{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:21.806Z", "seo": { "title": "Latvia exports to Oman: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to Oman, 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": "OMN", "country_name": "Oman" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "OMN", "all_history_lane_count": 26, "current_lane_count": 3, "current_product_count": 3, "first_observed_last_year": 2006, "latest_data_year": 2024, "current_trade_usd": 316739.4420504627, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 154645.84058465893, "unrecovered_drawdown_trade_usd": 154645.84058465893, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 283562.2665534372, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 1, "unrecovered_drawdown_lane_count": 1, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 2, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 0.6349074384773695, "trade_weighted_below_peak_pct": 52.44372827724627, "product_concentration_hhi": 4150.109455125913, "top1_product_share_pct": 48.82430794963037, "top3_product_share_pct": 100, "top_product_hs6": "440711", "top_product_trade_usd": 154645.84058465893, "top_product_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", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 4633.48486328125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 5.686362163218391, "avg_mfn_tariff_pct": 5.686362163218391, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 4.3, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 85868.626528, "buyer_gdp_pc_latest": 16439, "buyer_population_latest": 5223.376, "buyer_gdp_5y_cagr_pct": 3.9995534721233295, "buyer_gdp_pc_5y_cagr_pct": 1.12660114097205, "buyer_population_5y_cagr_pct": 2.8409461988605056, "buyer_investment_5y_avg_pct": 25.296, "buyer_savings_5y_avg_pct": 35.593999999999994, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 0, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets" ], "attention_level": "Stable", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 85868.626528, "buyer_gdp_pc_2024": 16439, "buyer_population_2024": 5223.376 }, "history": [ { "year": 1999, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 77688.3251142532, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 2001, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 11271.656065641388, "yoy_growth_pct": -85.49118410126026, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 10789.308482945677, "yoy_growth_pct": -4.27929649278439, "cagr_3y_pct": null }, { "year": 2003, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 50229.988127713455, "yoy_growth_pct": 365.55335967184953, "cagr_3y_pct": -13.529273928639762 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 335541.13240824203, "yoy_growth_pct": 568.0095793674168, "cagr_3y_pct": 209.922194897519 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 369340.517328726, "yoy_growth_pct": 10.073097351105487, "cagr_3y_pct": 224.69662982856974 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 399982.0554435259, "yoy_growth_pct": 8.296283964839922, "cagr_3y_pct": 99.69129992658512 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 421895.5770476645, "yoy_growth_pct": 5.478626179826862, "cagr_3y_pct": 7.932706842588955 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 3454298.392676477, "yoy_growth_pct": 718.7567209992867, "cagr_3y_pct": 110.69018240068571 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 298621.62324604776, "yoy_growth_pct": -91.35507158619646, "cagr_3y_pct": -9.28197612545868 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 465677.99879100575, "yoy_growth_pct": 55.94249128011495, "cagr_3y_pct": 3.3459787119199946 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 423838.9766705393, "yoy_growth_pct": -8.98453915132109, "cagr_3y_pct": -50.30870130547469 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 11920114.89856211, "yoy_growth_pct": 2712.415930266818, "cagr_3y_pct": 241.75881873984414 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 39608532.700446956, "yoy_growth_pct": 232.2831452339845, "cagr_3y_pct": 339.77885555529974 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 1576668.0149052748, "yoy_growth_pct": -96.01937282850298, "cagr_3y_pct": 54.94579275675291 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 989586.6805849887, "yoy_growth_pct": -37.23557075872803, "cagr_3y_pct": -56.376102269455586 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 2462660.819156986, "yoy_growth_pct": 148.85751470514924, "cagr_3y_pct": -60.38387905615146 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 12873385.762581304, "yoy_growth_pct": 422.7429478895148, "cagr_3y_pct": 101.36508759608719 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 13917315.369320191, "yoy_growth_pct": 8.109207833833798, "cagr_3y_pct": 141.3795884224167 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 9800762.325019274, "yoy_growth_pct": -29.578643115148406, "cagr_3y_pct": 58.471712901716025 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 2378925.7682467783, "yoy_growth_pct": -75.72713540686642, "cagr_3y_pct": -43.040954574415224 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 4084368.9676406723, "yoy_growth_pct": 71.68963496707896, "cagr_3y_pct": -33.54568795341155 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 1704530.7181945306, "yoy_growth_pct": -58.266975101929894, "cagr_3y_pct": -44.18105057877819 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 1897727.4002678057, "yoy_growth_pct": 11.334303337044727, "cagr_3y_pct": -7.256322529242576 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "OMN", "export_value_usd": 2188378.2702199095, "yoy_growth_pct": 15.315733435217705, "cagr_3y_pct": -18.779471961994965 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "OMN", "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": 18873675.722916596, "current_below_peak_pct": 71.05641506571646, "lane_volatility_cv": 1.0679129692314635, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "LVA", "importer_iso3": "OMN", "hs_code": "382440", "hs_description": "Cements, mortars or concretes: their prepared additives", "buyer_imports_latest_usd": 17734533.189256918, "current_below_peak_pct": 43.612892263803374, "lane_volatility_cv": 0.27887779814543445, "attention_level": "Watch", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "limited_history" ] }, { "exporter_iso3": "LVA", "importer_iso3": "OMN", "hs_code": "040610", "hs_description": "Dairy produce: fresh cheese (including whey cheese), not fermented, and curd", "buyer_imports_latest_usd": 10661890.320577048, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "attention_level": "Watch", "primary_risk_reason": "The lane has limited historical coverage", "risk_driver_labels": [ "limited_history" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "OMN", "distance_km": 4627, "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": 0, "rta_coverage_ratio": null, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 1, "importer_is_eu": 0, "importer_gdp_million_usd": 85868.626528, "importer_gdp_per_capita_usd": 16439.296448886696, "importer_population": 5223.376, "importer_biz_entry_days": 4.3, "importer_biz_entry_cost_pct": 3.1, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 5.686362163218391, "avg_mfn_tariff_pct": 5.686362163218391, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null }, "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-OMN/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-OMN/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-OMN/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-OMN/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-OMN/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" } }