{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:12.860Z", "seo": { "title": "India exports to Armenia: Trade Route Risk | Yugalinks", "description": "Understand reported exports from India 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": "IND", "country_name": "India" }, "importer": { "iso3": "ARM", "country_name": "Armenia" }, "latestYear": 2024, "risk": { "exporter_iso3": "IND", "importer_iso3": "ARM", "all_history_lane_count": 60, "current_lane_count": 51, "current_product_count": 51, "first_observed_last_year": 1999, "latest_data_year": 2024, "current_trade_usd": 175998880.18658918, "attention_trade_usd": 141783039.09588093, "critical_trade_usd": 10421048.166725757, "high_volatility_trade_usd": 130651854.61198342, "unrecovered_drawdown_trade_usd": 25279732.539764117, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 141995447.22387627, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 1, "high_attention_lane_count": 10, "high_volatility_lane_count": 34, "unrecovered_drawdown_lane_count": 17, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 25, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.4151015625392565, "trade_weighted_below_peak_pct": 18.623313931614057, "product_concentration_hhi": 1807.0265269500107, "top1_product_share_pct": 34.41754072599613, "top3_product_share_pct": 65.06447804506172, "top_product_hs6": "710239", "top_product_trade_usd": 60574486.26551647, "top_product_description": "Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set", "top_attention_product_hs6": "710239", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 3245.064453125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 4.438762411226054, "avg_mfn_tariff_pct": 4.516500222720307, "avg_preferential_tariff_pct": 7.320322543103448, "tariff_advantage_pp": -2.8038223203831416, "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": 80.55905750398324, "critical_trade_share_pct": 5.921087768102642, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_markets" ], "attention_level": "High attention", "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": "IND", "importer_iso3": "ARM", "export_value_usd": 56103, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 427826.70222354826, "yoy_growth_pct": 662.5736631259439, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 956567.5408935809, "yoy_growth_pct": 123.58761992227278, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 143706.23648666363, "yoy_growth_pct": -84.97688554721185, "cagr_3y_pct": 36.824281731448 }, { "year": 1999, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 1215043.0163279416, "yoy_growth_pct": 745.5047227130614, "cagr_3y_pct": 41.614564850784404 }, { "year": 2000, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 1860454.1850957945, "yoy_growth_pct": 53.11838018034876, "cagr_3y_pct": 24.824867365687766 }, { "year": 2001, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 2492180.754265112, "yoy_growth_pct": 33.9555025987802, "cagr_3y_pct": 158.8419367339302 }, { "year": 2002, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 2458408.7689783904, "yoy_growth_pct": -1.3551178111348539, "cagr_3y_pct": 26.4796963422393 }, { "year": 2003, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 3926630.7381262197, "yoy_growth_pct": 59.722450866377265, "cagr_3y_pct": 28.272539865528845 }, { "year": 2004, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 6324046.884572815, "yoy_growth_pct": 61.05529922048738, "cagr_3y_pct": 36.39711392928173 }, { "year": 2005, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 8724692.639893843, "yoy_growth_pct": 37.96059389087198, "cagr_3y_pct": 52.53353899657498 }, { "year": 2006, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 13963587.960323397, "yoy_growth_pct": 60.046760804782906, "cagr_3y_pct": 52.63670691706923 }, { "year": 2007, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 16873871.191522017, "yoy_growth_pct": 20.841944344591056, "cagr_3y_pct": 38.698963688157306 }, { "year": 2008, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 32587329.089232326, "yoy_growth_pct": 93.12301675981303, "cagr_3y_pct": 55.15515519810283 }, { "year": 2009, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 32494917.38837538, "yoy_growth_pct": -0.2835816970574667, "cagr_3y_pct": 32.51736876196203 }, { "year": 2010, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 29930729.359471302, "yoy_growth_pct": -7.891043384592145, "cagr_3y_pct": 21.05076084424362 }, { "year": 2011, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 55117847.87206135, "yoy_growth_pct": 84.15136901640459, "cagr_3y_pct": 19.146465042275864 }, { "year": 2012, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 52951398.924406156, "yoy_growth_pct": -3.9305760861416794, "cagr_3y_pct": 17.67584720302149 }, { "year": 2013, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 72135920.69299598, "yoy_growth_pct": 36.23043424400893, "cagr_3y_pct": 34.074059678747325 }, { "year": 2014, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 98139071.54904698, "yoy_growth_pct": 36.04743740184322, "cagr_3y_pct": 21.203891619513037 }, { "year": 2015, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 47335316.527707875, "yoy_growth_pct": -51.76710378388785, "cagr_3y_pct": -3.668287148716032 }, { "year": 2016, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 48503255.86984429, "yoy_growth_pct": 2.467374104180231, "cagr_3y_pct": -12.392805864800193 }, { "year": 2017, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 38849885.21504664, "yoy_growth_pct": -19.902520937361235, "cagr_3y_pct": -26.574102280656795 }, { "year": 2018, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 52494763.08430433, "yoy_growth_pct": 35.12205452790633, "cagr_3y_pct": 3.508710483769706 }, { "year": 2019, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 86544747.25734589, "yoy_growth_pct": 64.86358290322931, "cagr_3y_pct": 21.289519024959237 }, { "year": 2020, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 67956262.33060019, "yoy_growth_pct": -21.47846693857889, "cagr_3y_pct": 20.488772901149854 }, { "year": 2021, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 81924391.2605797, "yoy_growth_pct": 20.554586804709785, "cagr_3y_pct": 15.993169150901387 }, { "year": 2022, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 156028384.80312684, "yoy_growth_pct": 90.45412776622537, "cagr_3y_pct": 21.70851577004491 }, { "year": 2023, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 217563314.5024123, "yoy_growth_pct": 39.438291806281825, "cagr_3y_pct": 47.38458428012713 }, { "year": 2024, "exporter_iso3": "IND", "importer_iso3": "ARM", "export_value_usd": 222153024.73433888, "yoy_growth_pct": 2.109597494606885, "cagr_3y_pct": 39.4482288406671 } ], "riskLanes": [ { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "710239", "hs_description": "Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set", "buyer_imports_latest_usd": 132245772.8619939, "current_below_peak_pct": 21.839880397095982, "lane_volatility_cv": 1.2067877075844546, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "902750", "hs_description": "Instruments and apparatus: using optical radiations (UV, visible, IR), (other than spectrometers, spectrophotometers and spectrographs)", "buyer_imports_latest_usd": 35247659.028049394, "current_below_peak_pct": 0, "lane_volatility_cv": 2.6426465733034203, "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": "IND", "importer_iso3": "ARM", "hs_code": "240120", "hs_description": "Tobacco: partly or wholly stemmed or stripped", "buyer_imports_latest_usd": 75294374.65807796, "current_below_peak_pct": 0, "lane_volatility_cv": 0.891115481091282, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "930690", "hs_description": "Ammunition: n.e.s. in chapter 93", "buyer_imports_latest_usd": 13044648.451457093, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "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": "IND", "importer_iso3": "ARM", "hs_code": "710231", "hs_description": "Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set", "buyer_imports_latest_usd": 366067811.2145784, "current_below_peak_pct": 68.64650901914577, "lane_volatility_cv": 1.8250675643213599, "attention_level": "Critical attention", "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" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "710490", "hs_description": "Stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20", "buyer_imports_latest_usd": 12609286.468500545, "current_below_peak_pct": 55.849423234729876, "lane_volatility_cv": 1.2568654741904977, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "020230", "hs_description": "Meat: of bovine animals, boneless cuts, frozen", "buyer_imports_latest_usd": 11303185.306690361, "current_below_peak_pct": 68.36522747030936, "lane_volatility_cv": 0.8142095979028441, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "710391", "hs_description": "Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set", "buyer_imports_latest_usd": 14368818.408927249, "current_below_peak_pct": 0, "lane_volatility_cv": 1.5099903865458937, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "690721", "hs_description": "Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%", "buyer_imports_latest_usd": 16108019.725477885, "current_below_peak_pct": 0, "lane_volatility_cv": 2.0243235932008554, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "IND", "importer_iso3": "ARM", "hs_code": "090111", "hs_description": "Coffee: not roasted or decaffeinated", "buyer_imports_latest_usd": 24873318.63642399, "current_below_peak_pct": 0, "lane_volatility_cv": 1.7788910393878938, "attention_level": "High attention", "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": "IND", "importer_iso3": "ARM", "distance_km": 3243, "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": 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": 3173397.5908170003, "exporter_gdp_per_capita_usd": 2277.434305882774, "avg_applied_tariff_pct": 4.438762411226054, "avg_mfn_tariff_pct": 4.516500222720307, "avg_preferential_tariff_pct": 7.320322543103448, "tariff_advantage_pp": -2.8038223203831416 }, "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/IND-ARM/risk", "html": "https://www.yugalinks.com/trade/corridor/IND-ARM/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/IND-ARM/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/IND-ARM/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/IND-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" } }