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      "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
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  ],
  "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": "USA, Puerto Rico and US Virgin Islands",
        "imports": "$585.8M",
        "year": 2024,
        "annualChange": "+22.9%"
      },
      "exporterPosition": {
        "exporter": "Armenia",
        "routeExports": "$137.0",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "43/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$585.8M",
      "projectionThreeYears": "$738.1M",
      "supplierCount": "85",
      "averageImports": "$210.5M",
      "historicalPeak": "$585.8M",
      "fullHistoryGrowth": "+8.0%",
      "latestAnnualChange": "+22.9%"
    },
    "competition": {
      "topSupplier": {
        "country": "Mexico",
        "iso3": "MEX",
        "share": "24.0%"
      },
      "marketConcentrationHhi": "1,164",
      "exporterShare": "0.0%",
      "shareGap": "24.0%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "9,089 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "4.2 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$69.3K",
      "gdpPerPersonGrowth": "+7.6%",
      "populationThousands": "331,894",
      "gdp": "$23.0T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "21.9%",
      "savingsRate": "17.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 136.97675059011823,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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      ],
      "routeHistory": [
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          "year": 1995,
          "export_value_usd": 19848423.548424374,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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        {
          "year": 1996,
          "export_value_usd": 8069942.19034684,
          "yoy_growth_pct": -59.342150419863174,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 6233206.7575640865,
          "yoy_growth_pct": -22.76020558090035,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 18520271.064888287,
          "yoy_growth_pct": 197.12268155414017,
          "cagr_3y_pct": -2.282179181355304
        },
        {
          "year": 1999,
          "export_value_usd": 15427050.001249285,
          "yoy_growth_pct": -16.701813125744657,
          "cagr_3y_pct": 24.109250956459526
        },
        {
          "year": 2000,
          "export_value_usd": 27343173.325131938,
          "yoy_growth_pct": 77.24174954328717,
          "cagr_3y_pct": 63.698912469845624
        },
        {
          "year": 2001,
          "export_value_usd": 36735474.15013639,
          "yoy_growth_pct": 34.34971030363803,
          "cagr_3y_pct": 25.645258345506996
        },
        {
          "year": 2002,
          "export_value_usd": 33991682.22985622,
          "yoy_growth_pct": -7.469052690231792,
          "cagr_3y_pct": 30.12575339864774
        },
        {
          "year": 2003,
          "export_value_usd": 46097641.76914378,
          "yoy_growth_pct": 35.614476086901114,
          "cagr_3y_pct": 19.017255423074573
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        {
          "year": 2004,
          "export_value_usd": 58954589.683304615,
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          "year": 2005,
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          "export_value_usd": 41780750.08452562,
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        {
          "year": 2008,
          "export_value_usd": 46451621.93277499,
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          "cagr_3y_pct": 6.516062015930957
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        {
          "year": 2013,
          "export_value_usd": 96646271.26084831,
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        {
          "year": 2014,
          "export_value_usd": 93791963.62319247,
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          "cagr_3y_pct": -0.7688067705138413
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          "year": 2015,
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        {
          "year": 2016,
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          "yoy_growth_pct": -31.2260695412794,
          "cagr_3y_pct": -24.649553535296718
        },
        {
          "year": 2017,
          "export_value_usd": 65028045.45636187,
          "yoy_growth_pct": 57.27442563286233,
          "cagr_3y_pct": -11.492849777319403
        },
        {
          "year": 2018,
          "export_value_usd": 50060066.25780767,
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          "cagr_3y_pct": -5.9213902868448525
        },
        {
          "year": 2019,
          "export_value_usd": 52200475.81916384,
          "yoy_growth_pct": 4.275682637600053,
          "cagr_3y_pct": 8.079656638837672
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        {
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          "export_value_usd": 65972360.76022567,
          "yoy_growth_pct": 26.38268085672486,
          "cagr_3y_pct": 0.4817310294298993
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        {
          "year": 2021,
          "export_value_usd": 85117886.8873646,
          "yoy_growth_pct": 29.020526030169957,
          "cagr_3y_pct": 19.355692741794673
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        {
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          "cagr_3y_pct": 17.216413146223886
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        {
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          "cagr_3y_pct": 14.422733724200999
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      ],
      "routeHistoryScope": "Broader Armenia to USA, Puerto Rico and US Virgin Islands route exports, not only HS 853810."
    },
    "relatedSignals": [
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      },
      {
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        "hs_code": "842720",
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        "new_corridor_signal_strength": 59.60690231465375,
        "exporter_name": "Armenia",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
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        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arm-usa-842720"
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    ],
    "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": {
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