# Armenia to Greece HS 854140 new corridor signal

This page reviews a reported new-corridor signal for electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 88/100
- Reported period: 2024
- Buyer market imports: $870.2M
- Buyer market growth: -5.8%
- Current exporter share: 0.0%
- Share gap: 86.0%

## What the signal means

The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access. Compare demand, suppliers, access, and route history together before acting.

## Market opportunity

- Latest buyer imports: $870.2M
- Three-year buyer-import projection: $1.7B
- Supplier countries observed: 44
- Average buyer imports: $230.7M
- Historical buyer-import peak: $1.2B
- Full-history buyer-import CAGR: +25.3%
- Latest buyer-import annual change: -5.8%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 86.0%
- Market concentration: 7,426
- Exporter share: 0.0%
- Share gap to peer benchmark: 86.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 1,806 km
- Trade agreement: Reported yes
- Business entry time: 4 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $20.3K
- GDP per-person growth: -13.5%
- Population: 10,665k
- GDP: $216.2B
- GDP five-year CAGR: Not reported
- Investment rate: 20.7%
- Savings rate: 14.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $25.4K | +0.0% |

## Broader route context

Broader Armenia to Greece route exports provide route context only; they are not presented as HS 854140 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $864.9K | +0.0% |
| 1996 | $642.6K | -25.7% |
| 1997 | $199.6K | -68.9% |
| 1998 | $576.3K | +188.8% |
| 1999 | $216.9K | -62.4% |
| 2000 | $731.9K | +237.5% |
| 2001 | $2.5M | +236.9% |
| 2002 | $939.5K | -61.9% |
| 2003 | $3.4M | +257.1% |
| 2004 | $776.4K | -76.9% |
| 2005 | $746.5K | -3.9% |
| 2006 | $515.6K | -30.9% |
| 2007 | $2.0M | +296.7% |
| 2008 | $345.2K | -83.1% |
| 2009 | $163.6K | -52.6% |
| 2010 | $107.1K | -34.5% |
| 2011 | $88.1K | -17.8% |
| 2012 | $62.0K | -29.6% |
| 2013 | $51.7K | -16.5% |
| 2014 | $52.5K | +1.4% |
| 2015 | $186.2K | +255.0% |
| 2016 | $270.9K | +45.4% |
| 2017 | $4.9M | +1696.6% |
| 2018 | $451.7K | -90.7% |
| 2019 | $439.2K | -2.8% |
| 2020 | $69.4K | -84.2% |
| 2021 | $111.0K | +60.0% |
| 2022 | $1.4M | +1176.5% |
| 2023 | $3.6M | +156.3% |
| 2024 | $1.2M | -66.6% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Armenia to China, Hong Kong SAR | HS 854232 | New corridor | $8.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-hkg-854232) |
| Armenia to USA, Puerto Rico and US Virgin Islands | HS 382499 | New corridor | $7.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-usa-382499) |
| Armenia to Germany | HS 300214 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-deu-300214) |
| Armenia to Italy | HS 300215 | New corridor | $6.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215) |
| Armenia to Taiwan | HS 847180 | New corridor | $5.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-twn-847180) |
| Armenia to Canada | HS 271019 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-can-271019) |
| Armenia to India | HS 854239 | New corridor | $5.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-ind-854239) |
| Armenia to USA, Puerto Rico and US Virgin Islands | HS 842720 | New corridor | $5.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arm-usa-842720) |

## Frequently asked questions

### What does a new corridor signal mean?

It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales.

### Is the market opportunity reported trade?

Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast.

### What should exporters check next?

Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route.

## Method

The signal is a calculated research indicator based on available reported trade observations. It is not a confirmed order, sales forecast, or guarantee of market entry. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.