Trade route overview

Russia 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.

RUS-LVA2024 reported exports61 product typesCritical attention review level
Latest reported exports$355.3M2024 route total
Highest-priority products6Need the closest review
Products needing review10High-attention product types
Exports needing review83.5%Share of route exports
Overall review levelCritical attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Russia reported $355.3M in goods exports to Latvia. 10 product types are marked for closer review, covering 83.5% 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 Russia to Latvia in the latest available year.

$355.3M 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.

83.5% 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.

61 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 Russia to Latvia. Bar lengths are relative to the highest year shown.

Latest annual total$392.0M2024 annual history
Highest year$9.8B2014 annual history
Latest below highest96%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
$296.4M
Still below the previous high
$157.6M
Buyer demand is falling
$0.0
Product mix is concentrated
$289.6M
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 volatility1.4Higher means bigger yearly swings
Below highest year42.8%Compared with the route's best year
Product concentration (HHI)1,339.60-10,000 scale; higher means fewer products dominate
Largest product share29.4%Share from the biggest product

Largest product

Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711

Product code HS6 271119 makes up 29.4% of exports from Russia to Latvia. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$104.5M2024 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 Russia exports to Latvia
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711HS6 271119 - six-digit product code$116.6M8.1%1.6High attention
2Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of sunflower seed oilsHS6 230630 - six-digit product code$59.2M49.3%1.1High attention
3Electrical energyHS6 271600 - six-digit product code$658.5M86.4%1.1Critical attention
4Dog or cat food: (not put up for retail sale), used in animal feedingHS6 230990 - six-digit product code$80.3M0%2.6Watch
5Petroleum gases and other gaseous hydrocarbons: liquefied, propaneHS6 271112 - six-digit product code$31.6M61.3%0.8Critical attention
6Cereals: maize (corn), other than seedHS6 100590 - six-digit product code$24.5M68.3%1.3Critical attention
7Vegetable oils: low erucic acid rape or colza oil and its fractions, crudeHS6 151411 - six-digit product code$60.6M76.1%0.9High attention
8Product 271019HS6 271019 - six-digit product code$1.1B99.8%1.4Critical attention
9Vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, driedHS6 071310 - six-digit product code$18.4M66.1%1.7Critical attention
10Oil seeds: linseed, whether or not brokenHS6 120400 - six-digit product code$13.1M57.2%1Critical attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from Russia. "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 markets848 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff3.4%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 borderYesDo 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 Russia export to Latvia?

Russia reported $355.3M in goods exports to Latvia in 2024.

What does "exports needing review" mean?

83.5% 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.