{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:47:57.239Z", "seo": { "title": "Armenia exports to Hong Kong: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Armenia to Hong Kong, 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": "ARM", "country_name": "Armenia" }, "importer": { "iso3": "HKG", "country_name": "Hong Kong" }, "latestYear": 2024, "risk": { "exporter_iso3": "ARM", "importer_iso3": "HKG", "all_history_lane_count": 29, "current_lane_count": 16, "current_product_count": 16, "first_observed_last_year": 1997, "latest_data_year": 2024, "current_trade_usd": 2029362651.3620486, "attention_trade_usd": 1800299348.4145846, "critical_trade_usd": 0, "high_volatility_trade_usd": 1627953604.507904, "unrecovered_drawdown_trade_usd": 0, "declining_demand_trade_usd": 12032358.789591623, "concentrated_market_trade_usd": 423214215.03522605, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 8, "high_volatility_lane_count": 7, "unrecovered_drawdown_lane_count": 0, "declining_demand_lane_count": 2, "concentrated_market_lane_count": 8, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.2113102418188044, "trade_weighted_below_peak_pct": 0.002400064748392947, "product_concentration_hhi": 4807.813526753011, "top1_product_share_pct": 67.30583221383466, "top3_product_share_pct": 88.77195580838324, "top_product_hs6": "710812", "top_product_trade_usd": 1365879421.1359668, "top_product_description": "Metals: gold, non-monetary, unwrought (but not powder)", "top_attention_product_hs6": "710812", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 6748.724609375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 0, "avg_mfn_tariff_pct": 0, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 1.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 368139.247671, "buyer_gdp_pc_latest": 49661, "buyer_population_latest": 7413.1, "buyer_gdp_5y_cagr_pct": 2.303516880397938, "buyer_gdp_pc_5y_cagr_pct": 2.259425330431597, "buyer_population_5y_cagr_pct": 0.04311734573498871, "buyer_investment_5y_avg_pct": 23.188, "buyer_savings_5y_avg_pct": 22.356, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 88.7125495882304, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "declining_buyer_demand", "concentrated_product_mix", "concentrated_buyer_markets" ], "attention_level": "High attention", "primary_risk_reason": "Volatile products account for the largest observed corridor exposure", "buyer_gdp_mn_2024": 368139.247671, "buyer_gdp_pc_2024": 49661, "buyer_population_2024": 7413.1 }, "history": [ { "year": 1995, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 336.2444119201741, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 202449.19097989582, "yoy_growth_pct": 60108.93843968421, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1673.2315779880123, "yoy_growth_pct": -99.17350542628043, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 454858.2380852371, "yoy_growth_pct": 27084.41631565334, "cagr_3y_pct": 1005.9623171954586 }, { "year": 1999, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 56394.367311904236, "yoy_growth_pct": -87.60177070788012, "cagr_3y_pct": -34.69097086820162 }, { "year": 2000, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 42373.471303235674, "yoy_growth_pct": -24.862227695759444, "cagr_3y_pct": 193.66081321915044 }, { "year": 2001, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1132371.5099674119, "yoy_growth_pct": 2572.35955691207, "cagr_3y_pct": 35.53068181075889 }, { "year": 2002, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2760826.620104163, "yoy_growth_pct": 143.80926187233513, "cagr_3y_pct": 265.82030012718667 }, { "year": 2003, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1787748.921094453, "yoy_growth_pct": -35.24588222685989, "cagr_3y_pct": 248.12682855907795 }, { "year": 2004, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2735470.0202541947, "yoy_growth_pct": 53.01197992498581, "cagr_3y_pct": 34.17790553603257 }, { "year": 2005, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 832333.8285237412, "yoy_growth_pct": -69.572547958453, "cagr_3y_pct": -32.94680585351897 }, { "year": 2006, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1681450.0713993222, "yoy_growth_pct": 102.01630809378561, "cagr_3y_pct": -2.022621068758912 }, { "year": 2007, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1097006.5959133785, "yoy_growth_pct": -34.75830091104418, "cagr_3y_pct": -26.25615808143814 }, { "year": 2008, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 995865.4830339524, "yoy_growth_pct": -9.219736075990959, "cagr_3y_pct": 6.161662570880089 }, { "year": 2009, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 333486.4313569734, "yoy_growth_pct": -66.51290389732247, "cagr_3y_pct": -41.68261197846495 }, { "year": 2010, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 416989.1494120093, "yoy_growth_pct": 25.03931500758787, "cagr_3y_pct": -27.561101397302334 }, { "year": 2011, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2716745.669245644, "yoy_growth_pct": 551.5147152093742, "cagr_3y_pct": 39.72778284093328 }, { "year": 2012, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 883899.0180142964, "yoy_growth_pct": -67.4647859746206, "cagr_3y_pct": 38.391099900694314 }, { "year": 2013, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 986261.7756882657, "yoy_growth_pct": 11.58082038646564, "cagr_3y_pct": 33.236275064606644 }, { "year": 2014, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 990865.6498907951, "yoy_growth_pct": 0.46680042925890675, "cagr_3y_pct": -28.55224344983872 }, { "year": 2015, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 5870084.394690504, "yoy_growth_pct": 492.41980941992045, "cagr_3y_pct": 87.9665475234453 }, { "year": 2016, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 70860523.72549604, "yoy_growth_pct": 1107.1465921271836, "cagr_3y_pct": 315.72299946315985 }, { "year": 2017, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 413322.6722367949, "yoy_growth_pct": -99.41670954361281, "cagr_3y_pct": -25.28207225755681 }, { "year": 2018, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 1672027.2423521816, "yoy_growth_pct": 304.5331540376444, "cagr_3y_pct": -34.203973328252445 }, { "year": 2019, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2072797.246002868, "yoy_growth_pct": 23.969107290793268, "cagr_3y_pct": -69.188170331125 }, { "year": 2020, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2086239.4264397724, "yoy_growth_pct": 0.6485043562666881, "cagr_3y_pct": 71.53719599602142 }, { "year": 2021, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 6263245.919519095, "yoy_growth_pct": 200.21702399745672, "cagr_3y_pct": 55.30497630177356 }, { "year": 2022, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 16277970.095983485, "yoy_growth_pct": 159.89671019070158, "cagr_3y_pct": 98.7686132494584 }, { "year": 2023, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 643579319.6241348, "yoy_growth_pct": 3853.6828967571028, "cagr_3y_pct": 575.6876439882923 }, { "year": 2024, "exporter_iso3": "ARM", "importer_iso3": "HKG", "export_value_usd": 2032108802.9379306, "yoy_growth_pct": 215.75110339541817, "cagr_3y_pct": 587.1462240652794 } ], "riskLanes": [ { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "710812", "hs_description": "Metals: gold, non-monetary, unwrought (but not powder)", "buyer_imports_latest_usd": 41743878490.216095, "current_below_peak_pct": 0, "lane_volatility_cv": 1.218444169495572, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "limited_history" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "711021", "hs_description": "Metals: palladium, unwrought or in powder form", "buyer_imports_latest_usd": 568713290.1924556, "current_below_peak_pct": 0, "lane_volatility_cv": 0.9435467322439532, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "limited_history" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "711011", "hs_description": "Metals: platinum, unwrought or in powder form", "buyer_imports_latest_usd": 932639778.3064259, "current_below_peak_pct": 0, "lane_volatility_cv": 1.0933852801250346, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "710691", "hs_description": "Metals: silver, unwrought, (but not powder)", "buyer_imports_latest_usd": 3241571947.615212, "current_below_peak_pct": 0, "lane_volatility_cv": 0.9933355497379712, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "limited_history" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "711319", "hs_description": "Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof", "buyer_imports_latest_usd": 17035963921.793066, "current_below_peak_pct": 0, "lane_volatility_cv": 3.4183512962575846, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "710231", "hs_description": "Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set", "buyer_imports_latest_usd": 1286676220.7118628, "current_below_peak_pct": 0, "lane_volatility_cv": 1.5993360832827668, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "261390", "hs_description": "Molybdenum ores and concentrates: other than roasted", "buyer_imports_latest_usd": 19419966.813809343, "current_below_peak_pct": 0, "lane_volatility_cv": 0.4797677929604931, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "limited_history" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "240220", "hs_description": "Cigarettes: containing tobacco", "buyer_imports_latest_usd": 268282134.60987464, "current_below_peak_pct": 0, "lane_volatility_cv": 3.7429682477720143, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "declining_buyer_demand" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "711019", "hs_description": "Metals: platinum, semi-manufactured", "buyer_imports_latest_usd": 44194338.538538195, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "attention_level": "Watch", "primary_risk_reason": "The lane has limited historical coverage", "risk_driver_labels": [ "limited_history" ] }, { "exporter_iso3": "ARM", "importer_iso3": "HKG", "hs_code": "710310", "hs_description": "Stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set", "buyer_imports_latest_usd": 192882887.29885516, "current_below_peak_pct": 0, "lane_volatility_cv": 2.2960420573365172, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "ARM", "importer_iso3": "HKG", "distance_km": 6754, "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": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 368139.247671, "importer_gdp_per_capita_usd": 49660.63423817296, "importer_population": 7413.1, "importer_biz_entry_days": 1.5, "importer_biz_entry_cost_pct": 0.5, "exporter_gdp_million_usd": 13861.183874, "exporter_gdp_per_capita_usd": 4670.008798138086, "avg_applied_tariff_pct": 0, "avg_mfn_tariff_pct": 0, "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/ARM-HKG/risk", "html": "https://www.yugalinks.com/trade/corridor/ARM-HKG/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/ARM-HKG/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/ARM-HKG/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/ARM-HKG/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" } }