{
  "template": "new-corridor-signal",
  "templateName": "New Corridor Signal",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215",
  "seo": {
    "title": "Armenia to Italy new corridor | HS 300215 | Yugalinks",
    "description": "Reported new-corridor signal for Armenia to Italy in blood, human or animal, antisera, other blood fractions and immunological products (HS 300215), with...",
    "robots": "index, follow"
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "Trade data",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "New corridor signals",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "ARM-ITA-HS 300215",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215"
    }
  ],
  "exporter": {
    "iso3": "ARM",
    "country_name": "Armenia"
  },
  "importer": {
    "iso3": "ITA",
    "country_name": "Italy"
  },
  "hsCode": "300215",
  "product": "Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "ARM",
    "importer_iso3": "ITA",
    "hs_code": "300215",
    "your_market_share_pct": 0.0000615750054522756,
    "your_share_change_pp": 0.0000615750054522756,
    "market_imports_usd": 6361787263.336786,
    "market_yoy_growth_pct": 15.076546685922153,
    "market_cagr_3y_pct": 6.321003,
    "top_supplier_iso3": "DEU",
    "top_supplier_share_pct": 27.066131441743362,
    "your_share_gap_pp": 27.06606986673791,
    "num_suppliers": 40,
    "market_hhi": 1654.3690541477054,
    "volatility_mean_usd": 3917.2708542618007,
    "volatility_stddev_usd": 0,
    "volatility_cv": 0,
    "max_drawdown_pct": 0,
    "momentum_yoy_pct": null,
    "momentum_acceleration_pct": null,
    "anomaly_type": "",
    "anomaly_severity": "0",
    "anomaly_z_score": 0,
    "new_corridor_signal_type": "new",
    "new_corridor_signal_strength": 71.86188907444819
  },
  "market": {
    "exporter_iso3": "ARM",
    "importer_iso3": "ITA",
    "hs_code": "300215",
    "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale",
    "hs_chapter": "30",
    "hs_heading": "3002",
    "price_range_label": null,
    "trade_type_label": null,
    "substitution_elasticity": null,
    "buyer_imports_latest_usd": 6361787263.336785,
    "buyer_imports_avg_usd": 4075465065.0103474,
    "buyer_imports_peak_usd": 6361787263.336785,
    "buyer_cagr_full_pct": 9.4558,
    "buyer_yoy_avg_pct": 11.7836,
    "buyer_yoy_latest_pct": 15.0765,
    "buyer_trend_consistency_pct": 75,
    "buyer_imports_proj_3y_usd": 8342493099.06,
    "buyer_imports_proj_5y_usd": 9994789807.7,
    "buyer_gdp_mn_latest": 2099880.198259,
    "buyer_gdp_pc_latest": 35551,
    "buyer_population_latest": 59066.223,
    "buyer_investment_rate": 21.25,
    "buyer_savings_rate": 22.49,
    "buyer_edu_secondary": 95.34,
    "buyer_gdp_mn_2030_proj": 1953678.32,
    "buyer_gdp_pc_2030_proj": 33629.24,
    "buyer_gdp_pc_growth_pct": -5.41,
    "buyer_gdp_mn_growth_pct": -6.96,
    "buyer_pop_growth_pct": -1.65,
    "exports_latest_usd": 3917.2708542618007,
    "exports_avg_usd": 3917.2708542618007,
    "exports_peak_usd": 3917.2708542618007,
    "share_latest_pct": 0.00006157500545227561,
    "share_avg_pct": 0.00006157500545227561,
    "share_peak_pct": 0.00006157500545227561,
    "share_change_1y_pp": 0.00006157500545227561,
    "share_trend_pp_per_yr": null,
    "cagr_full_pct": null,
    "yoy_avg_pct": null,
    "yoy_latest_pct": null,
    "trend_consistency_pct": null,
    "exports_proj_3y_usd": null,
    "exports_proj_5y_usd": null,
    "your_share_gap_pp": 27.0661,
    "addressable_proj_3y_usd": 2257985010.82,
    "addressable_proj_5y_usd": 2705196792.39,
    "peer_best_share_pct": 27.066131441743362,
    "peer_top_exporter": "DEU",
    "num_suppliers_latest": 40,
    "buyer_herfindahl_index": 1654.37,
    "distance_km": 2677.669677734375,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_wto_reported_fta": 1,
    "buyer_is_eu_member": 1,
    "buyer_biz_entry_days": 11,
    "shared_legal_system": 0,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 0,
    "lane_max_drawdown_pct": 0,
    "signal_flag": "Declining",
    "lane_data_years": 1,
    "lane_last_year": 2024
  },
  "access": {
    "lane_access_data_available": false,
    "exporter_iso3": "ARM",
    "importer_iso3": "ITA",
    "hs_code": "300215"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 3917.2708542618007,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1995,
      "export_value_usd": 848812.8000608229,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "export_value_usd": 705022.8398178412,
      "yoy_growth_pct": -16.940126283755173,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "export_value_usd": 546081.6937558954,
      "yoy_growth_pct": -22.544113053558934,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 2851154.882992359,
      "yoy_growth_pct": 422.1114195171789,
      "cagr_3y_pct": 49.76245936346724
    },
    {
      "year": 1999,
      "export_value_usd": 1207868.8343286603,
      "yoy_growth_pct": -57.635804300432405,
      "cagr_3y_pct": 19.65720743271675
    },
    {
      "year": 2000,
      "export_value_usd": 2609103.85598295,
      "yoy_growth_pct": 116.00887296948126,
      "cagr_3y_pct": 68.42682022195052
    },
    {
      "year": 2001,
      "export_value_usd": 6501390.218726219,
      "yoy_growth_pct": 149.1809670135532,
      "cagr_3y_pct": 31.62199662096583
    },
    {
      "year": 2002,
      "export_value_usd": 9007438.053581286,
      "yoy_growth_pct": 38.54633779152028,
      "cagr_3y_pct": 95.37118145820152
    },
    {
      "year": 2003,
      "export_value_usd": 14110354.4718115,
      "yoy_growth_pct": 56.65225103825537,
      "cagr_3y_pct": 75.52898941573778
    },
    {
      "year": 2004,
      "export_value_usd": 21152166.568165522,
      "yoy_growth_pct": 49.90528133380045,
      "cagr_3y_pct": 48.177708642170344
    },
    {
      "year": 2005,
      "export_value_usd": 19354899.90127464,
      "yoy_growth_pct": -8.4968443355387,
      "cagr_3y_pct": 29.041642362458497
    },
    {
      "year": 2006,
      "export_value_usd": 23810613.92566581,
      "yoy_growth_pct": 23.02111634324564,
      "cagr_3y_pct": 19.05406348860521
    },
    {
      "year": 2007,
      "export_value_usd": 24376518.143310554,
      "yoy_growth_pct": 2.376688897696777,
      "cagr_3y_pct": 4.842879011928858
    },
    {
      "year": 2008,
      "export_value_usd": 21414724.539732326,
      "yoy_growth_pct": -12.150191369274822,
      "cagr_3y_pct": 3.4285701773194566
    },
    {
      "year": 2009,
      "export_value_usd": 7025884.587669364,
      "yoy_growth_pct": -67.19133802242602,
      "cagr_3y_pct": -33.4251587682892
    },
    {
      "year": 2010,
      "export_value_usd": 11131421.67810882,
      "yoy_growth_pct": 58.43445105324952,
      "cagr_3y_pct": -22.993688675863112
    },
    {
      "year": 2011,
      "export_value_usd": 14804082.674324377,
      "yoy_growth_pct": 32.99363821099557,
      "cagr_3y_pct": -11.578813871745508
    },
    {
      "year": 2012,
      "export_value_usd": 12947457.65246165,
      "yoy_growth_pct": -12.541304062579872,
      "cagr_3y_pct": 22.601136458693816
    },
    {
      "year": 2013,
      "export_value_usd": 24399239.5732299,
      "yoy_growth_pct": 88.44811258054949,
      "cagr_3y_pct": 29.899820855215296
    },
    {
      "year": 2014,
      "export_value_usd": 35139838.490353,
      "yoy_growth_pct": 44.02021991253924,
      "cagr_3y_pct": 33.39495957575957
    },
    {
      "year": 2015,
      "export_value_usd": 34005404.10729863,
      "yoy_growth_pct": -3.228342621340774,
      "cagr_3y_pct": 37.971000517164995
    },
    {
      "year": 2016,
      "export_value_usd": 31474564.126978375,
      "yoy_growth_pct": -7.442464063460596,
      "cagr_3y_pct": 8.858198881540002
    },
    {
      "year": 2017,
      "export_value_usd": 35458950.53173847,
      "yoy_growth_pct": 12.659067775127287,
      "cagr_3y_pct": 0.30179508059251514
    },
    {
      "year": 2018,
      "export_value_usd": 48798235.10248685,
      "yoy_growth_pct": 37.61894915307407,
      "cagr_3y_pct": 12.793842443394766
    },
    {
      "year": 2019,
      "export_value_usd": 57106001.21408982,
      "yoy_growth_pct": 17.024726599547833,
      "cagr_3y_pct": 21.966531995172623
    },
    {
      "year": 2020,
      "export_value_usd": 37568376.153097786,
      "yoy_growth_pct": -34.21291045707381,
      "cagr_3y_pct": 1.9449026028685035
    },
    {
      "year": 2021,
      "export_value_usd": 59762535.79515582,
      "yoy_growth_pct": 59.0767073658252,
      "cagr_3y_pct": 6.98961726710936
    },
    {
      "year": 2022,
      "export_value_usd": 53409774.95058447,
      "yoy_growth_pct": -10.63000550436196,
      "cagr_3y_pct": -2.2058223055328563
    },
    {
      "year": 2023,
      "export_value_usd": 49388871.710222155,
      "yoy_growth_pct": -7.528403263414829,
      "cagr_3y_pct": 9.547438491108927
    },
    {
      "year": 2024,
      "export_value_usd": 46892100.63208263,
      "yoy_growth_pct": -5.05533127541109,
      "cagr_3y_pct": -7.766174080080191
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "HKG",
      "hs_code": "854232",
      "your_market_share_pct": 0.00004156730028066494,
      "your_share_change_pp": 0.00004156730028066494,
      "market_imports_usd": 8716432086.223686,
      "market_yoy_growth_pct": -3.033517237882588,
      "market_cagr_3y_pct": -18.079779,
      "top_supplier_iso3": "SGP",
      "top_supplier_share_pct": 72.18598878242368,
      "your_share_gap_pp": 72.18594721512339,
      "num_suppliers": 57,
      "market_hhi": 5361.1073715986095,
      "volatility_mean_usd": 3623.1854990408274,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 71.18420836700548,
      "exporter_name": "Armenia",
      "importer_name": "China, Hong Kong SAR",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "USA",
      "hs_code": "382499",
      "your_market_share_pct": 0.00003657217796395442,
      "your_share_change_pp": 0.00003657217796395442,
      "market_imports_usd": 7860915723.853134,
      "market_yoy_growth_pct": -5.632550385668933,
      "market_cagr_3y_pct": 28.565413,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 30.852289144958732,
      "your_share_gap_pp": 30.852252572780767,
      "num_suppliers": 100,
      "market_hhi": 1685.436700713422,
      "volatility_mean_usd": 2874.908088124044,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 69.17550004410286,
      "exporter_name": "Armenia",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "DEU",
      "hs_code": "300214",
      "your_market_share_pct": 0.00005143481832031929,
      "your_share_change_pp": 0.00005143481832031929,
      "market_imports_usd": 6930840890.892647,
      "market_yoy_growth_pct": -6.432083993349568,
      "market_cagr_3y_pct": 4.153012,
      "top_supplier_iso3": "IRL",
      "top_supplier_share_pct": 28.064439159723182,
      "your_share_gap_pp": 28.06438772490486,
      "num_suppliers": 44,
      "market_hhi": 1850.593104144058,
      "volatility_mean_usd": 3564.865420301032,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 71.0432989679053,
      "exporter_name": "Armenia",
      "importer_name": "Germany",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "TWN",
      "hs_code": "847180",
      "your_market_share_pct": 0.0003101722735077359,
      "your_share_change_pp": 0.0003101722735077359,
      "market_imports_usd": 5868563224.8317795,
      "market_yoy_growth_pct": 114.19755960712736,
      "market_cagr_3y_pct": 61.145549,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 34.73424382261973,
      "your_share_gap_pp": 34.73393365034622,
      "num_suppliers": 62,
      "market_hhi": 2634.57397029609,
      "volatility_mean_usd": 18202.655976699632,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 85.20317238723338,
      "exporter_name": "Armenia",
      "importer_name": "Taiwan",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "CAN",
      "hs_code": "271019",
      "your_market_share_pct": 2.9345361215602855e-7,
      "your_share_change_pp": 2.9345361215602855e-7,
      "market_imports_usd": 5655694800.069543,
      "market_yoy_growth_pct": -19.475370630129028,
      "market_cagr_3y_pct": 13.419617,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 80.07197842108688,
      "your_share_gap_pp": 80.07197812763327,
      "num_suppliers": 99,
      "market_hhi": 6453.674030108212,
      "volatility_mean_usd": 16.59684068332475,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 24.908694041553954,
      "exporter_name": "Armenia",
      "importer_name": "Canada",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "IND",
      "hs_code": "854239",
      "your_market_share_pct": 0.0004148036791092156,
      "your_share_change_pp": 0.0004148036791092156,
      "market_imports_usd": 5622381962.147682,
      "market_yoy_growth_pct": 25.186298667097073,
      "market_cagr_3y_pct": 28.240168,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 37.1705817033589,
      "your_share_gap_pp": 37.17016689967979,
      "num_suppliers": 75,
      "market_hhi": 2644.770584801364,
      "volatility_mean_usd": 23321.84723256149,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 87.35563135219354,
      "exporter_name": "Armenia",
      "importer_name": "India",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "USA",
      "hs_code": "842720",
      "your_market_share_pct": 0.000019187900893779892,
      "your_share_change_pp": 0.000019187900893779892,
      "market_imports_usd": 4975801082.887494,
      "market_yoy_growth_pct": 13.608349214959459,
      "market_cagr_3y_pct": 42.93857,
      "top_supplier_iso3": "GBR",
      "top_supplier_share_pct": 23.26144420097422,
      "your_share_gap_pp": 23.261425013073328,
      "num_suppliers": 46,
      "market_hhi": 1303.7866937339743,
      "volatility_mean_usd": 954.751780456079,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 59.60690231465375,
      "exporter_name": "Armenia",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARM",
      "importer_iso3": "DEU",
      "hs_code": "090111",
      "your_market_share_pct": 5.107867792838451e-7,
      "your_share_change_pp": 5.107867792838451e-7,
      "market_imports_usd": 4251538917.3834057,
      "market_yoy_growth_pct": 40.398812894060086,
      "market_cagr_3y_pct": 14.550827,
      "top_supplier_iso3": "BRA",
      "top_supplier_share_pct": 43.391642990278655,
      "your_share_gap_pp": 43.39164247949188,
      "num_suppliers": 114,
      "market_hhi": 2218.4792293957994,
      "volatility_mean_usd": 21.716298706101956,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 27.126751415370947,
      "exporter_name": "Armenia",
      "importer_name": "Germany",
      "published": true
    }
  ],
  "sections": {
    "overview": {
      "title": "What does this new corridor signal mean?",
      "summary": "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.",
      "reportedMarket": {
        "buyerMarket": "Italy",
        "imports": "$6.4B",
        "year": 2024,
        "annualChange": "+15.1%"
      },
      "exporterPosition": {
        "exporter": "Armenia",
        "routeExports": "$3.9K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "72/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$6.4B",
      "projectionThreeYears": "$8.3B",
      "supplierCount": "40",
      "averageImports": "$4.1B",
      "historicalPeak": "$6.4B",
      "fullHistoryGrowth": "+9.5%",
      "latestAnnualChange": "+15.1%"
    },
    "competition": {
      "topSupplier": {
        "country": "Germany",
        "iso3": "DEU",
        "share": "27.1%"
      },
      "marketConcentrationHhi": "1,654",
      "exporterShare": "0.0%",
      "shareGap": "27.1%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "2,678 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "11 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$35.6K",
      "gdpPerPersonGrowth": "-5.4%",
      "populationThousands": "59,066",
      "gdp": "$2.1T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "21.3%",
      "savingsRate": "22.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 3917.2708542618007,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 848812.8000608229,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 705022.8398178412,
          "yoy_growth_pct": -16.940126283755173,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 546081.6937558954,
          "yoy_growth_pct": -22.544113053558934,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 2851154.882992359,
          "yoy_growth_pct": 422.1114195171789,
          "cagr_3y_pct": 49.76245936346724
        },
        {
          "year": 1999,
          "export_value_usd": 1207868.8343286603,
          "yoy_growth_pct": -57.635804300432405,
          "cagr_3y_pct": 19.65720743271675
        },
        {
          "year": 2000,
          "export_value_usd": 2609103.85598295,
          "yoy_growth_pct": 116.00887296948126,
          "cagr_3y_pct": 68.42682022195052
        },
        {
          "year": 2001,
          "export_value_usd": 6501390.218726219,
          "yoy_growth_pct": 149.1809670135532,
          "cagr_3y_pct": 31.62199662096583
        },
        {
          "year": 2002,
          "export_value_usd": 9007438.053581286,
          "yoy_growth_pct": 38.54633779152028,
          "cagr_3y_pct": 95.37118145820152
        },
        {
          "year": 2003,
          "export_value_usd": 14110354.4718115,
          "yoy_growth_pct": 56.65225103825537,
          "cagr_3y_pct": 75.52898941573778
        },
        {
          "year": 2004,
          "export_value_usd": 21152166.568165522,
          "yoy_growth_pct": 49.90528133380045,
          "cagr_3y_pct": 48.177708642170344
        },
        {
          "year": 2005,
          "export_value_usd": 19354899.90127464,
          "yoy_growth_pct": -8.4968443355387,
          "cagr_3y_pct": 29.041642362458497
        },
        {
          "year": 2006,
          "export_value_usd": 23810613.92566581,
          "yoy_growth_pct": 23.02111634324564,
          "cagr_3y_pct": 19.05406348860521
        },
        {
          "year": 2007,
          "export_value_usd": 24376518.143310554,
          "yoy_growth_pct": 2.376688897696777,
          "cagr_3y_pct": 4.842879011928858
        },
        {
          "year": 2008,
          "export_value_usd": 21414724.539732326,
          "yoy_growth_pct": -12.150191369274822,
          "cagr_3y_pct": 3.4285701773194566
        },
        {
          "year": 2009,
          "export_value_usd": 7025884.587669364,
          "yoy_growth_pct": -67.19133802242602,
          "cagr_3y_pct": -33.4251587682892
        },
        {
          "year": 2010,
          "export_value_usd": 11131421.67810882,
          "yoy_growth_pct": 58.43445105324952,
          "cagr_3y_pct": -22.993688675863112
        },
        {
          "year": 2011,
          "export_value_usd": 14804082.674324377,
          "yoy_growth_pct": 32.99363821099557,
          "cagr_3y_pct": -11.578813871745508
        },
        {
          "year": 2012,
          "export_value_usd": 12947457.65246165,
          "yoy_growth_pct": -12.541304062579872,
          "cagr_3y_pct": 22.601136458693816
        },
        {
          "year": 2013,
          "export_value_usd": 24399239.5732299,
          "yoy_growth_pct": 88.44811258054949,
          "cagr_3y_pct": 29.899820855215296
        },
        {
          "year": 2014,
          "export_value_usd": 35139838.490353,
          "yoy_growth_pct": 44.02021991253924,
          "cagr_3y_pct": 33.39495957575957
        },
        {
          "year": 2015,
          "export_value_usd": 34005404.10729863,
          "yoy_growth_pct": -3.228342621340774,
          "cagr_3y_pct": 37.971000517164995
        },
        {
          "year": 2016,
          "export_value_usd": 31474564.126978375,
          "yoy_growth_pct": -7.442464063460596,
          "cagr_3y_pct": 8.858198881540002
        },
        {
          "year": 2017,
          "export_value_usd": 35458950.53173847,
          "yoy_growth_pct": 12.659067775127287,
          "cagr_3y_pct": 0.30179508059251514
        },
        {
          "year": 2018,
          "export_value_usd": 48798235.10248685,
          "yoy_growth_pct": 37.61894915307407,
          "cagr_3y_pct": 12.793842443394766
        },
        {
          "year": 2019,
          "export_value_usd": 57106001.21408982,
          "yoy_growth_pct": 17.024726599547833,
          "cagr_3y_pct": 21.966531995172623
        },
        {
          "year": 2020,
          "export_value_usd": 37568376.153097786,
          "yoy_growth_pct": -34.21291045707381,
          "cagr_3y_pct": 1.9449026028685035
        },
        {
          "year": 2021,
          "export_value_usd": 59762535.79515582,
          "yoy_growth_pct": 59.0767073658252,
          "cagr_3y_pct": 6.98961726710936
        },
        {
          "year": 2022,
          "export_value_usd": 53409774.95058447,
          "yoy_growth_pct": -10.63000550436196,
          "cagr_3y_pct": -2.2058223055328563
        },
        {
          "year": 2023,
          "export_value_usd": 49388871.710222155,
          "yoy_growth_pct": -7.528403263414829,
          "cagr_3y_pct": 9.547438491108927
        },
        {
          "year": 2024,
          "export_value_usd": 46892100.63208263,
          "yoy_growth_pct": -5.05533127541109,
          "cagr_3y_pct": -7.766174080080191
        }
      ],
      "routeHistoryScope": "Broader Armenia to Italy route exports, not only HS 300215."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "HKG",
        "hs_code": "854232",
        "your_market_share_pct": 0.00004156730028066494,
        "your_share_change_pp": 0.00004156730028066494,
        "market_imports_usd": 8716432086.223686,
        "market_yoy_growth_pct": -3.033517237882588,
        "market_cagr_3y_pct": -18.079779,
        "top_supplier_iso3": "SGP",
        "top_supplier_share_pct": 72.18598878242368,
        "your_share_gap_pp": 72.18594721512339,
        "num_suppliers": 57,
        "market_hhi": 5361.1073715986095,
        "volatility_mean_usd": 3623.1854990408274,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 71.18420836700548,
        "exporter_name": "Armenia",
        "importer_name": "China, Hong Kong SAR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-hkg-854232"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "USA",
        "hs_code": "382499",
        "your_market_share_pct": 0.00003657217796395442,
        "your_share_change_pp": 0.00003657217796395442,
        "market_imports_usd": 7860915723.853134,
        "market_yoy_growth_pct": -5.632550385668933,
        "market_cagr_3y_pct": 28.565413,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 30.852289144958732,
        "your_share_gap_pp": 30.852252572780767,
        "num_suppliers": 100,
        "market_hhi": 1685.436700713422,
        "volatility_mean_usd": 2874.908088124044,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 69.17550004410286,
        "exporter_name": "Armenia",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-usa-382499"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "DEU",
        "hs_code": "300214",
        "your_market_share_pct": 0.00005143481832031929,
        "your_share_change_pp": 0.00005143481832031929,
        "market_imports_usd": 6930840890.892647,
        "market_yoy_growth_pct": -6.432083993349568,
        "market_cagr_3y_pct": 4.153012,
        "top_supplier_iso3": "IRL",
        "top_supplier_share_pct": 28.064439159723182,
        "your_share_gap_pp": 28.06438772490486,
        "num_suppliers": 44,
        "market_hhi": 1850.593104144058,
        "volatility_mean_usd": 3564.865420301032,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 71.0432989679053,
        "exporter_name": "Armenia",
        "importer_name": "Germany",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-deu-300214"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "TWN",
        "hs_code": "847180",
        "your_market_share_pct": 0.0003101722735077359,
        "your_share_change_pp": 0.0003101722735077359,
        "market_imports_usd": 5868563224.8317795,
        "market_yoy_growth_pct": 114.19755960712736,
        "market_cagr_3y_pct": 61.145549,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 34.73424382261973,
        "your_share_gap_pp": 34.73393365034622,
        "num_suppliers": 62,
        "market_hhi": 2634.57397029609,
        "volatility_mean_usd": 18202.655976699632,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 85.20317238723338,
        "exporter_name": "Armenia",
        "importer_name": "Taiwan",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-twn-847180"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "CAN",
        "hs_code": "271019",
        "your_market_share_pct": 2.9345361215602855e-7,
        "your_share_change_pp": 2.9345361215602855e-7,
        "market_imports_usd": 5655694800.069543,
        "market_yoy_growth_pct": -19.475370630129028,
        "market_cagr_3y_pct": 13.419617,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 80.07197842108688,
        "your_share_gap_pp": 80.07197812763327,
        "num_suppliers": 99,
        "market_hhi": 6453.674030108212,
        "volatility_mean_usd": 16.59684068332475,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 24.908694041553954,
        "exporter_name": "Armenia",
        "importer_name": "Canada",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-can-271019"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "IND",
        "hs_code": "854239",
        "your_market_share_pct": 0.0004148036791092156,
        "your_share_change_pp": 0.0004148036791092156,
        "market_imports_usd": 5622381962.147682,
        "market_yoy_growth_pct": 25.186298667097073,
        "market_cagr_3y_pct": 28.240168,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 37.1705817033589,
        "your_share_gap_pp": 37.17016689967979,
        "num_suppliers": 75,
        "market_hhi": 2644.770584801364,
        "volatility_mean_usd": 23321.84723256149,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 87.35563135219354,
        "exporter_name": "Armenia",
        "importer_name": "India",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ind-854239"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "USA",
        "hs_code": "842720",
        "your_market_share_pct": 0.000019187900893779892,
        "your_share_change_pp": 0.000019187900893779892,
        "market_imports_usd": 4975801082.887494,
        "market_yoy_growth_pct": 13.608349214959459,
        "market_cagr_3y_pct": 42.93857,
        "top_supplier_iso3": "GBR",
        "top_supplier_share_pct": 23.26144420097422,
        "your_share_gap_pp": 23.261425013073328,
        "num_suppliers": 46,
        "market_hhi": 1303.7866937339743,
        "volatility_mean_usd": 954.751780456079,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 59.60690231465375,
        "exporter_name": "Armenia",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-usa-842720"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARM",
        "importer_iso3": "DEU",
        "hs_code": "090111",
        "your_market_share_pct": 5.107867792838451e-7,
        "your_share_change_pp": 5.107867792838451e-7,
        "market_imports_usd": 4251538917.3834057,
        "market_yoy_growth_pct": 40.398812894060086,
        "market_cagr_3y_pct": 14.550827,
        "top_supplier_iso3": "BRA",
        "top_supplier_share_pct": 43.391642990278655,
        "your_share_gap_pp": 43.39164247949188,
        "num_suppliers": 114,
        "market_hhi": 2218.4792293957994,
        "volatility_mean_usd": 21.716298706101956,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 27.126751415370947,
        "exporter_name": "Armenia",
        "importer_name": "Germany",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-deu-090111"
      }
    ],
    "faq": [
      {
        "question": "What does a new corridor signal mean?",
        "answer": "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."
      },
      {
        "question": "Is the market opportunity reported trade?",
        "answer": "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."
      },
      {
        "question": "What should exporters check next?",
        "answer": "Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route."
      }
    ],
    "dataSources": {
      "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 2026-09-02)",
      "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": "2026-09-02",
      "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": "2026-09-02"
        }
      ]
    }
  },
  "links": {
    "home": "https://www.yugalinks.com/",
    "trade": "https://www.yugalinks.com/trade/signal/new-corridor/",
    "product": "https://www.yugalinks.com/trade/product/300215",
    "workspace": "https://www.yugalinks.com/app?hs=300215",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/arm-ita-300215/index.ld.json"
  },
  "methodology": {
    "summary": "Reported trade observations and calculated signal indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.",
    "url": "https://www.yugalinks.com/methodology"
  },
  "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 2026-09-02)",
    "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": "2026-09-02",
    "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": "2026-09-02"
      }
    ]
  },
  "generatedAt": "2026-09-02T11:35:57.329Z"
}