{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:21.724Z", "seo": { "title": "Latvia exports to Singapore: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Latvia to Singapore, 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": "SGP", "country_name": "Singapore" }, "latestYear": 2024, "risk": { "exporter_iso3": "LVA", "importer_iso3": "SGP", "all_history_lane_count": 64, "current_lane_count": 21, "current_product_count": 21, "first_observed_last_year": 1995, "latest_data_year": 2024, "current_trade_usd": 4487323.610175267, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 2714634.5481700245, "unrecovered_drawdown_trade_usd": 1057961.3271298166, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 307274.65486693, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 8, "unrecovered_drawdown_lane_count": 7, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 4, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.0513736835550986, "trade_weighted_below_peak_pct": 36.52451884328395, "product_concentration_hhi": 1595.9340536296013, "top1_product_share_pct": 34.890253095153156, "top3_product_share_pct": 52.661124953433735, "top_product_hs6": "854470", "top_product_trade_usd": 1565638.5647887145, "top_product_description": "Insulated electric conductors: optical fibre cables", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 9276.8544921875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.2768999934196472, "has_reported_fta": 1, "avg_applied_tariff_pct": 0.06994320790574714, "avg_mfn_tariff_pct": 0.06994320790574714, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 1.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 396986.899888, "buyer_gdp_pc_latest": 72794, "buyer_population_latest": 5453.566, "buyer_gdp_5y_cagr_pct": 7.791336242259628, "buyer_gdp_pc_5y_cagr_pct": 6.573928477882984, "buyer_population_5y_cagr_pct": 1.1423129294040102, "buyer_investment_5y_avg_pct": 27.51, "buyer_savings_5y_avg_pct": 51.083999999999996, "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_buyer_markets" ], "attention_level": "Stable", "primary_risk_reason": "Volatile products account for the largest observed corridor exposure", "buyer_gdp_mn_2024": 396986.899888, "buyer_gdp_pc_2024": 72794, "buyer_population_2024": 5453.566 }, "history": [ { "year": 1995, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 13435097.284587605, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 9994305.965187237, "yoy_growth_pct": -25.61046821259385, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 64755112.05528165, "yoy_growth_pct": 547.920048484012, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 14970549.942441758, "yoy_growth_pct": -76.88128478619363, "cagr_3y_pct": 3.672995306157567 }, { "year": 1999, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 831649.333755255, "yoy_growth_pct": -94.4447643075722, "cagr_3y_pct": -56.342130899456166 }, { "year": 2000, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 125366.91864001774, "yoy_growth_pct": -84.9255072358524, "cagr_3y_pct": -87.53660677358906 }, { "year": 2001, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 84432.94663651995, "yoy_growth_pct": -32.651334536694485, "cagr_3y_pct": -82.19980620766776 }, { "year": 2002, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 23241596.074284412, "yoy_growth_pct": 27426.690705629924, "cagr_3y_pct": 203.46497152996278 }, { "year": 2003, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 555652.9029555203, "yoy_growth_pct": -97.60923087562682, "cagr_3y_pct": 64.26317464978564 }, { "year": 2004, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 47956682.40533268, "yoy_growth_pct": 8530.690517452687, "cagr_3y_pct": 728.1564623269517 }, { "year": 2005, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 34223700.560395814, "yoy_growth_pct": -28.63622159861873, "cagr_3y_pct": 13.768056585567322 }, { "year": 2006, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 88954937.68651004, "yoy_growth_pct": 159.92203131139487, "cagr_3y_pct": 442.98623991642285 }, { "year": 2007, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 78942240.32296959, "yoy_growth_pct": -11.255920833564781, "cagr_3y_pct": 18.073772300193937 }, { "year": 2008, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 106894919.61231695, "yoy_growth_pct": 35.40902712538556, "cagr_3y_pct": 46.17621058293473 }, { "year": 2009, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 236773846.42008197, "yoy_growth_pct": 121.50149630946517, "cagr_3y_pct": 38.586594580203794 }, { "year": 2010, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 64671507.350123465, "yoy_growth_pct": -72.6863805576804, "cagr_3y_pct": -6.430456192588451 }, { "year": 2011, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 92360777.58600129, "yoy_growth_pct": 42.81525415198934, "cagr_3y_pct": -4.75471071848399 }, { "year": 2012, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 105667381.05439176, "yoy_growth_pct": 14.407201645741985, "cagr_3y_pct": -23.580814459327172 }, { "year": 2013, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 33479278.406724386, "yoy_growth_pct": -68.3163545148421, "cagr_3y_pct": -19.70514802839871 }, { "year": 2014, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 13961394.299709225, "yoy_growth_pct": -58.2984013869754, "cagr_3y_pct": -46.730281225818615 }, { "year": 2015, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 30311980.735030048, "yoy_growth_pct": 117.11284764488998, "cagr_3y_pct": -34.04853341658758 }, { "year": 2016, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 22959111.485898778, "yoy_growth_pct": -24.257303781649362, "cagr_3y_pct": -11.815349907782036 }, { "year": 2017, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 139989995.24865788, "yoy_growth_pct": 509.73611864134256, "cagr_3y_pct": 115.63672899678848 }, { "year": 2018, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 187728137.85276935, "yoy_growth_pct": 34.101110239568456, "cagr_3y_pct": 83.64186105782537 }, { "year": 2019, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 20495719.382514473, "yoy_growth_pct": -89.08223369339082, "cagr_3y_pct": -3.7126214407625646 }, { "year": 2020, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 15390258.645956647, "yoy_growth_pct": -24.909887968672383, "cagr_3y_pct": -52.09476518629283 }, { "year": 2021, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 22055932.588847414, "yoy_growth_pct": 43.31099363714712, "cagr_3y_pct": -51.022266419629034 }, { "year": 2022, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 30300795.12396846, "yoy_growth_pct": 37.38160924235896, "cagr_3y_pct": 13.919206934557526 }, { "year": 2023, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 22751376.92442774, "yoy_growth_pct": -24.91491780547038, "cagr_3y_pct": 13.916663289338715 }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "SGP", "export_value_usd": 18623549.39268038, "yoy_growth_pct": -18.143198741151288, "cagr_3y_pct": -5.482474503399315 } ], "riskLanes": [ { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "854470", "hs_description": "Insulated electric conductors: optical fibre cables", "buyer_imports_latest_usd": 110292604.85221209, "current_below_peak_pct": 40.84465809850937, "lane_volatility_cv": 1.3524749755041328, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "381190", "hs_description": "Oxidation and gum inhibitors, viscosity improvers, anti-corrosive preparations, other prepared additives for mineral oils or liquids used as mineral oils (including gasoline), n.e.c. in heading no. 3811", "buyer_imports_latest_usd": 63429870.78590318, "current_below_peak_pct": 96.37585006652458, "lane_volatility_cv": 1.1771008316541405, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "220300", "hs_description": "Beer: made from malt", "buyer_imports_latest_usd": 105387702.26911512, "current_below_peak_pct": 2.42955424318795, "lane_volatility_cv": 0.6979082898632087, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "240210", "hs_description": "Cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto", "buyer_imports_latest_usd": 13778435.607328435, "current_below_peak_pct": 0, "lane_volatility_cv": 1.1170105024826809, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "902000", "hs_description": "Breathing appliances and gas masks: excluding protective masks having neither mechanical parts nor replaceable filters and excluding apparatus of item no. 9019.20", "buyer_imports_latest_usd": 86177330.99995548, "current_below_peak_pct": 0, "lane_volatility_cv": 0.7434110152881208, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "900110", "hs_description": "Optical fibres, optical fibre bundles and cables: excluding those of heading no. 8544", "buyer_imports_latest_usd": 10065508.135295013, "current_below_peak_pct": 73.75994882283285, "lane_volatility_cv": 0.614711479982298, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "870590", "hs_description": "Vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.s. in heading no. 8705", "buyer_imports_latest_usd": 15213117.776867628, "current_below_peak_pct": 45.571285766220065, "lane_volatility_cv": 0.6218359710068043, "attention_level": "Watch", "primary_risk_reason": "The lane has limited historical coverage", "risk_driver_labels": [ "limited_history" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "731210", "hs_description": "Iron or steel: stranded wire, ropes and cables, not electrically insulated", "buyer_imports_latest_usd": 106896788.09126556, "current_below_peak_pct": 0, "lane_volatility_cv": 1.334501305535777, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "910211", "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, (other than those of heading no. 9101) with mechanical display only", "buyer_imports_latest_usd": 149901338.31981498, "current_below_peak_pct": 68.01695259633898, "lane_volatility_cv": 0.9217424400094737, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "LVA", "importer_iso3": "SGP", "hs_code": "902580", "hs_description": "Hydrometers and similar floating instruments, barometers, hygrometers, psychrometers, thermometers, pyrometers: recording or not, any combination of these instruments (excluding thermometers and barometers not combined with other instruments)", "buyer_imports_latest_usd": 24450745.58582979, "current_below_peak_pct": 0, "lane_volatility_cv": 1.4623583348897111, "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": "SGP", "distance_km": 9265, "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": 0, "importer_gdp_million_usd": 396986.89988800004, "importer_gdp_per_capita_usd": 72794.00302260944, "importer_population": 5453.566, "importer_biz_entry_days": 1.5, "importer_biz_entry_cost_pct": 0.4, "exporter_gdp_million_usd": 38872.546229, "exporter_gdp_per_capita_usd": 20642.167922356122, "avg_applied_tariff_pct": 0.06994320790574714, "avg_mfn_tariff_pct": 0.06994320790574714, "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-SGP/risk", "html": "https://www.yugalinks.com/trade/corridor/LVA-SGP/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/LVA-SGP/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/LVA-SGP/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/LVA-SGP/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" } }