{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:20.004Z",
  "seo": {
    "title": "Latvia exports to Portugal: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Latvia to Portugal, 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": "PRT",
    "country_name": "Portugal"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "LVA",
    "importer_iso3": "PRT",
    "all_history_lane_count": 86,
    "current_lane_count": 55,
    "current_product_count": 55,
    "first_observed_last_year": 1997,
    "latest_data_year": 2024,
    "current_trade_usd": 40969334.6255961,
    "attention_trade_usd": 3393260.208877205,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 34334167.39474265,
    "unrecovered_drawdown_trade_usd": 2199421.9283987232,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 8218266.500685629,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 40,
    "unrecovered_drawdown_lane_count": 10,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 20,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.3753083976312184,
    "trade_weighted_below_peak_pct": 18.557341399311575,
    "product_concentration_hhi": 746.6804629116682,
    "top1_product_share_pct": 20.15175671073191,
    "top3_product_share_pct": 36.3791553618921,
    "top_product_hs6": "100590",
    "top_product_trade_usd": 8256040.639755774,
    "top_product_description": "Cereals: maize (corn), other than seed",
    "top_attention_product_hs6": "230990",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 3152.138916015625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.13188910484313965,
    "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": 6.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 249886.464355,
    "buyer_gdp_pc_latest": 24262,
    "buyer_population_latest": 10299.423,
    "buyer_gdp_5y_cagr_pct": 5.462941650481978,
    "buyer_gdp_pc_5y_cagr_pct": 4.644844908749368,
    "buyer_population_5y_cagr_pct": 0.7817840835313117,
    "buyer_investment_5y_avg_pct": 23.083999999999996,
    "buyer_savings_5y_avg_pct": 19.34,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 8.282439145978278,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 249886.464355,
    "buyer_gdp_pc_2024": 24262,
    "buyer_population_2024": 10299.423
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 3241661.147479575,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 7152186.268388139,
      "yoy_growth_pct": 120.63337107115709,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 1624947.5375608997,
      "yoy_growth_pct": -77.28040802372576,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 1239572.590605829,
      "yoy_growth_pct": -23.716147016877322,
      "cagr_3y_pct": -27.417021992256764
    },
    {
      "year": 1999,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 1775533.8178645254,
      "yoy_growth_pct": 43.2375829637174,
      "cagr_3y_pct": -37.15124041090348
    },
    {
      "year": 2000,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 1743161.3438540217,
      "yoy_growth_pct": -1.8232530231070854,
      "cagr_3y_pct": 2.3684389886792667
    },
    {
      "year": 2001,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 16375091.845437178,
      "yoy_growth_pct": 839.3904874710486,
      "cagr_3y_pct": 136.39444124161972
    },
    {
      "year": 2002,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 19260893.411208425,
      "yoy_growth_pct": 17.623116822855312,
      "cagr_3y_pct": 121.36850212309511
    },
    {
      "year": 2003,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 24260692.124692004,
      "yoy_growth_pct": 25.95829075391729,
      "cagr_3y_pct": 140.54067943638674
    },
    {
      "year": 2004,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 44087160.06499188,
      "yoy_growth_pct": 81.72259817814896,
      "cagr_3y_pct": 39.115693955261754
    },
    {
      "year": 2005,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 27060677.864202276,
      "yoy_growth_pct": -38.620047595920695,
      "cagr_3y_pct": 12.000702792980844
    },
    {
      "year": 2006,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 9046893.018704206,
      "yoy_growth_pct": -66.56812122702935,
      "cagr_3y_pct": -28.022168884060306
    },
    {
      "year": 2007,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 6734390.23035178,
      "yoy_growth_pct": -25.561292518562883,
      "cagr_3y_pct": -46.54413213636819
    },
    {
      "year": 2008,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 4583122.616232936,
      "yoy_growth_pct": -31.94450485543765,
      "cagr_3y_pct": -44.67251424617217
    },
    {
      "year": 2009,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 6021649.128134357,
      "yoy_growth_pct": 31.3874760148531,
      "cagr_3y_pct": -12.688389874198414
    },
    {
      "year": 2010,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 4657023.4152077325,
      "yoy_growth_pct": -22.661993149863523,
      "cagr_3y_pct": -11.569235200303885
    },
    {
      "year": 2011,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 5669942.244182544,
      "yoy_growth_pct": 21.75034863829708,
      "cagr_3y_pct": 7.350907351761915
    },
    {
      "year": 2012,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 14599878.007954143,
      "yoy_growth_pct": 157.4960622029945,
      "cagr_3y_pct": 34.341830088301606
    },
    {
      "year": 2013,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 10743406.478780653,
      "yoy_growth_pct": -26.414409264738037,
      "cagr_3y_pct": 32.13296953729117
    },
    {
      "year": 2014,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 12804068.917560361,
      "yoy_growth_pct": 19.180717427472672,
      "cagr_3y_pct": 31.196763841172803
    },
    {
      "year": 2015,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 15741346.963878367,
      "yoy_growth_pct": 22.940192412504313,
      "cagr_3y_pct": 2.5410015136047903
    },
    {
      "year": 2016,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 16770665.561532196,
      "yoy_growth_pct": 6.538948668216271,
      "cagr_3y_pct": 16.00305593402076
    },
    {
      "year": 2017,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 19574562.751227517,
      "yoy_growth_pct": 16.71905732904706,
      "cagr_3y_pct": 15.198817789441987
    },
    {
      "year": 2018,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 17424806.092890795,
      "yoy_growth_pct": -10.982399380552755,
      "cagr_3y_pct": 3.444805516201055
    },
    {
      "year": 2019,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 27249416.50988866,
      "yoy_growth_pct": 56.38289668546865,
      "cagr_3y_pct": 17.56254242060027
    },
    {
      "year": 2020,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 29234872.928015728,
      "yoy_growth_pct": 7.2862346149927815,
      "cagr_3y_pct": 14.306180599915441
    },
    {
      "year": 2021,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 36393621.12721239,
      "yoy_growth_pct": 24.487016642157002,
      "cagr_3y_pct": 27.825972415654675
    },
    {
      "year": 2022,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 37354178.11433342,
      "yoy_growth_pct": 2.6393553523114566,
      "cagr_3y_pct": 11.086340309272714
    },
    {
      "year": 2023,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 67833318.9164429,
      "yoy_growth_pct": 81.59499777727441,
      "cagr_3y_pct": 32.38759276340579
    },
    {
      "year": 2024,
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "export_value_usd": 49264777.59499639,
      "yoy_growth_pct": -27.37377680770602,
      "cagr_3y_pct": 10.620874050363827
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "100590",
      "hs_description": "Cereals: maize (corn), other than seed",
      "buyer_imports_latest_usd": 342837015.6022196,
      "current_below_peak_pct": 36.79459447497671,
      "lane_volatility_cv": 1.5544147164278854,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "230990",
      "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding",
      "buyer_imports_latest_usd": 161093385.92825088,
      "current_below_peak_pct": 4.1991957307619145,
      "lane_volatility_cv": 1.2224183719800388,
      "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": "PRT",
      "hs_code": "100390",
      "hs_description": "Cereals: barley, other than seed",
      "buyer_imports_latest_usd": 104370783.90428418,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3045296832070432,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 2111850043.6098886,
      "current_below_peak_pct": 24.061007053191,
      "lane_volatility_cv": 1.9076355547605335,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "853950",
      "hs_description": "Lamps: light-emitting diode (LED) lamps",
      "buyer_imports_latest_usd": 26049045.034735076,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.2524143998443364,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "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": 507231118.61457294,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7522597491721184,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "540219",
      "hs_description": "Yarn, synthetic: filament, monofilament (less than 67 decitex), of high tenacity nylon or other polyamides, other than aramids, not for retail sale, not sewing thread",
      "buyer_imports_latest_usd": 40536023.58958192,
      "current_below_peak_pct": 42.60573728956181,
      "lane_volatility_cv": 1.0163974051489295,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "440910",
      "hs_description": "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",
      "buyer_imports_latest_usd": 14036550.858357862,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7887220854822483,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "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": 10779764.418559136,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.646705762767727,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LVA",
      "importer_iso3": "PRT",
      "hs_code": "870829",
      "hs_description": "Vehicles: parts and accessories, of bodies, other than safety seat belts",
      "buyer_imports_latest_usd": 405495756.9812591,
      "current_below_peak_pct": 27.38718098178328,
      "lane_volatility_cv": 2.0320124558653037,
      "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": "PRT",
    "distance_km": 3156,
    "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": 249886.46435499997,
    "importer_gdp_per_capita_usd": 24262.180935281518,
    "importer_population": 10299.423,
    "importer_biz_entry_days": 6.5,
    "importer_biz_entry_cost_pct": 1.9,
    "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-PRT/risk",
    "html": "https://www.yugalinks.com/trade/corridor/LVA-PRT/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/LVA-PRT/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/LVA-PRT/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-PRT/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"
  }
}