{
  "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-mex-190590",
  "seo": {
    "title": "Latvia to Mexico new corridor | HS 190590 | Yugalinks",
    "description": "Reported new-corridor signal for Latvia to Mexico in food preparations (HS 190590), 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-MEX-HS 190590",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/lva-mex-190590"
    }
  ],
  "exporter": {
    "iso3": "LVA",
    "country_name": "Latvia"
  },
  "importer": {
    "iso3": "MEX",
    "country_name": "Mexico"
  },
  "hsCode": "190590",
  "product": "Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "LVA",
    "importer_iso3": "MEX",
    "hs_code": "190590",
    "your_market_share_pct": 0.011750855655004715,
    "your_share_change_pp": 0.011750855655004715,
    "market_imports_usd": 348863402.3630809,
    "market_yoy_growth_pct": 21.597958209691658,
    "market_cagr_3y_pct": 20.901763,
    "top_supplier_iso3": "USA",
    "top_supplier_share_pct": 77.7632634882348,
    "your_share_gap_pp": 77.75151263257979,
    "num_suppliers": 43,
    "market_hhi": 6110.787275220587,
    "volatility_mean_usd": 40994.43484482395,
    "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": 92.25470994801036
  },
  "market": {
    "exporter_iso3": "LVA",
    "importer_iso3": "MEX",
    "hs_code": "190590",
    "hs_description": "Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products",
    "hs_chapter": "19",
    "hs_heading": "1905",
    "price_range_label": "High price range",
    "trade_type_label": "Two-way vertical trade",
    "substitution_elasticity": -9.8763876,
    "buyer_imports_latest_usd": 348863402.3630809,
    "buyer_imports_avg_usd": 116854462.38298893,
    "buyer_imports_peak_usd": 348863402.3630809,
    "buyer_cagr_full_pct": 11.1299,
    "buyer_yoy_avg_pct": 12.2294,
    "buyer_yoy_latest_pct": 21.598,
    "buyer_trend_consistency_pct": 79.3103,
    "buyer_imports_proj_3y_usd": 478793827.41,
    "buyer_imports_proj_5y_usd": 591303745.68,
    "buyer_gdp_mn_latest": 1293037.8663599999,
    "buyer_gdp_pc_latest": 9926,
    "buyer_population_latest": 130262.222,
    "buyer_investment_rate": 23.54,
    "buyer_savings_rate": 22.5,
    "buyer_edu_secondary": 77.44,
    "buyer_gdp_mn_2030_proj": 1478071.34,
    "buyer_gdp_pc_2030_proj": 10798.62,
    "buyer_gdp_pc_growth_pct": 8.79,
    "buyer_gdp_mn_growth_pct": 14.31,
    "buyer_pop_growth_pct": 5.07,
    "exports_latest_usd": 40994.43484482395,
    "exports_avg_usd": 40994.43484482395,
    "exports_peak_usd": 40994.43484482395,
    "share_latest_pct": 0.011750855655004716,
    "share_avg_pct": 0.011750855655004716,
    "share_peak_pct": 0.011750855655004716,
    "share_change_1y_pp": 0.011750855655004716,
    "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": 77.7515,
    "addressable_proj_3y_usd": 372269443.2,
    "addressable_proj_5y_usd": 459747606.52,
    "peer_best_share_pct": 77.7632634882348,
    "peer_top_exporter": "USA",
    "num_suppliers_latest": 43,
    "buyer_herfindahl_index": 6110.79,
    "distance_km": 10039.2197265625,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.019500000402331352,
    "has_wto_reported_fta": 1,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 8.4,
    "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": "MEX",
    "hs_code": "190590"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 40994.43484482395,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1995,
      "export_value_usd": 2957.660067146023,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "export_value_usd": 4467.57809758619,
      "yoy_growth_pct": 51.051101078602116,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "export_value_usd": 17375.455630075587,
      "yoy_growth_pct": 288.923377511038,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 405262.7186538997,
      "yoy_growth_pct": 2232.3861387117868,
      "cagr_3y_pct": 415.5405120855916
    },
    {
      "year": 1999,
      "export_value_usd": 117719.57906908022,
      "yoy_growth_pct": -70.95228017516843,
      "cagr_3y_pct": 197.57208122949308
    },
    {
      "year": 2000,
      "export_value_usd": 1445477.5153329417,
      "yoy_growth_pct": 1127.8989839784479,
      "cagr_3y_pct": 336.54100733253125
    },
    {
      "year": 2001,
      "export_value_usd": 843004.2707328495,
      "yoy_growth_pct": -41.67987659505879,
      "cagr_3y_pct": 27.653004327870857
    },
    {
      "year": 2002,
      "export_value_usd": 312513.02153098374,
      "yoy_growth_pct": -62.92865500440388,
      "cagr_3y_pct": 38.464934883529935
    },
    {
      "year": 2003,
      "export_value_usd": 4227768.660581505,
      "yoy_growth_pct": 1252.8296004658953,
      "cagr_3y_pct": 43.01007185625241
    },
    {
      "year": 2004,
      "export_value_usd": 600330.4320476673,
      "yoy_growth_pct": -85.8003008148252,
      "cagr_3y_pct": -10.699574516624855
    },
    {
      "year": 2005,
      "export_value_usd": 1217870.07679834,
      "yoy_growth_pct": 102.8666234100954,
      "cagr_3y_pct": 57.36601503307439
    },
    {
      "year": 2006,
      "export_value_usd": 11859544.356278915,
      "yoy_growth_pct": 873.7938867384347,
      "cagr_3y_pct": 41.032410725675206
    },
    {
      "year": 2007,
      "export_value_usd": 2287144.7732350347,
      "yoy_growth_pct": -80.71473317586498,
      "cagr_3y_pct": 56.18324151088705
    },
    {
      "year": 2008,
      "export_value_usd": 1505005.49881652,
      "yoy_growth_pct": -34.19719134404525,
      "cagr_3y_pct": 7.311362478547978
    },
    {
      "year": 2009,
      "export_value_usd": 3442529.2467187773,
      "yoy_growth_pct": 128.7386490897112,
      "cagr_3y_pct": -33.78802461257086
    },
    {
      "year": 2010,
      "export_value_usd": 6989457.984161346,
      "yoy_growth_pct": 103.03263918014056,
      "cagr_3y_pct": 45.116439513619056
    },
    {
      "year": 2011,
      "export_value_usd": 46036982.28914322,
      "yoy_growth_pct": 558.6631237138357,
      "cagr_3y_pct": 212.74443250761763
    },
    {
      "year": 2012,
      "export_value_usd": 11460497.748667793,
      "yoy_growth_pct": -75.10588839926962,
      "cagr_3y_pct": 49.31677932035514
    },
    {
      "year": 2013,
      "export_value_usd": 8448999.076899005,
      "yoy_growth_pct": -26.277206608402803,
      "cagr_3y_pct": 6.525583406710123
    },
    {
      "year": 2014,
      "export_value_usd": 10064964.037936738,
      "yoy_growth_pct": 19.126111227258313,
      "cagr_3y_pct": -39.75766550815821
    },
    {
      "year": 2015,
      "export_value_usd": 11623897.551324343,
      "yoy_growth_pct": 15.488714192238472,
      "cagr_3y_pct": 0.47301415572078565
    },
    {
      "year": 2016,
      "export_value_usd": 12380079.901123937,
      "yoy_growth_pct": 6.505411342974532,
      "cagr_3y_pct": 13.581097717605783
    },
    {
      "year": 2017,
      "export_value_usd": 14860287.611738887,
      "yoy_growth_pct": 20.03385866992491,
      "cagr_3y_pct": 13.868866059945262
    },
    {
      "year": 2018,
      "export_value_usd": 16041556.047143247,
      "yoy_growth_pct": 7.94916266944401,
      "cagr_3y_pct": 11.334964026438609
    },
    {
      "year": 2019,
      "export_value_usd": 24241278.457322348,
      "yoy_growth_pct": 51.115505167214394,
      "cagr_3y_pct": 25.10577498741089
    },
    {
      "year": 2020,
      "export_value_usd": 12228942.792845445,
      "yoy_growth_pct": -49.55322668160863,
      "cagr_3y_pct": -6.289720590739822
    },
    {
      "year": 2021,
      "export_value_usd": 12734779.176136753,
      "yoy_growth_pct": 4.136386864016139,
      "cagr_3y_pct": -7.406256671327405
    },
    {
      "year": 2022,
      "export_value_usd": 32673605.883936767,
      "yoy_growth_pct": 156.56986612820637,
      "cagr_3y_pct": 10.462240724374139
    },
    {
      "year": 2023,
      "export_value_usd": 29205762.253609277,
      "yoy_growth_pct": -10.613593255197994,
      "cagr_3y_pct": 33.66772117170209
    },
    {
      "year": 2024,
      "export_value_usd": 24467497.740112286,
      "yoy_growth_pct": -16.223731715515942,
      "cagr_3y_pct": 24.317627321518763
    }
  ],
  "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": "Mexico",
        "imports": "$348.9M",
        "year": 2024,
        "annualChange": "+21.6%"
      },
      "exporterPosition": {
        "exporter": "Latvia",
        "routeExports": "$41.0K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "92/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$348.9M",
      "projectionThreeYears": "$478.8M",
      "supplierCount": "43",
      "averageImports": "$116.9M",
      "historicalPeak": "$348.9M",
      "fullHistoryGrowth": "+11.1%",
      "latestAnnualChange": "+21.6%"
    },
    "competition": {
      "topSupplier": {
        "country": "USA, Puerto Rico and US Virgin Islands",
        "iso3": "USA",
        "share": "77.8%"
      },
      "marketConcentrationHhi": "6,111",
      "exporterShare": "0.0%",
      "shareGap": "77.8%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "10,039 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "8.4 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$9.9K",
      "gdpPerPersonGrowth": "+8.8%",
      "populationThousands": "130,262",
      "gdp": "$1.3T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "23.5%",
      "savingsRate": "22.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 40994.43484482395,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 2957.660067146023,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 4467.57809758619,
          "yoy_growth_pct": 51.051101078602116,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 17375.455630075587,
          "yoy_growth_pct": 288.923377511038,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 405262.7186538997,
          "yoy_growth_pct": 2232.3861387117868,
          "cagr_3y_pct": 415.5405120855916
        },
        {
          "year": 1999,
          "export_value_usd": 117719.57906908022,
          "yoy_growth_pct": -70.95228017516843,
          "cagr_3y_pct": 197.57208122949308
        },
        {
          "year": 2000,
          "export_value_usd": 1445477.5153329417,
          "yoy_growth_pct": 1127.8989839784479,
          "cagr_3y_pct": 336.54100733253125
        },
        {
          "year": 2001,
          "export_value_usd": 843004.2707328495,
          "yoy_growth_pct": -41.67987659505879,
          "cagr_3y_pct": 27.653004327870857
        },
        {
          "year": 2002,
          "export_value_usd": 312513.02153098374,
          "yoy_growth_pct": -62.92865500440388,
          "cagr_3y_pct": 38.464934883529935
        },
        {
          "year": 2003,
          "export_value_usd": 4227768.660581505,
          "yoy_growth_pct": 1252.8296004658953,
          "cagr_3y_pct": 43.01007185625241
        },
        {
          "year": 2004,
          "export_value_usd": 600330.4320476673,
          "yoy_growth_pct": -85.8003008148252,
          "cagr_3y_pct": -10.699574516624855
        },
        {
          "year": 2005,
          "export_value_usd": 1217870.07679834,
          "yoy_growth_pct": 102.8666234100954,
          "cagr_3y_pct": 57.36601503307439
        },
        {
          "year": 2006,
          "export_value_usd": 11859544.356278915,
          "yoy_growth_pct": 873.7938867384347,
          "cagr_3y_pct": 41.032410725675206
        },
        {
          "year": 2007,
          "export_value_usd": 2287144.7732350347,
          "yoy_growth_pct": -80.71473317586498,
          "cagr_3y_pct": 56.18324151088705
        },
        {
          "year": 2008,
          "export_value_usd": 1505005.49881652,
          "yoy_growth_pct": -34.19719134404525,
          "cagr_3y_pct": 7.311362478547978
        },
        {
          "year": 2009,
          "export_value_usd": 3442529.2467187773,
          "yoy_growth_pct": 128.7386490897112,
          "cagr_3y_pct": -33.78802461257086
        },
        {
          "year": 2010,
          "export_value_usd": 6989457.984161346,
          "yoy_growth_pct": 103.03263918014056,
          "cagr_3y_pct": 45.116439513619056
        },
        {
          "year": 2011,
          "export_value_usd": 46036982.28914322,
          "yoy_growth_pct": 558.6631237138357,
          "cagr_3y_pct": 212.74443250761763
        },
        {
          "year": 2012,
          "export_value_usd": 11460497.748667793,
          "yoy_growth_pct": -75.10588839926962,
          "cagr_3y_pct": 49.31677932035514
        },
        {
          "year": 2013,
          "export_value_usd": 8448999.076899005,
          "yoy_growth_pct": -26.277206608402803,
          "cagr_3y_pct": 6.525583406710123
        },
        {
          "year": 2014,
          "export_value_usd": 10064964.037936738,
          "yoy_growth_pct": 19.126111227258313,
          "cagr_3y_pct": -39.75766550815821
        },
        {
          "year": 2015,
          "export_value_usd": 11623897.551324343,
          "yoy_growth_pct": 15.488714192238472,
          "cagr_3y_pct": 0.47301415572078565
        },
        {
          "year": 2016,
          "export_value_usd": 12380079.901123937,
          "yoy_growth_pct": 6.505411342974532,
          "cagr_3y_pct": 13.581097717605783
        },
        {
          "year": 2017,
          "export_value_usd": 14860287.611738887,
          "yoy_growth_pct": 20.03385866992491,
          "cagr_3y_pct": 13.868866059945262
        },
        {
          "year": 2018,
          "export_value_usd": 16041556.047143247,
          "yoy_growth_pct": 7.94916266944401,
          "cagr_3y_pct": 11.334964026438609
        },
        {
          "year": 2019,
          "export_value_usd": 24241278.457322348,
          "yoy_growth_pct": 51.115505167214394,
          "cagr_3y_pct": 25.10577498741089
        },
        {
          "year": 2020,
          "export_value_usd": 12228942.792845445,
          "yoy_growth_pct": -49.55322668160863,
          "cagr_3y_pct": -6.289720590739822
        },
        {
          "year": 2021,
          "export_value_usd": 12734779.176136753,
          "yoy_growth_pct": 4.136386864016139,
          "cagr_3y_pct": -7.406256671327405
        },
        {
          "year": 2022,
          "export_value_usd": 32673605.883936767,
          "yoy_growth_pct": 156.56986612820637,
          "cagr_3y_pct": 10.462240724374139
        },
        {
          "year": 2023,
          "export_value_usd": 29205762.253609277,
          "yoy_growth_pct": -10.613593255197994,
          "cagr_3y_pct": 33.66772117170209
        },
        {
          "year": 2024,
          "export_value_usd": 24467497.740112286,
          "yoy_growth_pct": -16.223731715515942,
          "cagr_3y_pct": 24.317627321518763
        }
      ],
      "routeHistoryScope": "Broader Latvia to Mexico route exports, not only HS 190590."
    },
    "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/190590",
    "workspace": "https://www.yugalinks.com/app?hs=190590",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/lva-mex-190590/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/lva-mex-190590/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/lva-mex-190590/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": "2026-09-02T11:46:06.300Z"
}