Trade route overview

Latvia exports to Norway
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-NOR2024 reported exports290 product typesWatch review level
Latest reported exports$326.5M2024 route total
Highest-priority products0Need the closest review
Products needing review10High-attention product types
Exports needing review14.8%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 $326.5M in goods exports to Norway. 10 product types are marked for closer review, covering 14.8% 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 Norway in the latest available year.

$326.5M 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.

14.8% 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.

290 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 Norway. Bar lengths are relative to the highest year shown.

Latest annual total$360.6M2024 annual history
Highest year$451.4M2012 annual history
Latest below highest20.1%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
$115.2M
Still below the previous high
$73.6M
Buyer demand is falling
$0.0
Product mix is concentrated
$58.9M
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 volatility1.1Higher means bigger yearly swings
Below highest year27.4%Compared with the route's best year
Product concentration (HHI)242.10-10,000 scale; higher means fewer products dominate
Largest product share6.3%Share from the biggest product

Largest product

Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308

Product code HS6 730890 makes up 6.3% of exports from Latvia to Norway. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$20.6M2024 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 Norway
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308HS6 730890 - six-digit product code$954.6M41.8%0.9Stable
2Plywood: 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$53.2M0%0.9Stable
3Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of low erucic acid rape or colza seed oilsHS6 230641 - six-digit product code$72.0M12.6%0.6Stable
4Printed matter: books, brochures, leaflets and similar printed matter n.e.c. in item no. 4901.10 or 4901.91HS6 490199 - six-digit product code$96.8M27.7%0.8Stable
5Iron or steel: structures and parts thereof, doors, windows and their frames and thresholds for doorsHS6 730830 - six-digit product code$86.8M0%0.8Stable
6Food preparations: sweet biscuits, whether or not containing cocoaHS6 190531 - six-digit product code$59.3M0%2.4Watch
7Vehicle parts and accessories: n.e.c. in heading no. 8708HS6 870899 - six-digit product code$276.9M0%1.1Watch
8Oriented strand board (OSB) of wood, whether or not agglomerated with resins or other organic binding substancesHS6 441012 - six-digit product code$22.4M65.9%0.9High attention
9Buildings: prefabricated, of woodHS6 940610 - six-digit product code$155.4M78.5%0.8High attention
10Plastics: other articles n.e.s. in chapter 39HS6 392690 - six-digit product code$428.3M0%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 markets843 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff5.7%Average tax applied to imports
Buyer economy size$482.4B2024 gross domestic product
Buyer GDP per person$89.2KCurrent-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 time4 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 Norway?

Latvia reported $326.5M in goods exports to Norway in 2024.

What does "exports needing review" mean?

14.8% 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.