{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:15.843Z", "seo": { "title": "Croatia exports to Armenia: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Croatia to Armenia, 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": "HRV", "country_name": "Croatia" }, "importer": { "iso3": "ARM", "country_name": "Armenia" }, "latestYear": 2024, "risk": { "exporter_iso3": "HRV", "importer_iso3": "ARM", "all_history_lane_count": 13, "current_lane_count": 5, "current_product_count": 5, "first_observed_last_year": 2001, "latest_data_year": 2024, "current_trade_usd": 757292.3930772406, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 196088.1335630277, "unrecovered_drawdown_trade_usd": 0, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 535166.8550888327, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 3, "unrecovered_drawdown_lane_count": 0, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 2, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 0.9884244831625102, "trade_weighted_below_peak_pct": 3.1841339879951027, "product_concentration_hhi": 4587.387662380416, "top1_product_share_pct": 65.21542638013864, "top3_product_share_pct": 87.21154206581593, "top_product_hs6": "841199", "top_product_trade_usd": 493871.46308967797, "top_product_description": "Turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 2391.388671875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.0036000001709908247, "has_reported_fta": 1, "avg_applied_tariff_pct": 4.438762411226054, "avg_mfn_tariff_pct": 4.516500222720307, "avg_preferential_tariff_pct": 7.320322543103448, "tariff_advantage_pp": -2.803822320383141, "buyer_biz_entry_days": 4, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 13861.183874, "buyer_gdp_pc_latest": 4670, "buyer_population_latest": 2968.128, "buyer_gdp_5y_cagr_pct": 13.766456496846002, "buyer_gdp_pc_5y_cagr_pct": 13.22885175771702, "buyer_population_5y_cagr_pct": 0.47479483434074155, "buyer_investment_5y_avg_pct": 26.128000000000004, "buyer_savings_5y_avg_pct": 4.422, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 0, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "concentrated_product_mix", "concentrated_buyer_markets" ], "attention_level": "Stable", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 13861.183874, "buyer_gdp_pc_2024": 4670, "buyer_population_2024": 2968.128 }, "history": [ { "year": 1995, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 5188, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 13356.77719549065, "yoy_growth_pct": 157.45522736103794, "cagr_3y_pct": null }, { "year": 1999, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 6691.701747086159, "yoy_growth_pct": -49.90032663459169, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 59914.707008790254, "yoy_growth_pct": 795.3583000748587, "cagr_3y_pct": 126.03610975195289 }, { "year": 2001, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 163365.7530099555, "yoy_growth_pct": 172.66386028723736, "cagr_3y_pct": 130.40210670502813 }, { "year": 2002, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 154082.26655555386, "yoy_growth_pct": -5.682639282320023, "cagr_3y_pct": 184.49328985296964 }, { "year": 2003, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 222352.22187267055, "yoy_growth_pct": 44.30747083571891, "cagr_3y_pct": 54.82318990360713 }, { "year": 2004, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 193050.1425582716, "yoy_growth_pct": -13.178226449735552, "cagr_3y_pct": 5.723054624847257 }, { "year": 2005, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 337316.46210429305, "yoy_growth_pct": 74.72997307032556, "cagr_3y_pct": 29.845915496089436 }, { "year": 2006, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 271756.7838770349, "yoy_growth_pct": -19.435659267346427, "cagr_3y_pct": 6.916887387515613 }, { "year": 2007, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 642318.811007053, "yoy_growth_pct": 136.3579675338264, "cagr_3y_pct": 49.288666268438774 }, { "year": 2008, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 995427.118738436, "yoy_growth_pct": 54.97399448379314, "cagr_3y_pct": 43.43571760460188 }, { "year": 2009, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 918558.9871933439, "yoy_growth_pct": -7.7221255175880295, "cagr_3y_pct": 50.07518434263773 }, { "year": 2010, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 4788346.648622254, "yoy_growth_pct": 421.2889662375459, "cagr_3y_pct": 95.34920467943905 }, { "year": 2011, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1101651.510638013, "yoy_growth_pct": -76.99307106441448, "cagr_3y_pct": 3.437557142177905 }, { "year": 2012, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1089841.2460978047, "yoy_growth_pct": -1.0720508641946513, "cagr_3y_pct": 5.864917441510165 }, { "year": 2013, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1421664.7228297952, "yoy_growth_pct": 30.446955271704958, "cagr_3y_pct": -33.28801427517046 }, { "year": 2014, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1051206.2292288963, "yoy_growth_pct": -26.058077382936585, "cagr_3y_pct": -1.5502622019110013 }, { "year": 2015, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1920938.1192828035, "yoy_growth_pct": 82.73656166325154, "cagr_3y_pct": 20.795302264515914 }, { "year": 2016, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 6823484.431497517, "yoy_growth_pct": 255.21625413134677, "cagr_3y_pct": 68.68236161759447 }, { "year": 2017, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1021799.901886142, "yoy_growth_pct": -85.02524755285633, "cagr_3y_pct": -0.9412955701676218 }, { "year": 2018, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 3102621.5876699723, "yoy_growth_pct": 203.64277604087047, "cagr_3y_pct": 17.32893944740681 }, { "year": 2019, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 727838.6370710774, "yoy_growth_pct": -76.54117279517563, "cagr_3y_pct": -52.57474947393875 }, { "year": 2020, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 598962.3778347668, "yoy_growth_pct": -17.70670759592077, "cagr_3y_pct": -16.30916597456922 }, { "year": 2021, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 687010.5485891171, "yoy_growth_pct": 14.700117071232777, "cagr_3y_pct": -39.50146402193082 }, { "year": 2022, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 1833337.2666929057, "yoy_growth_pct": 166.85722227379893, "cagr_3y_pct": 36.061656312874305 }, { "year": 2023, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 4773491.5887499545, "yoy_growth_pct": 160.37170985787532, "cagr_3y_pct": 99.74635935878757 }, { "year": 2024, "exporter_iso3": "HRV", "importer_iso3": "ARM", "export_value_usd": 3723110.4077917617, "yoy_growth_pct": -22.0044628010596, "cagr_3y_pct": 75.64973677029299 } ], "riskLanes": [ { "exporter_iso3": "HRV", "importer_iso3": "ARM", "hs_code": "841199", "hs_description": "Turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)", "buyer_imports_latest_usd": 12853535.272814808, "current_below_peak_pct": 0, "lane_volatility_cv": 0.6073024024972407, "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": "HRV", "importer_iso3": "ARM", "hs_code": "640419", "hs_description": "Footwear: (other than sportswear), with outer soles of rubber or plastics and uppers of textile materials", "buyer_imports_latest_usd": 15771215.823035978, "current_below_peak_pct": 0, "lane_volatility_cv": 2.2508534319837543, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "HRV", "importer_iso3": "ARM", "hs_code": "230990", "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding", "buyer_imports_latest_usd": 40912076.72234406, "current_below_peak_pct": 27.863337988977527, "lane_volatility_cv": 0.7360292546028719, "attention_level": "Watch", "primary_risk_reason": "The lane has limited historical coverage", "risk_driver_labels": [ "limited_history" ] }, { "exporter_iso3": "HRV", "importer_iso3": "ARM", "hs_code": "382200", "hs_description": "Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material", "buyer_imports_latest_usd": 14507175.01100637, "current_below_peak_pct": 9.634526391419561, "lane_volatility_cv": 1.8029091237792931, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "HRV", "importer_iso3": "ARM", "hs_code": "640399", "hs_description": "Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather", "buyer_imports_latest_usd": 18403588.560334582, "current_below_peak_pct": 0, "lane_volatility_cv": 1.8284345588497077, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "HRV", "importer_iso3": "ARM", "distance_km": 2395, "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": 1, "rta_coverage_ratio": 3, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 1, "importer_is_eu": 0, "importer_gdp_million_usd": 13861.183874, "importer_gdp_per_capita_usd": 4670.008798138086, "importer_population": 2968.128, "importer_biz_entry_days": 4, "importer_biz_entry_cost_pct": 0.8, "exporter_gdp_million_usd": 67837.78854400001, "exporter_gdp_per_capita_usd": 17398.76597691716, "avg_applied_tariff_pct": 4.438762411226054, "avg_mfn_tariff_pct": 4.516500222720307, "avg_preferential_tariff_pct": 7.320322543103448, "tariff_advantage_pp": -2.803822320383141 }, "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/HRV-ARM/risk", "html": "https://www.yugalinks.com/trade/corridor/HRV-ARM/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/HRV-ARM/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/HRV-ARM/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/HRV-ARM/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" } }