# Latvia exports to South Korea: Trade Route Risk | Yugalinks

Understand reported exports from Latvia to South Korea, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/LVA-KOR/risk

## Route overview

In 2024, Latvia reported $89.6M in goods exports to South Korea. The overall review level is High attention.

## How to read this page

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. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $89.6M | 2024 route total |
| Exports needing review | 38.2% | Share of route exports |
| Highest-priority products | 1 | Need the closest review |
| Products needing review | 6 | High-attention product types |
| Export volatility | 0.9 | Higher means bigger yearly swings |
| Below highest year | 17.9% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 441233 | 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 | $189.5M | 0% | Watch |
| 2 | 440712 | 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 | $187.9M | 11.6% | Stable |
| 3 | 270300 | Peat: (including peat litter), whether or not agglomerated | $18.0M | 0.8% | High attention |
| 4 | 440711 | 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 | $168.1M | 63.1% | Critical attention |
| 5 | 871000 | Tanks and other armoured fighting vehicles: motorised, whether or not fitted with weapons, and parts of such vehicles | $188.9M | 0% | High attention |
| 6 | 440910 | Wood: coniferous (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed | $14.2M | 70% | High attention |
| 7 | 040410 | Dairy produce: whey, whether or not concentrated or containing added sugar or other sweetening matter | $41.4M | 39.9% | Stable |
| 8 | 701939 | Glass fibres: webs, mattresses, boards and similar non-woven products excluding mats and thin sheets | $57.0M | 24.9% | High attention |
| 9 | 441520 | Wood: pallets, box pallets and other load boards: pallet collars | $28.8M | 56% | High attention |
| 10 | 440799 | Wood: sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm, n.e.c. in heading no. 4407 | $21.6M | 67.9% | High attention |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.