{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:17.380Z", "seo": { "title": "Latvia exports to the United Kingdom: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to the United Kingdom, 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": "GBR", "country_name": "United Kingdom" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "GBR", "all_history_lane_count": 350, "current_lane_count": 241, "current_product_count": 241, "first_observed_last_year": 1995, "latest_data_year": 2024, "current_trade_usd": 957751975.9305695, "attention_trade_usd": 586243684.977199, "critical_trade_usd": 72589482.6829754, "high_volatility_trade_usd": 516458110.3100946, "unrecovered_drawdown_trade_usd": 247672571.0577977, "declining_demand_trade_usd": 1165495.6020036445, "concentrated_market_trade_usd": 699488118.3240594, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 1, "high_attention_lane_count": 28, "high_volatility_lane_count": 177, "unrecovered_drawdown_lane_count": 77, "declining_demand_lane_count": 5, "concentrated_market_lane_count": 74, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.021454504006066, "trade_weighted_below_peak_pct": 28.074230097849224, "product_concentration_hhi": 825.4390768728817, "top1_product_share_pct": 20.230595937714764, "top3_product_share_pct": 43.580823051176246, "top_product_hs6": "440131", "top_product_trade_usd": 193758932.33599266, "top_product_description": "Wood: for fuel, sawdust and wood waste and scrap, agglomerated in wood pellets", "top_attention_product_hs6": "440131", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 1680.3887939453125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.4039030969142914, "has_reported_fta": 1, "avg_applied_tariff_pct": 0, "avg_mfn_tariff_pct": 0, "avg_preferential_tariff_pct": 0, "tariff_advantage_pp": 0, "buyer_biz_entry_days": 4.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 3186859.739185, "buyer_gdp_pc_latest": 47334, "buyer_population_latest": 67326.569, "buyer_gdp_5y_cagr_pct": 5.090346724339945, "buyer_gdp_pc_5y_cagr_pct": 4.290378476461543, "buyer_population_5y_cagr_pct": 0.7670585336488678, "buyer_investment_5y_avg_pct": 17.965999999999998, "buyer_savings_5y_avg_pct": 15.626, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 61.21038637457195, "critical_trade_share_pct": 7.57915248490572, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "declining_buyer_demand", "concentrated_buyer_markets" ], "attention_level": "High attention", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 3186859.739185, "buyer_gdp_pc_2024": 47334, "buyer_population_2024": 67326.569 }, "history": [ { "year": 1995, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 215695588.72854996, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 423282514.6660793, "yoy_growth_pct": 96.24069141199485, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 497241841.11217934, "yoy_growth_pct": 17.472804541535435, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 428750823.3509773, "yoy_growth_pct": -13.774186341199357, "cagr_3y_pct": 25.734531506135873 }, { "year": 1999, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 386309946.2212461, "yoy_growth_pct": -9.898727843372301, "cagr_3y_pct": -3.000717806599784 }, { "year": 2000, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 332907384.99586016, "yoy_growth_pct": -13.82376036334344, "cagr_3y_pct": -12.518023246917508 }, { "year": 2001, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 335460195.1202398, "yoy_growth_pct": 0.7668229181552633, "cagr_3y_pct": -7.853535644655829 }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 464562540.5194388, "yoy_growth_pct": 38.48514586147085, "cagr_3y_pct": 6.3414960973306345 }, { "year": 2003, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 594029301.6626674, "yoy_growth_pct": 27.868532189114646, "cagr_3y_pct": 21.290879775550174 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 899145093.7911052, "yoy_growth_pct": 51.363761227675006, "cagr_3y_pct": 38.90874721895328 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1248230435.9157753, "yoy_growth_pct": 38.82413912228628, "cagr_3y_pct": 39.02199825489922 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1721755896.1315088, "yoy_growth_pct": 37.93574059651312, "cagr_3y_pct": 42.578673644767086 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1113934153.6390295, "yoy_growth_pct": -35.30243421022404, "cagr_3y_pct": 7.401392855880551 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 668091180.8813624, "yoy_growth_pct": -40.02417659079538, "cagr_3y_pct": -18.807921946745232 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 422697828.8124835, "yoy_growth_pct": -36.730518092627705, "cagr_3y_pct": -37.38388101645933 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 544214903.6187679, "yoy_growth_pct": 28.74797704726124, "cagr_3y_pct": -21.240375468532346 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 590644635.6879013, "yoy_growth_pct": 8.531506902952856, "cagr_3y_pct": -4.023809388789545 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 488353537.77869374, "yoy_growth_pct": -17.318551922523262, "cagr_3y_pct": 4.930427051529462 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 681765165.4392744, "yoy_growth_pct": 39.604838031956405, "cagr_3y_pct": 7.8006696780642315 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 649611107.2823093, "yoy_growth_pct": -4.716295256336201, "cagr_3y_pct": 3.2228215176315578 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 660001866.4207137, "yoy_growth_pct": 1.5995353253540845, "cagr_3y_pct": 10.561420138126065 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 798202871.1365952, "yoy_growth_pct": 20.939486954084806, "cagr_3y_pct": 5.396492800192254 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 729422163.8377029, "yoy_growth_pct": -8.616945614459215, "cagr_3y_pct": 3.938195138549694 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 950837963.0981123, "yoy_growth_pct": 30.354959067253496, "cagr_3y_pct": 12.94156025900406 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 903211539.3027687, "yoy_growth_pct": -5.00888959462269, "cagr_3y_pct": 4.2058412392012245 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 895093379.1810267, "yoy_growth_pct": -0.8988104965984789, "cagr_3y_pct": 7.060630437938231 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1456890376.4907308, "yoy_growth_pct": 62.7640657809049, "cagr_3y_pct": 15.285172531240153 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1161264700.3800898, "yoy_growth_pct": -20.291552534153332, "cagr_3y_pct": 8.737810113844224 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 962076227.8094577, "yoy_growth_pct": -17.152719143657457, "cagr_3y_pct": 2.4346873695925364 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "GBR", "export_value_usd": 1038194117.9950063, "yoy_growth_pct": 7.9118356721962435, "cagr_3y_pct": -10.679619773551952 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "GBR", "hs_code": "440131", "hs_description": "Wood: for fuel, sawdust and wood waste and scrap, agglomerated in wood pellets", "buyer_imports_latest_usd": 1869102292.3410063, "current_below_peak_pct": 9.466357641343857, "lane_volatility_cv": 1.2363451163651955, "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": "GBR", "hs_code": "440712", "hs_description": "Wood: coniferous species, of fir (Abies spp.) and spruce (Picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm", "buyer_imports_latest_usd": 1191018564.3035986, "current_below_peak_pct": 32.0018712555037, "lane_volatility_cv": 0.3390406281672294, "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": "GBR", "hs_code": "440711", "hs_description": "Wood: coniferous species, of pine (Pinus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm", "buyer_imports_latest_usd": 484549524.95216954, "current_below_peak_pct": 67.40493501792538, "lane_volatility_cv": 0.5098584003808091, "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" ] }, { "exporter_iso3": "LVA", "importer_iso3": "GBR", "hs_code": "440719", "hs_description": "Wood: coniferous species, other than of pine (Pinus spp.) or fir (Abies spp.) or spruce (Picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm", "buyer_imports_latest_usd": 114998496.48046866, "current_below_peak_pct": 54.139722362994334, "lane_volatility_cv": 0.6442389352860948, "attention_level": "Critical 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": "GBR", "hs_code": "440112", "hs_description": "Wood: for fuel, in logs, in billets, in twigs, in faggots or similar forms, whether or not agglomerated, non-coniferous", "buyer_imports_latest_usd": 85461486.14536604, "current_below_peak_pct": 2.7468671483027696, "lane_volatility_cv": 1.7129077280053995, "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": "GBR", "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": 417322583.7751137, "current_below_peak_pct": 0, "lane_volatility_cv": 0.5045415145909891, "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": "GBR", "hs_code": "120510", "hs_description": "Oil seeds: low erucic acid rape or colza seeds, whether or not broken", "buyer_imports_latest_usd": 323272753.3870981, "current_below_peak_pct": 36.216651823482806, "lane_volatility_cv": 1.2063565288074096, "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": "GBR", "hs_code": "441012", "hs_description": "Oriented strand board (OSB) of wood, whether or not agglomerated with resins or other organic binding substances", "buyer_imports_latest_usd": 126108600.44818428, "current_below_peak_pct": 48.71963612156425, "lane_volatility_cv": 1.1246902518114426, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "GBR", "hs_code": "440410", "hs_description": "Wood: coniferous, split poles, piles, pickets, stakes, pointed but not sawn lengthwise: sticks for umbrellas, tool handles etc, roughly trimmed but not turned or bent: chipwood etc, hoopwood", "buyer_imports_latest_usd": 34267289.463661365, "current_below_peak_pct": 20.451102764010518, "lane_volatility_cv": 1.0245221269238658, "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": "GBR", "hs_code": "761010", "hs_description": "Aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors", "buyer_imports_latest_usd": 261856565.15253362, "current_below_peak_pct": 0, "lane_volatility_cv": 1.7039835709372975, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "GBR", "distance_km": 1681, "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": 3186859.739185, "importer_gdp_per_capita_usd": 47334.35531498716, "importer_population": 67326.569, "importer_biz_entry_days": 4.5, "importer_biz_entry_cost_pct": 0, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 0, "avg_mfn_tariff_pct": 0, "avg_preferential_tariff_pct": 0, "tariff_advantage_pp": 0 }, "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-GBR/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-GBR/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-GBR/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-GBR/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-GBR/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" } }