# Armenia to China, Hong Kong SAR HS 711031 new corridor signal

This page reviews a reported new-corridor signal for metals: rhodium, unwrought or in powder form. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 100/100
- Reported period: 2024
- Buyer market imports: $871.8M
- Buyer market growth: +145.7%
- Current exporter share: 0.2%
- Share gap: 26.0%

## 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: $871.8M
- Three-year buyer-import projection: $1.6B
- Supplier countries observed: 14
- Average buyer imports: $168.5M
- Historical buyer-import peak: $871.8M
- Full-history buyer-import CAGR: +22.1%
- Latest buyer-import annual change: +145.7%

## Competition landscape

- Top supplier: Russian Federation
- Top supplier share: 26.2%
- Market concentration: 2,038
- Exporter share: 0.2%
- Share gap to peer benchmark: 26.0%

## Access profile

- Applied tariff: 0.0%
- MFN tariff: 0.0%
- Preferential tariff: 0.0%
- Approximate distance: 6,749 km
- Trade agreement: Not reported
- Business entry time: 1.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $49.7K
- GDP per-person growth: +4.8%
- Population: 7,413k
- GDP: $368.1B
- GDP five-year CAGR: +2.3%
- Investment rate: 23.0%
- Savings rate: 22.2%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $1.4M | +0.0% |

## Broader route context

Broader Armenia to China, Hong Kong SAR route exports provide route context only; they are not presented as HS 711031 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $336.2 | +0.0% |
| 1996 | $202.4K | +60108.9% |
| 1997 | $1.7K | -99.2% |
| 1998 | $454.9K | +27084.4% |
| 1999 | $56.4K | -87.6% |
| 2000 | $42.4K | -24.9% |
| 2001 | $1.1M | +2572.4% |
| 2002 | $2.8M | +143.8% |
| 2003 | $1.8M | -35.2% |
| 2004 | $2.7M | +53.0% |
| 2005 | $832.3K | -69.6% |
| 2006 | $1.7M | +102.0% |
| 2007 | $1.1M | -34.8% |
| 2008 | $995.9K | -9.2% |
| 2009 | $333.5K | -66.5% |
| 2010 | $417.0K | +25.0% |
| 2011 | $2.7M | +551.5% |
| 2012 | $883.9K | -67.5% |
| 2013 | $986.3K | +11.6% |
| 2014 | $990.9K | +0.5% |
| 2015 | $5.9M | +492.4% |
| 2016 | $70.9M | +1107.1% |
| 2017 | $413.3K | -99.4% |
| 2018 | $1.7M | +304.5% |
| 2019 | $2.1M | +24.0% |
| 2020 | $2.1M | +0.6% |
| 2021 | $6.3M | +200.2% |
| 2022 | $16.3M | +159.9% |
| 2023 | $643.6M | +3853.7% |
| 2024 | $2.0B | +215.8% |

## 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.