# Latvia to SGP HS 841199 new corridor signal

This page reviews a reported new-corridor signal for turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers). It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 75/100
- Reported period: 2024
- Buyer market imports: $1.6B
- Buyer market growth: +26.3%
- Current exporter share: 0.0%
- Share gap: 50.9%

## 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: $1.6B
- Three-year buyer-import projection: $2.1B
- Supplier countries observed: 67
- Average buyer imports: $637.2M
- Historical buyer-import peak: $1.6B
- Full-history buyer-import CAGR: +11.0%
- Latest buyer-import annual change: +26.3%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 50.9%
- Market concentration: 2,869
- Exporter share: 0.0%
- Share gap to peer benchmark: 50.9%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,277 km
- Trade agreement: Reported yes
- Business entry time: 1.5 days
- Shared spoken language score: 0.3

## Buyer economy

- GDP per person: $72.8K
- GDP per-person growth: +7.7%
- Population: 5,454k
- GDP: $397.0B
- GDP five-year CAGR: Not reported
- Investment rate: 27.3%
- Savings rate: 50.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $5.6K | +0.0% |

## Broader route context

Broader Latvia to SGP route exports provide route context only; they are not presented as HS 841199 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $13.4M | +0.0% |
| 1996 | $10.0M | -25.6% |
| 1997 | $64.8M | +547.9% |
| 1998 | $15.0M | -76.9% |
| 1999 | $831.6K | -94.4% |
| 2000 | $125.4K | -84.9% |
| 2001 | $84.4K | -32.7% |
| 2002 | $23.2M | +27426.7% |
| 2003 | $555.7K | -97.6% |
| 2004 | $48.0M | +8530.7% |
| 2005 | $34.2M | -28.6% |
| 2006 | $89.0M | +159.9% |
| 2007 | $78.9M | -11.3% |
| 2008 | $106.9M | +35.4% |
| 2009 | $236.8M | +121.5% |
| 2010 | $64.7M | -72.7% |
| 2011 | $92.4M | +42.8% |
| 2012 | $105.7M | +14.4% |
| 2013 | $33.5M | -68.3% |
| 2014 | $14.0M | -58.3% |
| 2015 | $30.3M | +117.1% |
| 2016 | $23.0M | -24.3% |
| 2017 | $140.0M | +509.7% |
| 2018 | $187.7M | +34.1% |
| 2019 | $20.5M | -89.1% |
| 2020 | $15.4M | -24.9% |
| 2021 | $22.1M | +43.3% |
| 2022 | $30.3M | +37.4% |
| 2023 | $22.8M | -24.9% |
| 2024 | $18.6M | -18.1% |

## 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 Bangladesh | HS 271019 | New corridor | $5.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lva-bgd-271019) |
| 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) |

## 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.