI)340.10-10,000 scale; higher means fewer products dominate
Largest product share8.3%Share from the biggest product

Largest product

Vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried

Product code HS6 071310 makes up 8.3% of exports from Latvia to Spain. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$16.5M2024 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 Spain
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, driedHS6 071310 - six-digit product code$42.6M0%1.9Watch
2Cereals: rye, other than seedHS6 100290 - six-digit product code$50.9M15.5%0.8Stable
3Cereals: maize (corn), other than seedHS6 100590 - six-digit product code$1.9B68.6%1.3Critical attention
4Peat: (including peat litter), whether or not agglomeratedHS6 270300 - six-digit product code$58.8M10.2%0.7Stable
5Plywood: 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$70.9M0%0.6Stable
6Yarn, synthetic: filament, monofilament (less than 67 decitex), of high tenacity nylon or other polyamides, other than aramids, not for retail sale, not sewing threadHS6 540219 - six-digit product code$19.7M0%1.2High attention
7Dog or cat food: (not put up for retail sale), used in animal feedingHS6 230990 - six-digit product code$445.9M0%1.8Watch
8Vehicles: 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$237.5M59.4%0.6High attention
9Communication 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 apparatusHS6 851762 - six-digit product code$2.3B37.1%0.8Stable
10Cereals: oats, other than seedHS6 100490 - six-digit product code$48.5M7.8%1Stable

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 markets2,716 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff1.8%Average tax applied to imports
Buyer economy size$1.4T2024 gross domestic product
Buyer GDP per person$30.1KCurrent-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 time13 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 Spain?

Latvia reported $198.4M in goods exports to Spain in 2024.

What does "exports needing review" mean?

23.9% 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.