{ "template": "new-corridor-signal", "templateName": "New Corridor Signal", "source": "api", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-kor-320890", "seo": { "title": "Latvia to KOR new corridor | HS 320890 | Yugalinks", "description": "Reported new-corridor signal for Latvia to KOR in paints and varnishes (HS 320890), with market demand, growth, share, competition, access, and evidence.", "robots": "index, follow" }, "breadcrumbs": [ { "name": "Home", "url": "https://www.yugalinks.com/" }, { "name": "Trade data", "url": "https://www.yugalinks.com/trade/signal/new-corridor/" }, { "name": "New corridor signals", "url": "https://www.yugalinks.com/trade/signal/new-corridor/" }, { "name": "LVA-KOR-HS 320890", "url": "https://www.yugalinks.com/trade/signal/new-corridor/lva-kor-320890" } ], "exporter": { "iso3": "LVA", "country_name": "Latvia" }, "importer": { "iso3": "KOR", "country_name": "KOR" }, "hsCode": "320890", "product": "Paints and varnishes: based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium", "latestYear": 2024, "signal": { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "KOR", "hs_code": "320890", "your_market_share_pct": 0.0008797629286765799, "your_share_change_pp": 0.0008797629286765799, "market_imports_usd": 288024672.1893559, "market_yoy_growth_pct": 5.727113158251607, "market_cagr_3y_pct": -7.157631, "top_supplier_iso3": "JPN", "top_supplier_share_pct": 67.0272391942309, "your_share_gap_pp": 67.02635943130223, "num_suppliers": 45, "market_hhi": 4700.255355530509, "volatility_mean_usd": 2533.9342913641963, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 68.07933412729008 }, "market": { "exporter_iso3": "LVA", "importer_iso3": "KOR", "hs_code": "320890", "hs_description": "Paints and varnishes: based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium", "hs_chapter": "32", "hs_heading": "3208", "price_range_label": "High price range", "trade_type_label": "One-way trade", "substitution_elasticity": -5.9417028, "buyer_imports_latest_usd": 288024672.18935597, "buyer_imports_avg_usd": 250706072.61600077, "buyer_imports_peak_usd": 393166410.74556476, "buyer_cagr_full_pct": 5.3249, "buyer_yoy_avg_pct": 6.7337, "buyer_yoy_latest_pct": 5.7271, "buyer_trend_consistency_pct": 65.5172, "buyer_imports_proj_3y_usd": 336529019.47, "buyer_imports_proj_5y_usd": 373322706.94, "buyer_gdp_mn_latest": 1798533.915091, "buyer_gdp_pc_latest": 34758, "buyer_population_latest": 51744.877, "buyer_investment_rate": 32.11, "buyer_savings_rate": 33.94, "buyer_edu_secondary": 97.7, "buyer_gdp_mn_2030_proj": 1946587.96, "buyer_gdp_pc_2030_proj": 37762.75, "buyer_gdp_pc_growth_pct": 8.64, "buyer_gdp_mn_growth_pct": 8.23, "buyer_pop_growth_pct": -0.38, "exports_latest_usd": 2533.9342913641963, "exports_avg_usd": 2533.9342913641963, "exports_peak_usd": 2533.9342913641963, "share_latest_pct": 0.0008797629286765797, "share_avg_pct": 0.0008797629286765797, "share_peak_pct": 0.0008797629286765797, "share_change_1y_pp": 0.0008797629286765797, "share_trend_pp_per_yr": null, "cagr_full_pct": null, "yoy_avg_pct": null, "yoy_latest_pct": null, "trend_consistency_pct": null, "exports_proj_3y_usd": null, "exports_proj_5y_usd": null, "your_share_gap_pp": 67.0264, "addressable_proj_3y_usd": 225563150.18, "addressable_proj_5y_usd": 250224619.39, "peer_best_share_pct": 67.02723919423089, "peer_top_exporter": "JPN", "num_suppliers_latest": 45, "buyer_herfindahl_index": 4700.26, "distance_km": 7297.28857421875, "shares_official_language": 0, "common_spoken_language_score": 0, "has_wto_reported_fta": 1, "buyer_is_eu_member": 0, "buyer_biz_entry_days": 8, "shared_legal_system": 0, "shared_religion": 0, "shares_land_border": 0, "buyer_is_wto_member": 1, "lane_volatility_cv": 0, "lane_max_drawdown_pct": 0, "signal_flag": "Declining", "lane_data_years": 1, "lane_last_year": 2024 }, "access": { "lane_access_data_available": false, "exporter_iso3": "LVA", "importer_iso3": "KOR", "hs_code": "320890" }, "productHistory": [ { "year": 2024, "export_value_usd": 2533.9342913641963, "yoy_growth_pct": null, "cagr_3y_pct": null } ], "routeHistory": [ { "year": 1995, "export_value_usd": 7359262.302234208, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "export_value_usd": 7488353.414866205, "yoy_growth_pct": 1.7541311524227998, "cagr_3y_pct": null }, { "year": 1997, "export_value_usd": 2484557.4004646316, "yoy_growth_pct": -66.82104512412327, "cagr_3y_pct": null }, { "year": 1998, "export_value_usd": 2556458.7292814897, "yoy_growth_pct": 2.8939290677451046, "cagr_3y_pct": -29.703316759322163 }, { "year": 1999, "export_value_usd": 1765246.7349526996, "yoy_growth_pct": -30.949531289760568, "cagr_3y_pct": -38.22590930957009 }, { "year": 2000, "export_value_usd": 921894.4364876479, "yoy_growth_pct": -47.77532124922183, "cagr_3y_pct": -28.14162589413165 }, { "year": 2001, "export_value_usd": 706047.0101237964, "yoy_growth_pct": -23.413464472810453, "cagr_3y_pct": -34.877418075587045 }, { "year": 2002, "export_value_usd": 855539.5965069459, "yoy_growth_pct": 21.173177456971004, "cagr_3y_pct": -21.450233345888048 }, { "year": 2003, "export_value_usd": 1932168.3565156793, "yoy_growth_pct": 125.84207258255083, "cagr_3y_pct": 27.97385633559264 }, { "year": 2004, "export_value_usd": 4866431.282782877, "yoy_growth_pct": 151.86372949190707, "cagr_3y_pct": 90.30885324808241 }, { "year": 2005, "export_value_usd": 5813203.670391424, "yoy_growth_pct": 19.455168122031587, "cagr_3y_pct": 89.4051607752931 }, { "year": 2006, "export_value_usd": 13751204.64410936, "yoy_growth_pct": 136.55122758125287, "cagr_3y_pct": 92.35283577781348 }, { "year": 2007, "export_value_usd": 48154384.569235496, "yoy_growth_pct": 250.1830262548199, "cagr_3y_pct": 114.68831818389145 }, { "year": 2008, "export_value_usd": 18851461.39360232, "yoy_growth_pct": -60.85203546418908, "cagr_3y_pct": 48.01639683732546 }, { "year": 2009, "export_value_usd": 12946771.968196657, "yoy_growth_pct": -31.322184005371355, "cagr_3y_pct": -1.9892788863840827 }, { "year": 2010, "export_value_usd": 13404153.003133144, "yoy_growth_pct": 3.532780495864385, "cagr_3y_pct": -34.70681611669492 }, { "year": 2011, "export_value_usd": 26362977.617242597, "yoy_growth_pct": 96.67768348421868, "cagr_3y_pct": 11.827808130398898 }, { "year": 2012, "export_value_usd": 32023062.3715505, "yoy_growth_pct": 21.469823464121696, "cagr_3y_pct": 35.238533941847216 }, { "year": 2013, "export_value_usd": 35596711.18961762, "yoy_growth_pct": 11.15960983557267, "cagr_3y_pct": 38.48099207842712 }, { "year": 2014, "export_value_usd": 52316842.152323395, "yoy_growth_pct": 46.97099929721171, "cagr_3y_pct": 25.665391055872288 }, { "year": 2015, "export_value_usd": 51365821.12914584, "yoy_growth_pct": -1.817810448896373, "cagr_3y_pct": 17.058725486706393 }, { "year": 2016, "export_value_usd": 64982123.334337465, "yoy_growth_pct": 26.508487367420884, "cagr_3y_pct": 22.215983702139862 }, { "year": 2017, "export_value_usd": 72936998.07074912, "yoy_growth_pct": 12.241635588734589, "cagr_3y_pct": 11.712590014925773 }, { "year": 2018, "export_value_usd": 77263321.26537064, "yoy_growth_pct": 5.9315893292248845, "cagr_3y_pct": 14.577597771366912 }, { "year": 2019, "export_value_usd": 115868348.206571, "yoy_growth_pct": 49.96552867382766, "cagr_3y_pct": 21.26169631488044 }, { "year": 2020, "export_value_usd": 88426592.0191821, "yoy_growth_pct": -23.68356553980171, "cagr_3y_pct": 6.629736076519688 }, { "year": 2021, "export_value_usd": 108937184.47950974, "yoy_growth_pct": 23.1950502580472, "cagr_3y_pct": 12.133210813839689 }, { "year": 2022, "export_value_usd": 78844058.68251787, "yoy_growth_pct": -27.624291871295938, "cagr_3y_pct": -12.043477150666316 }, { "year": 2023, "export_value_usd": 79796579.55589996, "yoy_growth_pct": 1.2081073568493084, "cagr_3y_pct": -3.3651457133413887 }, { "year": 2024, "export_value_usd": 99071251.90489963, "yoy_growth_pct": 24.154760086548777, "cagr_3y_pct": -3.1148606776898458 } ], "relatedSignals": [ { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DEU", "hs_code": "300214", "your_market_share_pct": 0.000004250041563363504, "your_share_change_pp": 0.000004250041563363504, "market_imports_usd": 6930840890.892648, "market_yoy_growth_pct": -6.432083993349568, "market_cagr_3y_pct": 4.153012, "top_supplier_iso3": "IRL", "top_supplier_share_pct": 28.064439159723182, "your_share_gap_pp": 28.06443490968162, "num_suppliers": 44, "market_hhi": 1850.593104144058, "volatility_mean_usd": 294.5636185535309, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 49.41301949879634, "exporter_name": "Latvia", "importer_name": "Germany", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "870340", "your_market_share_pct": 0.00020185366070167986, "your_share_change_pp": 0.00020185366070167986, "market_imports_usd": 6924945289.672056, "market_yoy_growth_pct": 19.00098348466188, "market_cagr_3y_pct": 17.025115, "top_supplier_iso3": "FRA", "top_supplier_share_pct": 29.5542683919975, "your_share_gap_pp": 29.554066538336798, "num_suppliers": 34, "market_hhi": 1716.7085146091729, "volatility_mean_usd": 13978.255568791594, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 82.90968089461076, "exporter_name": "Latvia", "importer_name": "Belgium", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BGD", "hs_code": "271019", "your_market_share_pct": 0.0006462942302362055, "your_share_change_pp": 0.0006462942302362055, "market_imports_usd": 5446793635.637808, "market_yoy_growth_pct": -24.187868763604413, "market_cagr_3y_pct": 1.405839, "top_supplier_iso3": "IND", "top_supplier_share_pct": 23.15595198602213, "your_share_gap_pp": 23.155305691791895, "num_suppliers": 35, "market_hhi": 1873.303149186707, "volatility_mean_usd": 35202.313, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 90.93167074110383, "exporter_name": "Latvia", "importer_name": "Bangladesh", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "JPN", "hs_code": "880240", "your_market_share_pct": 0.0031392109196156565, "your_share_change_pp": 0.0031392109196156565, "market_imports_usd": 4326114785.5411415, "market_yoy_growth_pct": 61.15585727064112, "market_cagr_3y_pct": 4.42508, "top_supplier_iso3": "USA", "top_supplier_share_pct": 59.30033401485708, "your_share_gap_pp": 59.297194803937465, "num_suppliers": 20, "market_hhi": 4677.917545354674, "volatility_mean_usd": 135805.86774281497, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 100, "exporter_name": "Latvia", "importer_name": "Japan", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "ESP", "hs_code": "870380", "your_market_share_pct": 0.0004485756467443204, "your_share_change_pp": 0.0004485756467443204, "market_imports_usd": 3233269101.939429, "market_yoy_growth_pct": -32.16960429733958, "market_cagr_3y_pct": 57.131154, "top_supplier_iso3": "CHN", "top_supplier_share_pct": 41.91200963879147, "your_share_gap_pp": 41.911561063144724, "num_suppliers": 45, "market_hhi": 2419.311474691479, "volatility_mean_usd": 14503.657785009073, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 83.2301497350447, "exporter_name": "Latvia", "importer_name": "Spain", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "870340", "your_market_share_pct": 0.005804067636031403, "your_share_change_pp": 0.005804067636031403, "market_imports_usd": 1891119297.2340062, "market_yoy_growth_pct": 22.563998871463276, "market_cagr_3y_pct": 17.00764, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 27.95235152961102, "your_share_gap_pp": 27.946547461974987, "num_suppliers": 42, "market_hhi": 1212.1242663006842, "volatility_mean_usd": 109761.84308950347, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 100, "exporter_name": "Latvia", "importer_name": "Switzerland", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DEU", "hs_code": "870350", "your_market_share_pct": 0.0033623546923267924, "your_share_change_pp": 0.0033623546923267924, "market_imports_usd": 1740095547.0410182, "market_yoy_growth_pct": -24.608198417244054, "market_cagr_3y_pct": -14.507204, "top_supplier_iso3": "MEX", "top_supplier_share_pct": 58.085005637387646, "your_share_gap_pp": 58.08164328269532, "num_suppliers": 44, "market_hhi": 3942.33308230089, "volatility_mean_usd": 58508.184276903245, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 95.34448086615926, "exporter_name": "Latvia", "importer_name": "Germany", "published": true }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "ITA", "hs_code": "870360", "your_market_share_pct": 0.004526773537154945, "your_share_change_pp": 0.004526773537154945, "market_imports_usd": 1731268614.9891357, "market_yoy_growth_pct": -18.80590054595599, "market_cagr_3y_pct": 10.406485, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 42.98453736161087, "your_share_gap_pp": 42.98001058807371, "num_suppliers": 35, "market_hhi": 2302.71338446301, "volatility_mean_usd": 78370.60952039713, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 97.88317531959964, "exporter_name": "Latvia", "importer_name": "Italy", "published": true } ], "sections": { "overview": { "title": "What does this new corridor signal mean?", "summary": "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.", "reportedMarket": { "buyerMarket": "KOR", "imports": "$288.0M", "year": 2024, "annualChange": "+5.7%" }, "exporterPosition": { "exporter": "Latvia", "routeExports": "$2.5K", "currentShare": "0.0%" } }, "signal": { "title": "A new relationship in the reported trade view", "type": "New corridor", "strength": "68/100", "reportedPeriod": 2024, "marketMomentum": "+0.0%", "availableProductHistoryYears": "1" }, "market": { "latestImports": "$288.0M", "projectionThreeYears": "$336.5M", "supplierCount": "45", "averageImports": "$250.7M", "historicalPeak": "$393.2M", "fullHistoryGrowth": "+5.3%", "latestAnnualChange": "+5.7%" }, "competition": { "topSupplier": { "country": "Japan", "iso3": "JPN", "share": "67.0%" }, "marketConcentrationHhi": "4,700", "exporterShare": "0.0%", "shareGap": "67.0%" }, "access": { "appliedTariff": "Not reported", "mfnTariff": "Not reported", "preferentialTariff": "Not reported", "distance": "7,297 km", "tradeAgreement": "Reported yes", "businessEntryTime": "8 days", "sharedSpokenLanguageScore": "0" }, "economy": { "gdpPerPerson": "$34.8K", "gdpPerPersonGrowth": "+8.6%", "populationThousands": "51,745", "gdp": "$1.8T", "gdpFiveYearCagr": "Not reported", "investmentRate": "32.1%", "savingsRate": "33.9%" }, "evidence": { "productHistory": [ { "year": 2024, "export_value_usd": 2533.9342913641963, "yoy_growth_pct": null, "cagr_3y_pct": null } ], "routeHistory": [ { "year": 1995, "export_value_usd": 7359262.302234208, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "export_value_usd": 7488353.414866205, "yoy_growth_pct": 1.7541311524227998, "cagr_3y_pct": null }, { "year": 1997, "export_value_usd": 2484557.4004646316, "yoy_growth_pct": -66.82104512412327, "cagr_3y_pct": null }, { "year": 1998, "export_value_usd": 2556458.7292814897, "yoy_growth_pct": 2.8939290677451046, "cagr_3y_pct": -29.703316759322163 }, { "year": 1999, "export_value_usd": 1765246.7349526996, "yoy_growth_pct": -30.949531289760568, "cagr_3y_pct": -38.22590930957009 }, { "year": 2000, "export_value_usd": 921894.4364876479, "yoy_growth_pct": -47.77532124922183, "cagr_3y_pct": -28.14162589413165 }, { "year": 2001, "export_value_usd": 706047.0101237964, "yoy_growth_pct": -23.413464472810453, "cagr_3y_pct": -34.877418075587045 }, { "year": 2002, "export_value_usd": 855539.5965069459, "yoy_growth_pct": 21.173177456971004, "cagr_3y_pct": -21.450233345888048 }, { "year": 2003, "export_value_usd": 1932168.3565156793, "yoy_growth_pct": 125.84207258255083, "cagr_3y_pct": 27.97385633559264 }, { "year": 2004, "export_value_usd": 4866431.282782877, "yoy_growth_pct": 151.86372949190707, "cagr_3y_pct": 90.30885324808241 }, { "year": 2005, "export_value_usd": 5813203.670391424, "yoy_growth_pct": 19.455168122031587, "cagr_3y_pct": 89.4051607752931 }, { "year": 2006, "export_value_usd": 13751204.64410936, "yoy_growth_pct": 136.55122758125287, "cagr_3y_pct": 92.35283577781348 }, { "year": 2007, "export_value_usd": 48154384.569235496, "yoy_growth_pct": 250.1830262548199, "cagr_3y_pct": 114.68831818389145 }, { "year": 2008, "export_value_usd": 18851461.39360232, "yoy_growth_pct": -60.85203546418908, "cagr_3y_pct": 48.01639683732546 }, { "year": 2009, "export_value_usd": 12946771.968196657, "yoy_growth_pct": -31.322184005371355, "cagr_3y_pct": -1.9892788863840827 }, { "year": 2010, "export_value_usd": 13404153.003133144, "yoy_growth_pct": 3.532780495864385, "cagr_3y_pct": -34.70681611669492 }, { "year": 2011, "export_value_usd": 26362977.617242597, "yoy_growth_pct": 96.67768348421868, "cagr_3y_pct": 11.827808130398898 }, { "year": 2012, "export_value_usd": 32023062.3715505, "yoy_growth_pct": 21.469823464121696, "cagr_3y_pct": 35.238533941847216 }, { "year": 2013, "export_value_usd": 35596711.18961762, "yoy_growth_pct": 11.15960983557267, "cagr_3y_pct": 38.48099207842712 }, { "year": 2014, "export_value_usd": 52316842.152323395, "yoy_growth_pct": 46.97099929721171, "cagr_3y_pct": 25.665391055872288 }, { "year": 2015, "export_value_usd": 51365821.12914584, "yoy_growth_pct": -1.817810448896373, "cagr_3y_pct": 17.058725486706393 }, { "year": 2016, "export_value_usd": 64982123.334337465, "yoy_growth_pct": 26.508487367420884, "cagr_3y_pct": 22.215983702139862 }, { "year": 2017, "export_value_usd": 72936998.07074912, "yoy_growth_pct": 12.241635588734589, "cagr_3y_pct": 11.712590014925773 }, { "year": 2018, "export_value_usd": 77263321.26537064, "yoy_growth_pct": 5.9315893292248845, "cagr_3y_pct": 14.577597771366912 }, { "year": 2019, "export_value_usd": 115868348.206571, "yoy_growth_pct": 49.96552867382766, "cagr_3y_pct": 21.26169631488044 }, { "year": 2020, "export_value_usd": 88426592.0191821, "yoy_growth_pct": -23.68356553980171, "cagr_3y_pct": 6.629736076519688 }, { "year": 2021, "export_value_usd": 108937184.47950974, "yoy_growth_pct": 23.1950502580472, "cagr_3y_pct": 12.133210813839689 }, { "year": 2022, "export_value_usd": 78844058.68251787, "yoy_growth_pct": -27.624291871295938, "cagr_3y_pct": -12.043477150666316 }, { "year": 2023, "export_value_usd": 79796579.55589996, "yoy_growth_pct": 1.2081073568493084, "cagr_3y_pct": -3.3651457133413887 }, { "year": 2024, "export_value_usd": 99071251.90489963, "yoy_growth_pct": 24.154760086548777, "cagr_3y_pct": -3.1148606776898458 } ], "routeHistoryScope": "Broader Latvia to KOR route exports, not only HS 320890." }, "relatedSignals": [ { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DEU", "hs_code": "300214", "your_market_share_pct": 0.000004250041563363504, "your_share_change_pp": 0.000004250041563363504, "market_imports_usd": 6930840890.892648, "market_yoy_growth_pct": -6.432083993349568, "market_cagr_3y_pct": 4.153012, "top_supplier_iso3": "IRL", "top_supplier_share_pct": 28.064439159723182, "your_share_gap_pp": 28.06443490968162, "num_suppliers": 44, "market_hhi": 1850.593104144058, "volatility_mean_usd": 294.5636185535309, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 49.41301949879634, "exporter_name": "Latvia", "importer_name": "Germany", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-deu-300214" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BEL", "hs_code": "870340", "your_market_share_pct": 0.00020185366070167986, "your_share_change_pp": 0.00020185366070167986, "market_imports_usd": 6924945289.672056, "market_yoy_growth_pct": 19.00098348466188, "market_cagr_3y_pct": 17.025115, "top_supplier_iso3": "FRA", "top_supplier_share_pct": 29.5542683919975, "your_share_gap_pp": 29.554066538336798, "num_suppliers": 34, "market_hhi": 1716.7085146091729, "volatility_mean_usd": 13978.255568791594, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 82.90968089461076, "exporter_name": "Latvia", "importer_name": "Belgium", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-bel-870340" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "BGD", "hs_code": "271019", "your_market_share_pct": 0.0006462942302362055, "your_share_change_pp": 0.0006462942302362055, "market_imports_usd": 5446793635.637808, "market_yoy_growth_pct": -24.187868763604413, "market_cagr_3y_pct": 1.405839, "top_supplier_iso3": "IND", "top_supplier_share_pct": 23.15595198602213, "your_share_gap_pp": 23.155305691791895, "num_suppliers": 35, "market_hhi": 1873.303149186707, "volatility_mean_usd": 35202.313, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 90.93167074110383, "exporter_name": "Latvia", "importer_name": "Bangladesh", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-bgd-271019" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "JPN", "hs_code": "880240", "your_market_share_pct": 0.0031392109196156565, "your_share_change_pp": 0.0031392109196156565, "market_imports_usd": 4326114785.5411415, "market_yoy_growth_pct": 61.15585727064112, "market_cagr_3y_pct": 4.42508, "top_supplier_iso3": "USA", "top_supplier_share_pct": 59.30033401485708, "your_share_gap_pp": 59.297194803937465, "num_suppliers": 20, "market_hhi": 4677.917545354674, "volatility_mean_usd": 135805.86774281497, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 100, "exporter_name": "Latvia", "importer_name": "Japan", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-jpn-880240" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "ESP", "hs_code": "870380", "your_market_share_pct": 0.0004485756467443204, "your_share_change_pp": 0.0004485756467443204, "market_imports_usd": 3233269101.939429, "market_yoy_growth_pct": -32.16960429733958, "market_cagr_3y_pct": 57.131154, "top_supplier_iso3": "CHN", "top_supplier_share_pct": 41.91200963879147, "your_share_gap_pp": 41.911561063144724, "num_suppliers": 45, "market_hhi": 2419.311474691479, "volatility_mean_usd": 14503.657785009073, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 83.2301497350447, "exporter_name": "Latvia", "importer_name": "Spain", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-esp-870380" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "CHE", "hs_code": "870340", "your_market_share_pct": 0.005804067636031403, "your_share_change_pp": 0.005804067636031403, "market_imports_usd": 1891119297.2340062, "market_yoy_growth_pct": 22.563998871463276, "market_cagr_3y_pct": 17.00764, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 27.95235152961102, "your_share_gap_pp": 27.946547461974987, "num_suppliers": 42, "market_hhi": 1212.1242663006842, "volatility_mean_usd": 109761.84308950347, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 100, "exporter_name": "Latvia", "importer_name": "Switzerland", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-che-870340" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "DEU", "hs_code": "870350", "your_market_share_pct": 0.0033623546923267924, "your_share_change_pp": 0.0033623546923267924, "market_imports_usd": 1740095547.0410182, "market_yoy_growth_pct": -24.608198417244054, "market_cagr_3y_pct": -14.507204, "top_supplier_iso3": "MEX", "top_supplier_share_pct": 58.085005637387646, "your_share_gap_pp": 58.08164328269532, "num_suppliers": 44, "market_hhi": 3942.33308230089, "volatility_mean_usd": 58508.184276903245, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 95.34448086615926, "exporter_name": "Latvia", "importer_name": "Germany", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-deu-870350" }, { "year": 2024, "exporter_iso3": "LVA", "importer_iso3": "ITA", "hs_code": "870360", "your_market_share_pct": 0.004526773537154945, "your_share_change_pp": 0.004526773537154945, "market_imports_usd": 1731268614.9891357, "market_yoy_growth_pct": -18.80590054595599, "market_cagr_3y_pct": 10.406485, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 42.98453736161087, "your_share_gap_pp": 42.98001058807371, "num_suppliers": 35, "market_hhi": 2302.71338446301, "volatility_mean_usd": 78370.60952039713, "volatility_stddev_usd": 0, "volatility_cv": 0, "max_drawdown_pct": 0, "momentum_yoy_pct": null, "momentum_acceleration_pct": null, "anomaly_type": "", "anomaly_severity": "0", "anomaly_z_score": 0, "new_corridor_signal_type": "new", "new_corridor_signal_strength": 97.88317531959964, "exporter_name": "Latvia", "importer_name": "Italy", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/lva-ita-870360" } ], "faq": [ { "question": "What does a new corridor signal mean?", "answer": "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." }, { "question": "Is the market opportunity reported trade?", "answer": "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." }, { "question": "What should exporters check next?", "answer": "Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route." } ], "dataSources": { "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 2026-09-02)", "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": "2026-09-02", "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": "2026-09-02" } ] } }, "links": { "home": "https://www.yugalinks.com/", "trade": "https://www.yugalinks.com/trade/signal/new-corridor/", "product": "https://www.yugalinks.com/trade/product/320890", "workspace": "https://www.yugalinks.com/app?hs=320890", "dataSources": "https://www.yugalinks.com/data-sources", "methodology": "https://www.yugalinks.com/methodology", "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/lva-kor-320890/index.md", "json": "https://www.yugalinks.com/trade/signal/new-corridor/lva-kor-320890/index.json", "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/lva-kor-320890/index.ld.json" }, "methodology": { "summary": "Reported trade observations and calculated signal indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.", "url": "https://www.yugalinks.com/methodology" }, "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 2026-09-02)", "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": "2026-09-02", "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": "2026-09-02" } ] }, "generatedAt": "2026-09-02T11:46:01.324Z" }