{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:18.385Z",
  "seo": {
    "title": "Hong Kong exports to Andorra: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Hong Kong to Andorra, 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": "HKG",
    "country_name": "Hong Kong"
  },
  "importer": {
    "iso3": "AND",
    "country_name": "Andorra"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "HKG",
    "importer_iso3": "AND",
    "all_history_lane_count": 2,
    "current_lane_count": 2,
    "current_product_count": 2,
    "first_observed_last_year": 2024,
    "latest_data_year": 2024,
    "current_trade_usd": 78934.36621722154,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 78934.36621722154,
    "unrecovered_drawdown_trade_usd": 78934.36621722154,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 78934.36621722154,
    "access_friction_trade_usd": 78934.36621722154,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 2,
    "unrecovered_drawdown_lane_count": 2,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 2,
    "access_friction_lane_count": 2,
    "trade_weighted_volatility_cv": 1.3243308359595805,
    "trade_weighted_below_peak_pct": 63.77921854379172,
    "product_concentration_hhi": 5624.826067012678,
    "top1_product_share_pct": 67.67520957460872,
    "top3_product_share_pct": 100,
    "top_product_hs6": "910121",
    "top_product_trade_usd": 53418.997763893814,
    "top_product_description": "Wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 10060.0400390625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.07919999957084656,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": null,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 3329.910724,
    "buyer_gdp_pc_latest": 43048,
    "buyer_population_latest": 77.354,
    "buyer_gdp_5y_cagr_pct": 5.067615348907384,
    "buyer_gdp_pc_5y_cagr_pct": 3.6273911919270097,
    "buyer_population_5y_cagr_pct": 1.3898103005536067,
    "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": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Current trade remains materially below historical peaks",
    "buyer_gdp_mn_2024": 3329.910724,
    "buyer_gdp_pc_2024": 43048,
    "buyer_population_2024": 77.354
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1670599.297066763,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1176332.7442318485,
      "yoy_growth_pct": -29.586182258231965,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 743498.525319744,
      "yoy_growth_pct": -36.79521980787397,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 882802.6190781654,
      "yoy_growth_pct": 18.736297250692346,
      "cagr_3y_pct": -19.153025363769103
    },
    {
      "year": 1999,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 991237.7125094855,
      "yoy_growth_pct": 12.283050716880473,
      "cagr_3y_pct": -5.546973810467703
    },
    {
      "year": 2000,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1023694.8963426077,
      "yoy_growth_pct": 3.2744097024871355,
      "cagr_3y_pct": 11.24917752323633
    },
    {
      "year": 2001,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 825150.9125428693,
      "yoy_growth_pct": -19.394839664541042,
      "cagr_3y_pct": -2.2260283015550164
    },
    {
      "year": 2002,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1131776.353154201,
      "yoy_growth_pct": 37.15992262147581,
      "cagr_3y_pct": 4.518764248147544
    },
    {
      "year": 2003,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1510622.7086954885,
      "yoy_growth_pct": 33.47360584849317,
      "cagr_3y_pct": 13.848808630003306
    },
    {
      "year": 2004,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1198427.6176439205,
      "yoy_growth_pct": -20.66664887628803,
      "cagr_3y_pct": 13.246852784793361
    },
    {
      "year": 2005,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 875897.3929084023,
      "yoy_growth_pct": -26.912783048975854,
      "cagr_3y_pct": -8.188403507192776
    },
    {
      "year": 2006,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1081981.2806777523,
      "yoy_growth_pct": 23.528313868483174,
      "cagr_3y_pct": -10.527841921462711
    },
    {
      "year": 2007,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1321213.092525355,
      "yoy_growth_pct": 22.11053149623328,
      "cagr_3y_pct": 3.304764811996219
    },
    {
      "year": 2008,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 1090821.896134091,
      "yoy_growth_pct": -17.437852962151347,
      "cagr_3y_pct": 7.58875231066094
    },
    {
      "year": 2009,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 554045.8302414413,
      "yoy_growth_pct": -49.20840586304712,
      "cagr_3y_pct": -19.996562466238068
    },
    {
      "year": 2010,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 761089.5860969564,
      "yoy_growth_pct": 37.36942768169376,
      "cagr_3y_pct": -16.794065300861405
    },
    {
      "year": 2011,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 576626.2142962205,
      "yoy_growth_pct": -24.23674888874867,
      "cagr_3y_pct": -19.1437655938701
    },
    {
      "year": 2012,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 803680.6175183753,
      "yoy_growth_pct": 39.37635813163256,
      "cagr_3y_pct": 13.199871692729293
    },
    {
      "year": 2013,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 903464.1322463141,
      "yoy_growth_pct": 12.415816999052787,
      "cagr_3y_pct": 5.882709291265731
    },
    {
      "year": 2014,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 300548.0492710472,
      "yoy_growth_pct": -66.73381504102612,
      "cagr_3y_pct": -19.522740831188234
    },
    {
      "year": 2015,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 372133.4815924,
      "yoy_growth_pct": 23.818298769523526,
      "cagr_3y_pct": -22.63608890028945
    },
    {
      "year": 2016,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 842148.4623576815,
      "yoy_growth_pct": 126.30279295322629,
      "cagr_3y_pct": -2.3154422172164235
    },
    {
      "year": 2017,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 257356.90096379933,
      "yoy_growth_pct": -69.44043568715875,
      "cagr_3y_pct": -5.040015530840202
    },
    {
      "year": 2018,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 479523.989100522,
      "yoy_growth_pct": 86.32645454802605,
      "cagr_3y_pct": 8.818782886760834
    },
    {
      "year": 2019,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 416723.598034057,
      "yoy_growth_pct": -13.096402368578941,
      "cagr_3y_pct": -20.904250682074544
    },
    {
      "year": 2020,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 2170393.4494995703,
      "yoy_growth_pct": 420.82326504634216,
      "cagr_3y_pct": 103.54833328044184
    },
    {
      "year": 2021,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 856566.8998330006,
      "yoy_growth_pct": -60.53402667472573,
      "cagr_3y_pct": 21.33431701415345
    },
    {
      "year": 2022,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 499232.61282052525,
      "yoy_growth_pct": -41.717031919181395,
      "cagr_3y_pct": 6.20662740733533
    },
    {
      "year": 2023,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 616343.2102085784,
      "yoy_growth_pct": 23.458122402382898,
      "cagr_3y_pct": -34.270340574457784
    },
    {
      "year": 2024,
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "export_value_usd": 569651.3686974859,
      "yoy_growth_pct": -7.575623571044354,
      "cagr_3y_pct": -12.71305659605515
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "hs_code": "910121",
      "hs_description": "Wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal",
      "buyer_imports_latest_usd": 11373594.226319622,
      "current_below_peak_pct": 59.25112191810006,
      "lane_volatility_cv": 1.4191291818553353,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "AND",
      "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": 11526456.430488547,
      "current_below_peak_pct": 73.25924560924335,
      "lane_volatility_cv": 1.1258609358799794,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "HKG",
    "importer_iso3": "AND",
    "distance_km": 10068,
    "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": 3329.910724,
    "importer_gdp_per_capita_usd": 43047.68627349587,
    "importer_population": 77.354,
    "importer_biz_entry_days": null,
    "importer_biz_entry_cost_pct": null,
    "exporter_gdp_million_usd": 368139.247671,
    "exporter_gdp_per_capita_usd": 49660.63423817296,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "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/HKG-AND/risk",
    "html": "https://www.yugalinks.com/trade/corridor/HKG-AND/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/HKG-AND/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/HKG-AND/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/HKG-AND/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"
  }
}