{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:12.935Z",
  "seo": {
    "title": "Italy exports to Armenia: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Italy 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": "ITA",
    "country_name": "Italy"
  },
  "importer": {
    "iso3": "ARM",
    "country_name": "Armenia"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ITA",
    "importer_iso3": "ARM",
    "all_history_lane_count": 96,
    "current_lane_count": 84,
    "current_product_count": 84,
    "first_observed_last_year": 2002,
    "latest_data_year": 2024,
    "current_trade_usd": 140669467.04318053,
    "attention_trade_usd": 60165711.06757849,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 70979720.4520665,
    "unrecovered_drawdown_trade_usd": 6673624.085332288,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 68618871.40670313,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 7,
    "high_volatility_lane_count": 51,
    "unrecovered_drawdown_lane_count": 28,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 39,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.17037149275181,
    "trade_weighted_below_peak_pct": 13.09227621592738,
    "product_concentration_hhi": 459.1993874976599,
    "top1_product_share_pct": 9.852989327197996,
    "top3_product_share_pct": 26.30449513704874,
    "top_product_hs6": "230990",
    "top_product_trade_usd": 13860147.574390879,
    "top_product_description": "Dog or cat food: (not put up for retail sale), used in animal feeding",
    "top_attention_product_hs6": "240391",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "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": 4.516500222720307,
    "avg_mfn_tariff_pct": 4.516500222720307,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "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": 42.77098103251486,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for 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": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 5218995.726202169,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 10977116.930633811,
      "yoy_growth_pct": 110.33006169219055,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 20822474.874121398,
      "yoy_growth_pct": 89.68983391269316,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 16781843.05262044,
      "yoy_growth_pct": -19.405146822977983,
      "cagr_3y_pct": 47.599279663297935
    },
    {
      "year": 1999,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 24277796.483919304,
      "yoy_growth_pct": 44.66704525715601,
      "cagr_3y_pct": 30.288772371903995
    },
    {
      "year": 2000,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 28113382.237950124,
      "yoy_growth_pct": 15.798739216598046,
      "cagr_3y_pct": 10.524930438223512
    },
    {
      "year": 2001,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 30747328.979048196,
      "yoy_growth_pct": 9.369014083060122,
      "cagr_3y_pct": 22.364633324489635
    },
    {
      "year": 2002,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 37072516.67986851,
      "yoy_growth_pct": 20.571502991789693,
      "cagr_3y_pct": 15.154505379981531
    },
    {
      "year": 2003,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 49133056.87594288,
      "yoy_growth_pct": 32.53229420656947,
      "cagr_3y_pct": 20.453723406938984
    },
    {
      "year": 2004,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 62887884.932077184,
      "yoy_growth_pct": 27.995058583194133,
      "cagr_3y_pct": 26.936503489303632
    },
    {
      "year": 2005,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 71107107.38665849,
      "yoy_growth_pct": 13.069643641948803,
      "cagr_3y_pct": 24.24730601166345
    },
    {
      "year": 2006,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 106397424.21062295,
      "yoy_growth_pct": 49.62980230944653,
      "cagr_3y_pct": 29.375619689565013
    },
    {
      "year": 2007,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 124648609.10997343,
      "yoy_growth_pct": 17.153784534502137,
      "cagr_3y_pct": 25.61460857511406
    },
    {
      "year": 2008,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 152911140.70179957,
      "yoy_growth_pct": 22.673764106658446,
      "cagr_3y_pct": 29.074971756566768
    },
    {
      "year": 2009,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 108877611.76831803,
      "yoy_growth_pct": -28.79680887303938,
      "cagr_3y_pct": 0.7710593196844417
    },
    {
      "year": 2010,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 115181572.99543379,
      "yoy_growth_pct": 5.7899517859833605,
      "cagr_3y_pct": -2.598602192647237
    },
    {
      "year": 2011,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 149508364.4575823,
      "yoy_growth_pct": 29.802329113450575,
      "cagr_3y_pct": -0.7473477687027663
    },
    {
      "year": 2012,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 159061984.9774308,
      "yoy_growth_pct": 6.390024099660985,
      "cagr_3y_pct": 13.468662909931117
    },
    {
      "year": 2013,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 152746215.0024274,
      "yoy_growth_pct": -3.970634451657029,
      "cagr_3y_pct": 9.865790290935795
    },
    {
      "year": 2014,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 172568091.61614734,
      "yoy_growth_pct": 12.977000191726473,
      "cagr_3y_pct": 4.8974671688152505
    },
    {
      "year": 2015,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 128685757.86540921,
      "yoy_growth_pct": -25.428996368777145,
      "cagr_3y_pct": -6.82028833252043
    },
    {
      "year": 2016,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 111946666.08884947,
      "yoy_growth_pct": -13.007726771183915,
      "cagr_3y_pct": -9.840069353974613
    },
    {
      "year": 2017,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 132632482.05645011,
      "yoy_growth_pct": 18.478277817744736,
      "cagr_3y_pct": -8.399790516528272
    },
    {
      "year": 2018,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 169486222.5476553,
      "yoy_growth_pct": 27.78636116869151,
      "cagr_3y_pct": 9.614491102759759
    },
    {
      "year": 2019,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 177564386.24801695,
      "yoy_growth_pct": 4.766265705219941,
      "cagr_3y_pct": 16.622290474529432
    },
    {
      "year": 2020,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 164045292.58943218,
      "yoy_growth_pct": -7.613629030148916,
      "cagr_3y_pct": 7.342397689929747
    },
    {
      "year": 2021,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 184770310.85189307,
      "yoy_growth_pct": 12.633717149281987,
      "cagr_3y_pct": 2.9198780690057546
    },
    {
      "year": 2022,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 269368506.08980083,
      "yoy_growth_pct": 45.78559988770026,
      "cagr_3y_pct": 14.90272216941204
    },
    {
      "year": 2023,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 365709324.1490743,
      "yoy_growth_pct": 35.765435038332136,
      "cagr_3y_pct": 30.63435950040041
    },
    {
      "year": 2024,
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "export_value_usd": 373777838.82246643,
      "yoy_growth_pct": 2.206264412909298,
      "cagr_3y_pct": 26.471825254584846
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ITA",
      "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": 34.86364022866415,
      "lane_volatility_cv": 0.9106359511036928,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "240391",
      "hs_description": "Tobacco: homogenised or reconstituted",
      "buyer_imports_latest_usd": 12835546.906930534,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0058077424593226,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "540742",
      "hs_description": "Fabrics, woven: containing 85% or more by weight of filaments of nylon or other polyamides, dyed",
      "buyer_imports_latest_usd": 13801394.812672451,
      "current_below_peak_pct": 1.2405717275788544,
      "lane_volatility_cv": 0.9207299055426155,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "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": 1.2779000921733932,
      "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": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "842240",
      "hs_description": "Machinery: for packing or wrapping",
      "buyer_imports_latest_usd": 17022736.534056265,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3674785983299613,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "840310",
      "hs_description": "Boilers: central heating boilers (excluding those of heading no. 8402)",
      "buyer_imports_latest_usd": 14977819.658887304,
      "current_below_peak_pct": 7.22106378520349,
      "lane_volatility_cv": 0.680879692666689,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "842230",
      "hs_description": "Machinery: for filling, closing, sealing, capsuling or labelling bottles, cans, bags or other containers, machinery for aerating beverages",
      "buyer_imports_latest_usd": 18231556.088744722,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.217191034688297,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 109540844.77239843,
      "current_below_peak_pct": 6.185959616039489,
      "lane_volatility_cv": 0.957817817164165,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "870421",
      "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1",
      "buyer_imports_latest_usd": 21004970.728675447,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.485393911786932,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "ARM",
      "hs_code": "180690",
      "hs_description": "Chocolate and other food preparations containing cocoa: n.e.c. in chapter 18",
      "buyer_imports_latest_usd": 48417758.20735117,
      "current_below_peak_pct": 11.787071485526022,
      "lane_volatility_cv": 0.6797355384366044,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ITA",
    "importer_iso3": "ARM",
    "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": 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": 2099880.198259,
    "exporter_gdp_per_capita_usd": 35551.286193786254,
    "avg_applied_tariff_pct": 4.516500222720307,
    "avg_mfn_tariff_pct": 4.516500222720307,
    "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/ITA-ARM/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ITA-ARM/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ITA-ARM/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ITA-ARM/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ITA-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"
  }
}