# Latvia to Bangladesh HS 271019 new corridor signal

This page reviews a reported new-corridor signal for hs 271019. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 91/100
- Reported period: 2024
- Buyer market imports: $5.4B
- Buyer market growth: -24.2%
- Current exporter share: 0.0%
- Share gap: 23.2%

## What the signal means

The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access. Compare demand, suppliers, access, and route history together before acting.

## Market opportunity

- Latest buyer imports: $5.4B
- Three-year buyer-import projection: $7.7B
- Supplier countries observed: 35
- Average buyer imports: $1.8B
- Historical buyer-import peak: $10.3B
- Full-history buyer-import CAGR: +12.2%
- Latest buyer-import annual change: -24.2%

## Competition landscape

- Top supplier: India
- Top supplier share: 23.2%
- Market concentration: 1,873
- Exporter share: 0.0%
- Share gap to peer benchmark: 23.2%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 6,395 km
- Trade agreement: Not reported
- Business entry time: 19.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $2.5K
- GDP per-person growth: +25.1%
- Population: 166,303k
- GDP: $416.3B
- GDP five-year CAGR: Not reported
- Investment rate: 27.7%
- Savings rate: 22.6%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $35.2K | +0.0% |

## Broader route context

Broader Latvia to Bangladesh route exports provide route context only; they are not presented as HS 271019 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $179.3K | +0.0% |
| 1998 | $15.3K | -91.5% |
| 1999 | $30.7K | +101.2% |
| 2000 | $2.4K | -92.3% |
| 2001 | $2.4K | -0.5% |
| 2002 | $1.1K | -52.4% |
| 2003 | $5.9K | +419.7% |
| 2004 | $195.8K | +3243.3% |
| 2005 | $390.6K | +99.5% |
| 2006 | $146.4K | -62.5% |
| 2007 | $528.9K | +261.4% |
| 2008 | $119.1K | -77.5% |
| 2009 | $3.4M | +2778.9% |
| 2010 | $6.8M | +98.7% |
| 2011 | $11.1M | +63.3% |
| 2012 | $30.3M | +172.7% |
| 2013 | $18.1M | -40.3% |
| 2014 | $16.3M | -9.8% |
| 2015 | $13.3M | -18.6% |
| 2016 | $10.5M | -21.1% |
| 2017 | $48.2M | +359.2% |
| 2018 | $19.7M | -59.1% |
| 2019 | $3.0M | -84.6% |
| 2020 | $3.6M | +19.9% |
| 2021 | $721.7K | -80.1% |
| 2022 | $3.6M | +397.0% |
| 2023 | $3.3M | -7.3% |
| 2024 | $1.6M | -51.2% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Latvia to Germany | HS 300214 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-deu-300214) |
| Latvia to Belgium | HS 870340 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-bel-870340) |
| Latvia to Japan | HS 880240 | New corridor | $4.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-jpn-880240) |
| Latvia to Spain | HS 870380 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-esp-870380) |
| Latvia to Switzerland | HS 870340 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-che-870340) |
| Latvia to Germany | HS 870350 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-deu-870350) |
| Latvia to Italy | HS 870360 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-ita-870360) |
| Latvia to TUR | HS 870321 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-tur-870321) |

## Frequently asked questions

### What does a new corridor signal mean?

It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales.

### Is the market opportunity reported trade?

Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast.

### What should exporters check next?

Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route.

## Method

The signal is a calculated research indicator based on available reported trade observations. It is not a confirmed order, sales forecast, or guarantee of market entry. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.