{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:59.586Z",
  "seo": {
    "title": "Vietnam exports to Armenia: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Vietnam 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": "VNM",
    "country_name": "Vietnam"
  },
  "importer": {
    "iso3": "ARM",
    "country_name": "Armenia"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "VNM",
    "importer_iso3": "ARM",
    "all_history_lane_count": 25,
    "current_lane_count": 25,
    "current_product_count": 25,
    "first_observed_last_year": 2024,
    "latest_data_year": 2024,
    "current_trade_usd": 145654709.11058512,
    "attention_trade_usd": 141550575.64663896,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 141082220.0271846,
    "unrecovered_drawdown_trade_usd": 5547949.016179497,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 139205625.43532905,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 7,
    "high_volatility_lane_count": 16,
    "unrecovered_drawdown_lane_count": 7,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 10,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.6171824898961613,
    "trade_weighted_below_peak_pct": 5.831649190029618,
    "product_concentration_hhi": 5906.273713549201,
    "top1_product_share_pct": 75.95952492291912,
    "top3_product_share_pct": 91.6992931993684,
    "top_product_hs6": "851712",
    "top_product_trade_usd": 110638625.06826024,
    "top_product_description": "Telephones for cellular networks or for other wireless networks",
    "top_attention_product_hs6": "851712",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 6124.7333984375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 3.993972753295019,
    "avg_mfn_tariff_pct": 4.516500222720307,
    "avg_preferential_tariff_pct": 5.273065403601533,
    "tariff_advantage_pp": -0.7565651808812267,
    "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": 97.18228577091168,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "High attention",
    "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": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 511866.63674653036,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 386978.69568721886,
      "yoy_growth_pct": -24.39853119810862,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 510462.24452543625,
      "yoy_growth_pct": 31.90965037982989,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 509199.3505896231,
      "yoy_growth_pct": -0.24740202617477003,
      "cagr_3y_pct": -0.17399926802359467
    },
    {
      "year": 1999,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 727401.2057476792,
      "yoy_growth_pct": 42.851950794004566,
      "cagr_3y_pct": 23.41340082014389
    },
    {
      "year": 2000,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 1285581.3074821106,
      "yoy_growth_pct": 76.73620793090254,
      "cagr_3y_pct": 36.054206714779035
    },
    {
      "year": 2001,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 378107.10017129243,
      "yoy_growth_pct": -70.5886280415948,
      "cagr_3y_pct": -9.445716795491855
    },
    {
      "year": 2002,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 1063239.3416535312,
      "yoy_growth_pct": 181.20057549087437,
      "cagr_3y_pct": 13.488626614189991
    },
    {
      "year": 2003,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 1016445.7485396141,
      "yoy_growth_pct": -4.401040413078061,
      "cagr_3y_pct": -7.531271712729016
    },
    {
      "year": 2004,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 665629.851815927,
      "yoy_growth_pct": -34.51398141295042,
      "cagr_3y_pct": 20.74597221248451
    },
    {
      "year": 2005,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 1082663.1088411934,
      "yoy_growth_pct": 62.652427003918774,
      "cagr_3y_pct": 0.6052783398616812
    },
    {
      "year": 2006,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 2185782.773752966,
      "yoy_growth_pct": 101.88946643729966,
      "cagr_3y_pct": 29.07464276803222
    },
    {
      "year": 2007,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 5536217.871261263,
      "yoy_growth_pct": 153.28307724539502,
      "cagr_3y_pct": 102.60965050120751
    },
    {
      "year": 2008,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 5835014.053237859,
      "yoy_growth_pct": 5.3971174712552195,
      "cagr_3y_pct": 75.3272910108367
    },
    {
      "year": 2009,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 5129388.983476981,
      "yoy_growth_pct": -12.092945506606378,
      "cagr_3y_pct": 32.88813668438058
    },
    {
      "year": 2010,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 8239199.339132988,
      "yoy_growth_pct": 60.6273060139028,
      "cagr_3y_pct": 14.171387540039305
    },
    {
      "year": 2011,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 5783732.352486387,
      "yoy_growth_pct": -29.802252446837752,
      "cagr_3y_pct": -0.2938163179367237
    },
    {
      "year": 2012,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 14393315.80025094,
      "yoy_growth_pct": 148.85860760938135,
      "cagr_3y_pct": 41.04739616320838
    },
    {
      "year": 2013,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 6754282.473746529,
      "yoy_growth_pct": -53.07347822085047,
      "cagr_3y_pct": -6.409578528821891
    },
    {
      "year": 2014,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 20852362.52735925,
      "yoy_growth_pct": 208.72801971802443,
      "cagr_3y_pct": 53.33772884959398
    },
    {
      "year": 2015,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 6499042.84172862,
      "yoy_growth_pct": -68.83306228154446,
      "cagr_3y_pct": -23.282192654400824
    },
    {
      "year": 2016,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 11121694.338953696,
      "yoy_growth_pct": 71.12818933188537,
      "cagr_3y_pct": 18.085682814168358
    },
    {
      "year": 2017,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 19368091.308398988,
      "yoy_growth_pct": 74.14694846056247,
      "cagr_3y_pct": -2.4312998795756546
    },
    {
      "year": 2018,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 21085744.079001732,
      "yoy_growth_pct": 8.868466919390672,
      "cagr_3y_pct": 48.04026156428254
    },
    {
      "year": 2019,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 30674146.90090807,
      "yoy_growth_pct": 45.47339086532385,
      "cagr_3y_pct": 40.23847464669452
    },
    {
      "year": 2020,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 12346723.631945187,
      "yoy_growth_pct": -59.748762787663125,
      "cagr_3y_pct": -13.935978705760677
    },
    {
      "year": 2021,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 10638809.318887472,
      "yoy_growth_pct": -13.83293547317086,
      "cagr_3y_pct": -20.389925322496836
    },
    {
      "year": 2022,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 95941144.78098738,
      "yoy_growth_pct": 801.8034058629054,
      "cagr_3y_pct": 46.24380149923504
    },
    {
      "year": 2023,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 207591638.4374306,
      "yoy_growth_pct": 116.37394353727677,
      "cagr_3y_pct": 156.1844173533987
    },
    {
      "year": 2024,
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "export_value_usd": 163586716.60153973,
      "yoy_growth_pct": -21.197829627012755,
      "cagr_3y_pct": 148.66710418199912
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "851712",
      "hs_description": "Telephones for cellular networks or for other wireless networks",
      "buyer_imports_latest_usd": 235420336.59312633,
      "current_below_peak_pct": 1.6778666406051912,
      "lane_volatility_cv": 1.565402046587558,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "847130",
      "hs_description": "Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display",
      "buyer_imports_latest_usd": 69309322.34381466,
      "current_below_peak_pct": 8.251668536853956,
      "lane_volatility_cv": 1.712245793576808,
      "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": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "851830",
      "hs_description": "Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers",
      "buyer_imports_latest_usd": 14810645.964557448,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.9117271249927195,
      "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": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "851762",
      "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus",
      "buyer_imports_latest_usd": 35992444.74660782,
      "current_below_peak_pct": 70.24009884274184,
      "lane_volatility_cv": 2.3296475912599606,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "090111",
      "hs_description": "Coffee: not roasted or decaffeinated",
      "buyer_imports_latest_usd": 24873318.63642399,
      "current_below_peak_pct": 41.0710529459909,
      "lane_volatility_cv": 0.9636920664883167,
      "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": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "852872",
      "hs_description": "Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen",
      "buyer_imports_latest_usd": 26698008.171322946,
      "current_below_peak_pct": 96.23146439603661,
      "lane_volatility_cv": 3.5633387588811316,
      "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",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "901839",
      "hs_description": "Medical, surgical instruments and appliances: catheters, cannulae and the like",
      "buyer_imports_latest_usd": 14915521.479838435,
      "current_below_peak_pct": 57.168726474815166,
      "lane_volatility_cv": 2.237221757618514,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "ARM",
      "hs_code": "844331",
      "hs_description": "Printing, copying, and facsimile machines: machines which perform two or more of the functions of printing, copying or facsimile transmission, capable of connecting to an automatic data processing machine or to a network",
      "buyer_imports_latest_usd": 11432477.451732649,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.5243641535402157,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "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": 6.850633249244968,
      "lane_volatility_cv": 0.8990099753609019,
      "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": "VNM",
      "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": 41.158243539016055,
      "lane_volatility_cv": 1.1999626292269783,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "VNM",
    "importer_iso3": "ARM",
    "distance_km": 6887,
    "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": 0,
    "rta_coverage_ratio": 2,
    "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": 362637.524071,
    "exporter_gdp_per_capita_usd": 3694.018970960344,
    "avg_applied_tariff_pct": 3.993972753295019,
    "avg_mfn_tariff_pct": 4.516500222720307,
    "avg_preferential_tariff_pct": 5.273065403601533,
    "tariff_advantage_pp": -0.7565651808812267
  },
  "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/VNM-ARM/risk",
    "html": "https://www.yugalinks.com/trade/corridor/VNM-ARM/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/VNM-ARM/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/VNM-ARM/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/VNM-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"
  }
}