{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:05.760Z",
  "seo": {
    "title": "Armenia exports to Italy: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Armenia to Italy, 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": "ITA",
    "country_name": "Italy"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ARM",
    "importer_iso3": "ITA",
    "all_history_lane_count": 57,
    "current_lane_count": 13,
    "current_product_count": 13,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 41970179.26917472,
    "attention_trade_usd": 1187129.651705547,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 8960114.127009463,
    "unrecovered_drawdown_trade_usd": 1454370.4697871627,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1599393.558663636,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 2,
    "unrecovered_drawdown_lane_count": 2,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 3,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.8110863509813394,
    "trade_weighted_below_peak_pct": 30.92198414134292,
    "product_concentration_hhi": 2915.7407691103977,
    "top1_product_share_pct": 44.93267125210046,
    "top3_product_share_pct": 86.4969441280443,
    "top_product_hs6": "620213",
    "top_product_trade_usd": 18858322.674935497,
    "top_product_description": "Coats: women's or girls', overcoats, raincoats, car-coats, capes, cloaks and similar articles, of man-made fibres, other than those of heading no. 6204 (not knitted or crocheted)",
    "top_attention_product_hs6": "640520",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 2677.669677734375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 2.0896036062988506,
    "avg_mfn_tariff_pct": 4.883497429885058,
    "avg_preferential_tariff_pct": 1.8055837943014637,
    "tariff_advantage_pp": 3.0779136355835948,
    "buyer_biz_entry_days": 11,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 2099880.198259,
    "buyer_gdp_pc_latest": 35551,
    "buyer_population_latest": 59066.223,
    "buyer_gdp_5y_cagr_pct": 3.3456337761183397,
    "buyer_gdp_pc_5y_cagr_pct": 3.6164129413341017,
    "buyer_population_5y_cagr_pct": -0.26132844935394806,
    "buyer_investment_5y_avg_pct": 21.387999999999998,
    "buyer_savings_5y_avg_pct": 22.601999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 2.828507460241997,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 2099880.198259,
    "buyer_gdp_pc_2024": 35551,
    "buyer_population_2024": 59066.223
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 848812.8000608229,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 705022.8398178412,
      "yoy_growth_pct": -16.940126283755173,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 546081.6937558954,
      "yoy_growth_pct": -22.544113053558934,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 2851154.882992359,
      "yoy_growth_pct": 422.1114195171789,
      "cagr_3y_pct": 49.76245936346724
    },
    {
      "year": 1999,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 1207868.8343286603,
      "yoy_growth_pct": -57.635804300432405,
      "cagr_3y_pct": 19.65720743271675
    },
    {
      "year": 2000,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 2609103.85598295,
      "yoy_growth_pct": 116.00887296948126,
      "cagr_3y_pct": 68.42682022195052
    },
    {
      "year": 2001,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 6501390.218726219,
      "yoy_growth_pct": 149.1809670135532,
      "cagr_3y_pct": 31.62199662096583
    },
    {
      "year": 2002,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 9007438.053581286,
      "yoy_growth_pct": 38.54633779152028,
      "cagr_3y_pct": 95.37118145820152
    },
    {
      "year": 2003,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 14110354.4718115,
      "yoy_growth_pct": 56.65225103825537,
      "cagr_3y_pct": 75.52898941573778
    },
    {
      "year": 2004,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 21152166.568165522,
      "yoy_growth_pct": 49.90528133380045,
      "cagr_3y_pct": 48.177708642170344
    },
    {
      "year": 2005,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 19354899.90127464,
      "yoy_growth_pct": -8.4968443355387,
      "cagr_3y_pct": 29.041642362458497
    },
    {
      "year": 2006,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 23810613.92566581,
      "yoy_growth_pct": 23.02111634324564,
      "cagr_3y_pct": 19.05406348860521
    },
    {
      "year": 2007,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 24376518.143310554,
      "yoy_growth_pct": 2.376688897696777,
      "cagr_3y_pct": 4.842879011928858
    },
    {
      "year": 2008,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 21414724.539732326,
      "yoy_growth_pct": -12.150191369274822,
      "cagr_3y_pct": 3.4285701773194566
    },
    {
      "year": 2009,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 7025884.587669364,
      "yoy_growth_pct": -67.19133802242602,
      "cagr_3y_pct": -33.4251587682892
    },
    {
      "year": 2010,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 11131421.67810882,
      "yoy_growth_pct": 58.43445105324952,
      "cagr_3y_pct": -22.993688675863112
    },
    {
      "year": 2011,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 14804082.674324377,
      "yoy_growth_pct": 32.99363821099557,
      "cagr_3y_pct": -11.578813871745508
    },
    {
      "year": 2012,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 12947457.65246165,
      "yoy_growth_pct": -12.541304062579872,
      "cagr_3y_pct": 22.601136458693816
    },
    {
      "year": 2013,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 24399239.5732299,
      "yoy_growth_pct": 88.44811258054949,
      "cagr_3y_pct": 29.899820855215296
    },
    {
      "year": 2014,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 35139838.490353,
      "yoy_growth_pct": 44.02021991253924,
      "cagr_3y_pct": 33.39495957575957
    },
    {
      "year": 2015,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 34005404.10729863,
      "yoy_growth_pct": -3.228342621340774,
      "cagr_3y_pct": 37.971000517164995
    },
    {
      "year": 2016,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 31474564.126978375,
      "yoy_growth_pct": -7.442464063460596,
      "cagr_3y_pct": 8.858198881540002
    },
    {
      "year": 2017,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 35458950.53173847,
      "yoy_growth_pct": 12.659067775127287,
      "cagr_3y_pct": 0.30179508059251514
    },
    {
      "year": 2018,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 48798235.10248685,
      "yoy_growth_pct": 37.61894915307407,
      "cagr_3y_pct": 12.793842443394766
    },
    {
      "year": 2019,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 57106001.21408982,
      "yoy_growth_pct": 17.024726599547833,
      "cagr_3y_pct": 21.966531995172623
    },
    {
      "year": 2020,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 37568376.153097786,
      "yoy_growth_pct": -34.21291045707381,
      "cagr_3y_pct": 1.9449026028685035
    },
    {
      "year": 2021,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 59762535.79515582,
      "yoy_growth_pct": 59.0767073658252,
      "cagr_3y_pct": 6.98961726710936
    },
    {
      "year": 2022,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 53409774.95058447,
      "yoy_growth_pct": -10.63000550436196,
      "cagr_3y_pct": -2.2058223055328563
    },
    {
      "year": 2023,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 49388871.710222155,
      "yoy_growth_pct": -7.528403263414829,
      "cagr_3y_pct": 9.547438491108927
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "export_value_usd": 46892100.63208263,
      "yoy_growth_pct": -5.05533127541109,
      "cagr_3y_pct": -7.766174080080191
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "620213",
      "hs_description": "Coats: women's or girls', overcoats, raincoats, car-coats, capes, cloaks and similar articles, of man-made fibres, other than those of heading no. 6204 (not knitted or crocheted)",
      "buyer_imports_latest_usd": 230396691.52958325,
      "current_below_peak_pct": 21.068995108418502,
      "lane_volatility_cv": 0.6581007741556876,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "620113",
      "hs_description": "Coats: men's or boys', overcoats, raincoats, car-coats, capes, cloaks and similar articles, of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted)",
      "buyer_imports_latest_usd": 110088792.32657841,
      "current_below_peak_pct": 43.64079556826907,
      "lane_volatility_cv": 0.6019489495758127,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "760711",
      "hs_description": "Aluminium: foil, (not backed), rolled (but not further worked), of a thickness not exceeding 0.2mm",
      "buyer_imports_latest_usd": 336671308.1444938,
      "current_below_peak_pct": 43.470526039724724,
      "lane_volatility_cv": 1.4252593305864498,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "620343",
      "hs_description": "Trousers, bib and brace overalls, breeches and shorts: men's or boys', of synthetic fibres (not knitted or crocheted)",
      "buyer_imports_latest_usd": 250634811.4338901,
      "current_below_peak_pct": 24.038585779667955,
      "lane_volatility_cv": 0.6049374282758203,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "640520",
      "hs_description": "Footwear: with uppers of textile materials, n.e.c. in chapter 64",
      "buyer_imports_latest_usd": 33940259.971393034,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6269994089232506,
      "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": "ITA",
      "hs_code": "710691",
      "hs_description": "Metals: silver, unwrought, (but not powder)",
      "buyer_imports_latest_usd": 502470089.4505209,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.31956132367945433,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "620293",
      "hs_description": "Anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: women's or girls', of man-made fibres, other than those of heading no. 6204 (not knitted or crocheted)",
      "buyer_imports_latest_usd": 419098139.92579854,
      "current_below_peak_pct": 76.3907939002998,
      "lane_volatility_cv": 1.8129801857990995,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "620930",
      "hs_description": "Garments and clothing accessories: babies', of synthetic fibres (not knitted or crocheted)",
      "buyer_imports_latest_usd": 24736337.670357466,
      "current_below_peak_pct": 62.36458841802366,
      "lane_volatility_cv": 0.769095652397541,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "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": 11109099.31049475,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7498770203142561,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "ARM",
      "importer_iso3": "ITA",
      "hs_code": "903210",
      "hs_description": "Regulating or controlling instruments and apparatus: automatic type, thermostats",
      "buyer_imports_latest_usd": 123335843.56201248,
      "current_below_peak_pct": 31.675579299561868,
      "lane_volatility_cv": 0.8945350957200675,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ARM",
    "importer_iso3": "ITA",
    "distance_km": 2685,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 3,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 2099880.198259,
    "importer_gdp_per_capita_usd": 35551.286193786254,
    "importer_population": 59066.223,
    "importer_biz_entry_days": 11,
    "importer_biz_entry_cost_pct": 13.8,
    "exporter_gdp_million_usd": 13861.183874,
    "exporter_gdp_per_capita_usd": 4670.008798138086,
    "avg_applied_tariff_pct": 2.0896036062988506,
    "avg_mfn_tariff_pct": 4.883497429885058,
    "avg_preferential_tariff_pct": 1.8055837943014637,
    "tariff_advantage_pp": 3.0779136355835948
  },
  "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-ITA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ARM-ITA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ARM-ITA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ARM-ITA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ARM-ITA/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"
  }
}