{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.423Z",
  "seo": {
    "title": "Latvia exports to Italy: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Latvia to Italy, 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": "ITA",
    "country_name": "Italy"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "LVA",
    "importer_iso3": "ITA",
    "all_history_lane_count": 277,
    "current_lane_count": 199,
    "current_product_count": 199,
    "first_observed_last_year": 1999,
    "latest_data_year": 2024,
    "current_trade_usd": 279222786.4033274,
    "attention_trade_usd": 84803362.60843095,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 169771381.90843895,
    "unrecovered_drawdown_trade_usd": 33278516.778864235,
    "declining_demand_trade_usd": 505207.269070885,
    "concentrated_market_trade_usd": 114748512.95233682,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 14,
    "high_volatility_lane_count": 137,
    "unrecovered_drawdown_lane_count": 61,
    "declining_demand_lane_count": 2,
    "concentrated_market_lane_count": 44,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.2983907108323476,
    "trade_weighted_below_peak_pct": 18.13919185614355,
    "product_concentration_hhi": 403.0420246718535,
    "top1_product_share_pct": 12.596783625116693,
    "top3_product_share_pct": 28.702859973238066,
    "top_product_hs6": "720110",
    "top_product_trade_usd": 35173090.2352489,
    "top_product_description": "Iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms",
    "top_attention_product_hs6": "720110",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 1869.573974609375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.12276720255613327,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 1.7530337023754787,
    "avg_mfn_tariff_pct": 2.399141908429119,
    "avg_preferential_tariff_pct": 1.1658888870498085,
    "tariff_advantage_pp": 1.2332530213793103,
    "buyer_biz_entry_days": 11,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 2099880.198259,
    "buyer_gdp_pc_latest": 35551,
    "buyer_population_latest": 59066.223,
    "buyer_gdp_5y_cagr_pct": 3.3456337761183397,
    "buyer_gdp_pc_5y_cagr_pct": 3.6164129413341017,
    "buyer_population_5y_cagr_pct": -0.26132844935394806,
    "buyer_investment_5y_avg_pct": 21.387999999999998,
    "buyer_savings_5y_avg_pct": 22.601999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 30.371218517222125,
    "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": 2099880.198259,
    "buyer_gdp_pc_2024": 35551,
    "buyer_population_2024": 59066.223
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 23919222.275862478,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 16877352.897431683,
      "yoy_growth_pct": -29.440210460090633,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 18554412.38519372,
      "yoy_growth_pct": 9.93674480799205,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 39456476.982965365,
      "yoy_growth_pct": 112.65279742543251,
      "cagr_3y_pct": 18.156354591205925
    },
    {
      "year": 1999,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 38826244.04192208,
      "yoy_growth_pct": -1.5972864006976062,
      "cagr_3y_pct": 32.01005627587905
    },
    {
      "year": 2000,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 39695462.02011057,
      "yoy_growth_pct": 2.238738254593886,
      "cagr_3y_pct": 28.853994232867876
    },
    {
      "year": 2001,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 37406011.53995217,
      "yoy_growth_pct": -5.767537052468407,
      "cagr_3y_pct": -1.763164038709919
    },
    {
      "year": 2002,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 48869283.09308305,
      "yoy_growth_pct": 30.64553284673861,
      "cagr_3y_pct": 7.9701064000571975
    },
    {
      "year": 2003,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 68491031.42927128,
      "yoy_growth_pct": 40.15149618383802,
      "cagr_3y_pct": 19.940065528769168
    },
    {
      "year": 2004,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 66671194.64343293,
      "yoy_growth_pct": -2.6570439192723283,
      "cagr_3y_pct": 21.245495075116484
    },
    {
      "year": 2005,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 70099720.68054117,
      "yoy_growth_pct": 5.142439782944486,
      "cagr_3y_pct": 12.778619234361411
    },
    {
      "year": 2006,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 96208208.50824305,
      "yoy_growth_pct": 37.24478154012001,
      "cagr_3y_pct": 11.993497356121964
    },
    {
      "year": 2007,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 107322491.22504441,
      "yoy_growth_pct": 11.552322706278328,
      "cagr_3y_pct": 17.197271992875372
    },
    {
      "year": 2008,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 130734798.43730389,
      "yoy_growth_pct": 21.81491218198264,
      "cagr_3y_pct": 23.090623452213023
    },
    {
      "year": 2009,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 97539376.18510406,
      "yoy_growth_pct": -25.391420378499507,
      "cagr_3y_pct": 0.4590997559322352
    },
    {
      "year": 2010,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 145000127.39627668,
      "yoy_growth_pct": 48.658042595130624,
      "cagr_3y_pct": 10.550118610126802
    },
    {
      "year": 2011,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 150956155.9992739,
      "yoy_growth_pct": 4.107602324182613,
      "cagr_3y_pct": 4.910721920450634
    },
    {
      "year": 2012,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 135116870.95212623,
      "yoy_growth_pct": -10.492639364256107,
      "cagr_3y_pct": 11.474757219731458
    },
    {
      "year": 2013,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 146562174.44943753,
      "yoy_growth_pct": 8.470669440951252,
      "cagr_3y_pct": 0.3578091601630584
    },
    {
      "year": 2014,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 163520898.06175384,
      "yoy_growth_pct": 11.571009829802236,
      "cagr_3y_pct": 2.7008753223118243
    },
    {
      "year": 2015,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 131668204.48079419,
      "yoy_growth_pct": -19.479279993270616,
      "cagr_3y_pct": -0.8581288381302565
    },
    {
      "year": 2016,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 142983428.1338828,
      "yoy_growth_pct": 8.593740377722781,
      "cagr_3y_pct": -0.8206475192280904
    },
    {
      "year": 2017,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 170855425.29187304,
      "yoy_growth_pct": 19.493166111454705,
      "cagr_3y_pct": 1.473312264709814
    },
    {
      "year": 2018,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 197997512.9844263,
      "yoy_growth_pct": 15.885996974451544,
      "cagr_3y_pct": 14.567017491967228
    },
    {
      "year": 2019,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 247324072.71185178,
      "yoy_growth_pct": 24.912716823521585,
      "cagr_3y_pct": 20.04025095634361
    },
    {
      "year": 2020,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 204036501.31113973,
      "yoy_growth_pct": -17.502368825676264,
      "cagr_3y_pct": 6.094539321132886
    },
    {
      "year": 2021,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 270422093.4026189,
      "yoy_growth_pct": 32.53613528211125,
      "cagr_3y_pct": 10.950043902893691
    },
    {
      "year": 2022,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 320758692.49466723,
      "yoy_growth_pct": 18.61408528374364,
      "cagr_3y_pct": 9.052932457408659
    },
    {
      "year": 2023,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 304464405.0070693,
      "yoy_growth_pct": -5.079920784335046,
      "cagr_3y_pct": 14.272804541795093
    },
    {
      "year": 2024,
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "export_value_usd": 320182387.1766312,
      "yoy_growth_pct": 5.162502384867285,
      "cagr_3y_pct": 5.791738959345527
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "hs_code": "720110",
      "hs_description": "Iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms",
      "buyer_imports_latest_usd": 495757233.53065026,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6671335313888787,
      "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": "ITA",
      "hs_code": "270300",
      "hs_description": "Peat: (including peat litter), whether or not agglomerated",
      "buyer_imports_latest_usd": 90863791.58473894,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7154222195604727,
      "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": "ITA",
      "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": 162838499.96879166,
      "current_below_peak_pct": 31.315818400602907,
      "lane_volatility_cv": 0.6812386671160912,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "hs_code": "901890",
      "hs_description": "Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018",
      "buyer_imports_latest_usd": 1726909001.2177203,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4118885444910383,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "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": 3309942270.140856,
      "current_below_peak_pct": 31.887263573873675,
      "lane_volatility_cv": 1.049563803452382,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "hs_code": "040610",
      "hs_description": "Dairy produce: fresh cheese (including whey cheese), not fermented, and curd",
      "buyer_imports_latest_usd": 1175373769.5723493,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3695180913436447,
      "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": "ITA",
      "hs_code": "382478",
      "hs_description": "Mixtures containing halogenated derivatives of methane, ethane or propane: containing perfluorocarbons (PFCs) or hydrofluorocarbons (HFCs), but not containing chlorofluorocarbons (CFCs) or hydrochlorofluorocarbons (HCFCs)",
      "buyer_imports_latest_usd": 160209956.9471188,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.508076034436321,
      "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": "ITA",
      "hs_code": "701959",
      "hs_description": "Glass fibres: woven fabrics (other than of rovings), n.e.s. in item no. 7019.5",
      "buyer_imports_latest_usd": 72994607.8187896,
      "current_below_peak_pct": 9.231945898951112,
      "lane_volatility_cv": 0.9054135434836187,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "ITA",
      "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": 449346501.3594218,
      "current_below_peak_pct": 45.84960319325219,
      "lane_volatility_cv": 0.7045709800809627,
      "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": "ITA",
      "hs_code": "870899",
      "hs_description": "Vehicle parts and accessories: n.e.c. in heading no. 8708",
      "buyer_imports_latest_usd": 2389653930.2645435,
      "current_below_peak_pct": 45.494959428978646,
      "lane_volatility_cv": 2.9781097513938644,
      "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": "ITA",
    "distance_km": 1868,
    "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": 1,
    "importer_gdp_million_usd": 2099880.198259,
    "importer_gdp_per_capita_usd": 35551.286193786254,
    "importer_population": 59066.223,
    "importer_biz_entry_days": 11,
    "importer_biz_entry_cost_pct": 13.8,
    "exporter_gdp_million_usd": 38872.546229,
    "exporter_gdp_per_capita_usd": 20642.167922356122,
    "avg_applied_tariff_pct": 1.7530337023754787,
    "avg_mfn_tariff_pct": 2.399141908429119,
    "avg_preferential_tariff_pct": 1.1658888870498085,
    "tariff_advantage_pp": 1.2332530213793103
  },
  "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-ITA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/LVA-ITA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/LVA-ITA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/LVA-ITA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-ITA/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"
  }
}