{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:07.845Z",
  "seo": {
    "title": "Argentina exports to Bermuda: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Argentina to Bermuda, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "ARG",
    "country_name": "Argentina"
  },
  "importer": {
    "iso3": "BMU",
    "country_name": "Bermuda"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ARG",
    "importer_iso3": "BMU",
    "all_history_lane_count": 1,
    "current_lane_count": 1,
    "current_product_count": 1,
    "first_observed_last_year": 2024,
    "latest_data_year": 2024,
    "current_trade_usd": 108323.71099697096,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 0,
    "unrecovered_drawdown_trade_usd": 108323.71099697096,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 108323.71099697096,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 0,
    "unrecovered_drawdown_lane_count": 1,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 1,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.7886276212057635,
    "trade_weighted_below_peak_pct": 65.12967389393238,
    "product_concentration_hhi": 10000,
    "top1_product_share_pct": 100,
    "top3_product_share_pct": 100,
    "top_product_hs6": "220421",
    "top_product_trade_usd": 108323.71099697096,
    "top_product_description": "Wine: still, in containers holding 2 litres or less",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 7482.400390625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 19.05194694909091,
    "avg_mfn_tariff_pct": 19.05194694909091,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": null,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 7080.9,
    "buyer_gdp_pc_latest": 110869,
    "buyer_population_latest": 63.867,
    "buyer_gdp_5y_cagr_pct": 4.460687151936749,
    "buyer_gdp_pc_5y_cagr_pct": 4.289137236640728,
    "buyer_population_5y_cagr_pct": 0.16449451960345307,
    "buyer_investment_5y_avg_pct": null,
    "buyer_savings_5y_avg_pct": null,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Current trade remains materially below historical peaks",
    "buyer_gdp_mn_2024": 7080.9,
    "buyer_gdp_pc_2024": 110869,
    "buyer_population_2024": 63.867
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 732898.1626402142,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 244800.75625580925,
      "yoy_growth_pct": -66.59825761140787,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 5469.653765751733,
      "yoy_growth_pct": -97.76567121384375,
      "cagr_3y_pct": null
    },
    {
      "year": 1999,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 5910.103218880044,
      "yoy_growth_pct": 8.052602083996385,
      "cagr_3y_pct": -79.94679419559347
    },
    {
      "year": 2000,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 5859.661424253905,
      "yoy_growth_pct": -0.8534841568417995,
      "cagr_3y_pct": -71.18049021610385
    },
    {
      "year": 2001,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 11535.617117991706,
      "yoy_growth_pct": 96.8649087854168,
      "cagr_3y_pct": 28.241030428406578
    },
    {
      "year": 2002,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 47208.53849112789,
      "yoy_growth_pct": 309.2415516938262,
      "cagr_3y_pct": 99.89802190086878
    },
    {
      "year": 2003,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 107829.56137123074,
      "yoy_growth_pct": 128.41114090302887,
      "cagr_3y_pct": 164.01084790735308
    },
    {
      "year": 2004,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 141106.88435398322,
      "yoy_growth_pct": 30.861038994851153,
      "cagr_3y_pct": 130.41060094526728
    },
    {
      "year": 2005,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 81695.49427025656,
      "yoy_growth_pct": -42.1038210543195,
      "cagr_3y_pct": 20.058390353591292
    },
    {
      "year": 2006,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 116603.65971896224,
      "yoy_growth_pct": 42.72960921593314,
      "cagr_3y_pct": 2.6419232287165695
    },
    {
      "year": 2007,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 90557.5658618076,
      "yoy_growth_pct": -22.33728677121357,
      "cagr_3y_pct": -13.743431026961172
    },
    {
      "year": 2008,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 217383.22785657577,
      "yoy_growth_pct": 140.0497692134375,
      "cagr_3y_pct": 38.57215667016034
    },
    {
      "year": 2009,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 295945.4290048658,
      "yoy_growth_pct": 36.13995519476023,
      "cagr_3y_pct": 36.4058988462407
    },
    {
      "year": 2010,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 134200.18740510818,
      "yoy_growth_pct": -54.65373874623969,
      "cagr_3y_pct": 14.009960175026848
    },
    {
      "year": 2011,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 52572.3356674626,
      "yoy_growth_pct": -60.82543796398492,
      "cagr_3y_pct": -37.69679144337872
    },
    {
      "year": 2012,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 162178.53569786606,
      "yoy_growth_pct": 208.48645706688572,
      "cagr_3y_pct": -18.16723112341552
    },
    {
      "year": 2013,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 308452.210866506,
      "yoy_growth_pct": 90.19299288849393,
      "cagr_3y_pct": 31.970923273086083
    },
    {
      "year": 2014,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 311686.36703923444,
      "yoy_growth_pct": 1.0485112632660387,
      "cagr_3y_pct": 80.9895547330237
    },
    {
      "year": 2015,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 172670.9623573925,
      "yoy_growth_pct": -44.60105393841077,
      "cagr_3y_pct": 2.1116541428418234
    },
    {
      "year": 2016,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 227989.7800782571,
      "yoy_growth_pct": 32.03712828470042,
      "cagr_3y_pct": -9.584581380915635
    },
    {
      "year": 2017,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 177724.13320324445,
      "yoy_growth_pct": -22.04732460277784,
      "cagr_3y_pct": -17.076772096208437
    },
    {
      "year": 2018,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 191209.9352068745,
      "yoy_growth_pct": 7.588053327686106,
      "cagr_3y_pct": 3.4579133737167256
    },
    {
      "year": 2019,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 165224.79361340118,
      "yoy_growth_pct": -13.58984906582359,
      "cagr_3y_pct": -10.17719507266105
    },
    {
      "year": 2020,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 136469.16356274512,
      "yoy_growth_pct": -17.403943694999857,
      "cagr_3y_pct": -8.427998162683403
    },
    {
      "year": 2021,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 119435.26745541711,
      "yoy_growth_pct": -12.481864519889319,
      "cagr_3y_pct": -14.51812413126884
    },
    {
      "year": 2022,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 236894.3967789364,
      "yoy_growth_pct": 98.34543165180631,
      "cagr_3y_pct": 12.761243584934512
    },
    {
      "year": 2023,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 107286.01975822772,
      "yoy_growth_pct": -54.711457418579556,
      "cagr_3y_pct": -7.706836029891184
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "export_value_usd": 112076.10193919417,
      "yoy_growth_pct": 4.464777602674652,
      "cagr_3y_pct": -2.097568726474608
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ARG",
      "importer_iso3": "BMU",
      "hs_code": "220421",
      "hs_description": "Wine: still, in containers holding 2 litres or less",
      "buyer_imports_latest_usd": 12470824.744460475,
      "current_below_peak_pct": 65.12967389393238,
      "lane_volatility_cv": 0.7886276212057635,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ARG",
    "importer_iso3": "BMU",
    "distance_km": 7435,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 0,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 7080.9,
    "importer_gdp_per_capita_usd": 110869.46310301093,
    "importer_population": 63.867,
    "importer_biz_entry_days": null,
    "importer_biz_entry_cost_pct": null,
    "exporter_gdp_million_usd": 491492.700657,
    "exporter_gdp_per_capita_usd": 10729.23281193945,
    "avg_applied_tariff_pct": 19.05194694909091,
    "avg_mfn_tariff_pct": 19.05194694909091,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "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 2026-08-29)",
    "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": "2026-08-29",
    "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": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/ARG-BMU/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ARG-BMU/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ARG-BMU/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ARG-BMU/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ARG-BMU/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}