Trade route overview

Norway exports to Latvia
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.

NOR-LVA2024 reported exports110 product typesHigh attention review level
Latest reported exports$211.0M2024 route total
Highest-priority products1Need the closest review
Products needing review10High-attention product types
Exports needing review84.3%Share of route exports
Overall review levelHigh attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Norway reported $211.0M in goods exports to Latvia. 10 product types are marked for closer review, covering 84.3% 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 Norway to Latvia in the latest available year.

$211.0M 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.

84.3% 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.

110 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 Norway to Latvia. Bar lengths are relative to the highest year shown.

Latest annual total$247.9M2024 annual history
Highest year$247.9M2024 annual history
Latest below highest0%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
$174.4M
Still below the previous high
$49.7M
Buyer demand is falling
$0.0
Product mix is concentrated
$181.6M
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 volatility1.3Higher means bigger yearly swings
Below highest year29.2%Compared with the route's best year
Product concentration (HHI)2,864.70-10,000 scale; higher means fewer products dominate
Largest product share52%Share from the biggest product

Largest product

Product not reported

Product code HS6 271012 makes up 52% of exports from Norway to Latvia. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$109.8M2024 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 Norway exports to Latvia
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Product 271012HS6 271012 - six-digit product code$427.0M23.8%1.4High attention
2Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99HS6 030214 - six-digit product code$73.3M52.6%0.8High attention
3Wood: coniferous species, of fir (Abies spp.) and spruce (Picea spp.), in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, of which the smallest cross-sectional dimension is 15 cm or moreHS6 440323 - six-digit product code$40.3M59.9%1Critical attention
4Fish: fresh or chilled, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99HS6 030251 - six-digit product code$23.1M0%1.6High attention
5Fish: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99HS6 030363 - six-digit product code$24.3M36.1%1.2High attention
6Wood: coniferous species, of pine (Pinus spp.), in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, of which the smallest cross-sectional dimension is 15 cm or moreHS6 440321 - six-digit product code$28.2M60.2%1.2High attention
7Fish fillets: fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho)HS6 030441 - six-digit product code$19.0M11.1%1.2High attention
8Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rollingHS6 721420 - six-digit product code$50.1M0%1.2High attention
9Fish: fish meat (whether or not minced) other than fillets, frozen, excluding swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)HS6 030499 - six-digit product code$11.8M0%0.7Stable
10Wood: coniferous species, of pine (Pinus spp.), in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, of which any cross-sectional dimension is less than 15 cmHS6 440322 - six-digit product code$11.1M0%1Watch

Buyer-market imports are total imports of that product into the buyer market, not only exports from Norway. "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 tariff2.7%Average tax applied to imports
Buyer economy size$38.9B2024 gross domestic product
Buyer GDP per person$20.6KCurrent-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 time6 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 Norway export to Latvia?

Norway reported $211.0M in goods exports to Latvia in 2024.

What does "exports needing review" mean?

84.3% 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.