{
  "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/arg-pan-270900",
  "seo": {
    "title": "ARG to PAN new corridor | HS 270900 | Yugalinks",
    "description": "Reported new-corridor signal for ARG to PAN in oils (HS 270900), with market demand, growth, share, competition, access, and evidence.",
    "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": "ARG-PAN-HS 270900",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/arg-pan-270900"
    }
  ],
  "exporter": {
    "iso3": "ARG",
    "country_name": "ARG"
  },
  "importer": {
    "iso3": "PAN",
    "country_name": "PAN"
  },
  "hsCode": "270900",
  "product": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "ARG",
    "importer_iso3": "PAN",
    "hs_code": "270900",
    "your_market_share_pct": 0.42015200357347826,
    "your_share_change_pp": 0.42015200357347826,
    "market_imports_usd": 13149371709.882689,
    "market_yoy_growth_pct": 33.215499022211304,
    "market_cagr_3y_pct": 25.624211,
    "top_supplier_iso3": "ECU",
    "top_supplier_share_pct": 40.334747859646555,
    "your_share_gap_pp": 39.91459585607308,
    "num_suppliers": 9,
    "market_hhi": 2978.3515796444253,
    "volatility_mean_usd": 55247348.696396254,
    "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": 100
  },
  "market": {
    "exporter_iso3": "ARG",
    "importer_iso3": "PAN",
    "hs_code": "270900",
    "hs_description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
    "hs_chapter": "27",
    "hs_heading": "2709",
    "price_range_label": "Unclassified",
    "trade_type_label": "Two-way trade",
    "substitution_elasticity": -12.554918,
    "buyer_imports_latest_usd": 13149371709.882687,
    "buyer_imports_avg_usd": 2994674211.969152,
    "buyer_imports_peak_usd": 16151940316.309597,
    "buyer_cagr_full_pct": 17.2459,
    "buyer_yoy_avg_pct": 42.5939,
    "buyer_yoy_latest_pct": 33.2155,
    "buyer_trend_consistency_pct": 55.1724,
    "buyer_imports_proj_3y_usd": 21193297209.58,
    "buyer_imports_proj_5y_usd": 29133604003.85,
    "buyer_gdp_mn_latest": 63605.0658,
    "buyer_gdp_pc_latest": 14516,
    "buyer_population_latest": 4381.583,
    "buyer_investment_rate": 37.8,
    "buyer_savings_rate": 37.61,
    "buyer_edu_secondary": 73.47,
    "buyer_gdp_mn_2030_proj": 82604.99,
    "buyer_gdp_pc_2030_proj": 17498.42,
    "buyer_gdp_pc_growth_pct": 20.55,
    "buyer_gdp_mn_growth_pct": 29.87,
    "buyer_pop_growth_pct": 7.74,
    "exports_latest_usd": 55247348.696396254,
    "exports_avg_usd": 55247348.696396254,
    "exports_peak_usd": 55247348.696396254,
    "share_latest_pct": 0.42015200357347837,
    "share_avg_pct": 0.42015200357347837,
    "share_peak_pct": 0.42015200357347837,
    "share_change_1y_pp": 0.42015200357347837,
    "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": 39.9146,
    "addressable_proj_3y_usd": 8459218929.78,
    "addressable_proj_5y_usd": 11628560296.45,
    "peer_best_share_pct": 40.33474785964656,
    "peer_top_exporter": "ECU",
    "num_suppliers_latest": 9,
    "buyer_herfindahl_index": 2978.35,
    "distance_km": 5334.82861328125,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.9207000136375427,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 6,
    "shared_legal_system": 1,
    "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": {
    "exporter_iso3": "ARG",
    "importer_iso3": "PAN",
    "hs_code": "270900",
    "hs_description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
    "hs_chapter": "27",
    "hs_heading": "2709",
    "price_range_label": "Unclassified",
    "trade_type_label": "Two-way trade",
    "substitution_elasticity": -12.554918,
    "buyer_imports_latest_usd": 13149371709.882687,
    "buyer_imports_avg_usd": 2994674211.969152,
    "buyer_imports_peak_usd": 16151940316.309597,
    "buyer_cagr_full_pct": 17.2459,
    "buyer_yoy_avg_pct": 42.5939,
    "buyer_yoy_latest_pct": 33.2155,
    "buyer_trend_consistency_pct": 55.1724,
    "buyer_imports_proj_3y_usd": 21193297209.58,
    "buyer_imports_proj_5y_usd": 29133604003.85,
    "buyer_gdp_mn_latest": 63605.0658,
    "buyer_gdp_pc_latest": 14516,
    "buyer_population_latest": 4381.583,
    "buyer_investment_rate": 37.8,
    "buyer_savings_rate": 37.61,
    "buyer_edu_secondary": 73.47,
    "buyer_gdp_mn_2030_proj": 82604.99,
    "buyer_gdp_pc_2030_proj": 17498.42,
    "buyer_gdp_pc_growth_pct": 20.55,
    "buyer_gdp_mn_growth_pct": 29.87,
    "buyer_pop_growth_pct": 7.74,
    "exports_latest_usd": 55247348.696396254,
    "exports_avg_usd": 55247348.696396254,
    "exports_peak_usd": 55247348.696396254,
    "share_latest_pct": 0.42015200357347837,
    "share_avg_pct": 0.42015200357347837,
    "share_peak_pct": 0.42015200357347837,
    "share_change_1y_pp": 0.42015200357347837,
    "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": 39.9146,
    "addressable_proj_3y_usd": 8459218929.78,
    "addressable_proj_5y_usd": 11628560296.45,
    "peer_best_share_pct": 40.33474785964656,
    "peer_top_exporter": "ECU",
    "num_suppliers_latest": 9,
    "buyer_herfindahl_index": 2978.35,
    "distance_km": 5334.82861328125,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.9207000136375427,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 6,
    "shared_legal_system": 1,
    "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_data_year": 2024,
    "avg_applied_tariff_pct": 12.196142178989895,
    "avg_mfn_tariff_pct": 12.196142178989895,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "rta_coverage_ratio": null,
    "buyer_macro_latest_year": 2024,
    "buyer_gdp_5y_cagr_pct": 4.395634788621838,
    "buyer_gdp_pc_5y_cagr_pct": 3.063341443383494,
    "buyer_population_5y_cagr_pct": 1.2926937226950042,
    "buyer_investment_5y_avg_pct": 37.974000000000004,
    "buyer_savings_5y_avg_pct": 37.7,
    "current_below_peak_usd": 0,
    "current_below_peak_pct": 0,
    "latest_vs_historical_avg_pct": 0,
    "share_change_all_pp": 0,
    "volatility_label": "Stable",
    "drawdown_label": "Near historical peak",
    "competition_label": "Concentrated buyer market",
    "demand_label": "Buyer demand stable or growing",
    "access_label": "Standard market access",
    "macro_resilience_label": "Buyer macro trend resilient",
    "risk_driver_labels": [
      "concentrated_buyer_market",
      "limited_history"
    ],
    "risk_driver_count": 2,
    "attention_level": "High attention",
    "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
    "lane_access_data_available": true
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 55247348.696396254,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1995,
      "export_value_usd": 30204916.190395996,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "export_value_usd": 30364790.54820996,
      "yoy_growth_pct": 0.5292991273546432,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "export_value_usd": 23772197.188009884,
      "yoy_growth_pct": -21.711308529308194,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 16714038.287872748,
      "yoy_growth_pct": -29.690814207519278,
      "cagr_3y_pct": -17.901620308555934
    },
    {
      "year": 1999,
      "export_value_usd": 28379718.377308436,
      "yoy_growth_pct": 69.79570040772245,
      "cagr_3y_pct": -2.228428162170615
    },
    {
      "year": 2000,
      "export_value_usd": 27245376.271401394,
      "yoy_growth_pct": -3.9970167808783708,
      "cagr_3y_pct": 4.650464906827456
    },
    {
      "year": 2001,
      "export_value_usd": 32140559.63533056,
      "yoy_growth_pct": 17.9670242582316,
      "cagr_3y_pct": 24.353309306557193
    },
    {
      "year": 2002,
      "export_value_usd": 25591540.997195996,
      "yoy_growth_pct": -20.37618110089019,
      "cagr_3y_pct": -3.388360512518862
    },
    {
      "year": 2003,
      "export_value_usd": 50754924.17845409,
      "yoy_growth_pct": 98.32695570780669,
      "cagr_3y_pct": 23.04438249443681
    },
    {
      "year": 2004,
      "export_value_usd": 71348788.71016614,
      "yoy_growth_pct": 40.57510648484885,
      "cagr_3y_pct": 30.45009208382774
    },
    {
      "year": 2005,
      "export_value_usd": 60817779.179183595,
      "yoy_growth_pct": -14.759899532088394,
      "cagr_3y_pct": 33.44778609460428
    },
    {
      "year": 2006,
      "export_value_usd": 98639829.95816939,
      "yoy_growth_pct": 62.18913496915608,
      "cagr_3y_pct": 24.79333102378176
    },
    {
      "year": 2007,
      "export_value_usd": 121011073.51316929,
      "yoy_growth_pct": 22.679726399048917,
      "cagr_3y_pct": 19.255798062409557
    },
    {
      "year": 2008,
      "export_value_usd": 76388493.58753055,
      "yoy_growth_pct": -36.874790570949344,
      "cagr_3y_pct": 7.894455937352207
    },
    {
      "year": 2009,
      "export_value_usd": 63866758.56304115,
      "yoy_growth_pct": -16.392174313715515,
      "cagr_3y_pct": -13.48843138237007
    },
    {
      "year": 2010,
      "export_value_usd": 62710746.29462869,
      "yoy_growth_pct": -1.810037481816762,
      "cagr_3y_pct": -19.677179184392568
    },
    {
      "year": 2011,
      "export_value_usd": 121715206.3615047,
      "yoy_growth_pct": 94.08987064140533,
      "cagr_3y_pct": 16.798957027115446
    },
    {
      "year": 2012,
      "export_value_usd": 163287409.23078856,
      "yoy_growth_pct": 34.15530738682791,
      "cagr_3y_pct": 36.73906559896585
    },
    {
      "year": 2013,
      "export_value_usd": 108704357.10085247,
      "yoy_growth_pct": -33.427593950485814,
      "cagr_3y_pct": 20.125440776652415
    },
    {
      "year": 2014,
      "export_value_usd": 75149176.65160264,
      "yoy_growth_pct": -30.868293915871647,
      "cagr_3y_pct": -14.84833799876758
    },
    {
      "year": 2015,
      "export_value_usd": 67546458.65985388,
      "yoy_growth_pct": -10.116834715296418,
      "cagr_3y_pct": -25.489645656722683
    },
    {
      "year": 2016,
      "export_value_usd": 66334565.37335756,
      "yoy_growth_pct": -1.7941625816374707,
      "cagr_3y_pct": -15.180121628167775
    },
    {
      "year": 2017,
      "export_value_usd": 113851223.04406804,
      "yoy_growth_pct": 71.63182181607381,
      "cagr_3y_pct": 14.851804902232235
    },
    {
      "year": 2018,
      "export_value_usd": 125689705.92314446,
      "yoy_growth_pct": 10.39820439565602,
      "cagr_3y_pct": 22.9982809850932
    },
    {
      "year": 2019,
      "export_value_usd": 148949482.26468506,
      "yoy_growth_pct": 18.50571307387996,
      "cagr_3y_pct": 30.948251349230425
    },
    {
      "year": 2020,
      "export_value_usd": 135002067.1753817,
      "yoy_growth_pct": -9.363856038464535,
      "cagr_3y_pct": 5.844323801615059
    },
    {
      "year": 2021,
      "export_value_usd": 146661901.61988813,
      "yoy_growth_pct": 8.636782153386658,
      "cagr_3y_pct": 5.278381710044022
    },
    {
      "year": 2022,
      "export_value_usd": 206103746.20070544,
      "yoy_growth_pct": 40.52984716840511,
      "cagr_3y_pct": 11.433463516708485
    },
    {
      "year": 2023,
      "export_value_usd": 167787728.48499104,
      "yoy_growth_pct": -18.590645935373708,
      "cagr_3y_pct": 7.5160396265432805
    },
    {
      "year": 2024,
      "export_value_usd": 264563163.0915375,
      "yoy_growth_pct": 57.67730183867601,
      "cagr_3y_pct": 21.7317935662644
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "IND",
      "hs_code": "271112",
      "your_market_share_pct": 0.1575494081947516,
      "your_share_change_pp": 0.1575494081947516,
      "market_imports_usd": 5736266073.770362,
      "market_yoy_growth_pct": 3.9498789567413928,
      "market_cagr_3y_pct": -2.283568,
      "top_supplier_iso3": "ARE",
      "top_supplier_share_pct": 36.325254192119544,
      "your_share_gap_pp": 36.16770478392479,
      "num_suppliers": 20,
      "market_hhi": 2503.8908594342097,
      "volatility_mean_usd": 9037453.251701519,
      "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": 100,
      "exporter_name": "ARG",
      "importer_name": "India",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "IND",
      "hs_code": "271113",
      "your_market_share_pct": 0.07570175571182648,
      "your_share_change_pp": 0.07570175571182648,
      "market_imports_usd": 5354592947.981652,
      "market_yoy_growth_pct": 24.54583998340336,
      "market_cagr_3y_pct": -2.777991,
      "top_supplier_iso3": "QAT",
      "top_supplier_share_pct": 30.797751406742798,
      "your_share_gap_pp": 30.72204965103097,
      "num_suppliers": 19,
      "market_hhi": 2455.254564258803,
      "volatility_mean_usd": 4053520.8728437587,
      "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": 100,
      "exporter_name": "ARG",
      "importer_name": "India",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "RUS",
      "hs_code": "841191",
      "your_market_share_pct": 0.0007708910352707515,
      "your_share_change_pp": 0.0007708910352707515,
      "market_imports_usd": 2464966158.390471,
      "market_yoy_growth_pct": 2990.732681674535,
      "market_cagr_3y_pct": 157.220909,
      "top_supplier_iso3": "ARE",
      "top_supplier_share_pct": 96.1180162125247,
      "your_share_gap_pp": 96.11724532148942,
      "num_suppliers": 13,
      "market_hhi": 9251.36043472981,
      "volatility_mean_usd": 19002.203137489974,
      "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": 85.57653621662428,
      "exporter_name": "ARG",
      "importer_name": "Russian Federation",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "DEU",
      "hs_code": "870423",
      "your_market_share_pct": 0.004539640764488872,
      "your_share_change_pp": 0.004539640764488872,
      "market_imports_usd": 2381109212.205948,
      "market_yoy_growth_pct": 46.83850041336759,
      "market_cagr_3y_pct": 11.177058,
      "top_supplier_iso3": "AUT",
      "top_supplier_share_pct": 46.7331599900501,
      "your_share_gap_pp": 46.728620349285606,
      "num_suppliers": 43,
      "market_hhi": 2978.7167254307788,
      "volatility_mean_usd": 108093.80444430103,
      "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": 100,
      "exporter_name": "ARG",
      "importer_name": "Germany",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "SAU",
      "hs_code": "711319",
      "your_market_share_pct": 0.0018170828676700027,
      "your_share_change_pp": 0.0018170828676700027,
      "market_imports_usd": 1755064208.3250542,
      "market_yoy_growth_pct": 14.601330317698169,
      "market_cagr_3y_pct": 1.885124,
      "top_supplier_iso3": "ARE",
      "top_supplier_share_pct": 48.953932670212915,
      "your_share_gap_pp": 48.95211558734525,
      "num_suppliers": 57,
      "market_hhi": 2685.048439772031,
      "volatility_mean_usd": 31890.971046082726,
      "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": 90.07362722272953,
      "exporter_name": "ARG",
      "importer_name": "Saudi Arabia",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "KOR",
      "hs_code": "260700",
      "your_market_share_pct": 0.352521363731342,
      "your_share_change_pp": 0.352521363731342,
      "market_imports_usd": 1738979594.2245636,
      "market_yoy_growth_pct": 31.763469299033332,
      "market_cagr_3y_pct": -7.169973,
      "top_supplier_iso3": "MEX",
      "top_supplier_share_pct": 41.32806332072722,
      "your_share_gap_pp": 40.975541956995876,
      "num_suppliers": 26,
      "market_hhi": 2267.9701910616322,
      "volatility_mean_usd": 6130274.580570189,
      "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": 100,
      "exporter_name": "ARG",
      "importer_name": "KOR",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "JPN",
      "hs_code": "950450",
      "your_market_share_pct": 0.0006705749286104923,
      "your_share_change_pp": 0.0006705749286104923,
      "market_imports_usd": 1617934403.4857972,
      "market_yoy_growth_pct": -32.05302296696596,
      "market_cagr_3y_pct": -0.279194,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 85.42293607083955,
      "your_share_gap_pp": 85.42226549591095,
      "num_suppliers": 49,
      "market_hhi": 7449.740404051114,
      "volatility_mean_usd": 10849.462471139479,
      "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": 80.7089649837528,
      "exporter_name": "ARG",
      "importer_name": "Japan",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "KOR",
      "hs_code": "282520",
      "your_market_share_pct": 0.00006409553439827679,
      "your_share_change_pp": 0.00006409553439827679,
      "market_imports_usd": 1612473690.779054,
      "market_yoy_growth_pct": -72.08462722292266,
      "market_cagr_3y_pct": 37.859439,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 85.55034558055854,
      "your_share_gap_pp": 85.55028148502414,
      "num_suppliers": 20,
      "market_hhi": 7440.841144753449,
      "volatility_mean_usd": 1033.5236291364517,
      "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": 60.29480829319847,
      "exporter_name": "ARG",
      "importer_name": "KOR",
      "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": "PAN",
        "imports": "$13.1B",
        "year": 2024,
        "annualChange": "+33.2%"
      },
      "exporterPosition": {
        "exporter": "ARG",
        "routeExports": "$55.2M",
        "currentShare": "0.4%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "100/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$13.1B",
      "projectionThreeYears": "$21.2B",
      "supplierCount": "9",
      "averageImports": "$3.0B",
      "historicalPeak": "$16.2B",
      "fullHistoryGrowth": "+17.2%",
      "latestAnnualChange": "+33.2%"
    },
    "competition": {
      "topSupplier": {
        "country": "Ecuador",
        "iso3": "ECU",
        "share": "40.3%"
      },
      "marketConcentrationHhi": "2,978",
      "exporterShare": "0.4%",
      "shareGap": "39.9%"
    },
    "access": {
      "appliedTariff": "12.2%",
      "mfnTariff": "12.2%",
      "preferentialTariff": "0.0%",
      "distance": "5,335 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "6 days",
      "sharedSpokenLanguageScore": "0.9"
    },
    "economy": {
      "gdpPerPerson": "$14.5K",
      "gdpPerPersonGrowth": "+20.6%",
      "populationThousands": "4,382",
      "gdp": "$63.6B",
      "gdpFiveYearCagr": "+4.4%",
      "investmentRate": "37.8%",
      "savingsRate": "37.6%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 55247348.696396254,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 30204916.190395996,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 30364790.54820996,
          "yoy_growth_pct": 0.5292991273546432,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 23772197.188009884,
          "yoy_growth_pct": -21.711308529308194,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 16714038.287872748,
          "yoy_growth_pct": -29.690814207519278,
          "cagr_3y_pct": -17.901620308555934
        },
        {
          "year": 1999,
          "export_value_usd": 28379718.377308436,
          "yoy_growth_pct": 69.79570040772245,
          "cagr_3y_pct": -2.228428162170615
        },
        {
          "year": 2000,
          "export_value_usd": 27245376.271401394,
          "yoy_growth_pct": -3.9970167808783708,
          "cagr_3y_pct": 4.650464906827456
        },
        {
          "year": 2001,
          "export_value_usd": 32140559.63533056,
          "yoy_growth_pct": 17.9670242582316,
          "cagr_3y_pct": 24.353309306557193
        },
        {
          "year": 2002,
          "export_value_usd": 25591540.997195996,
          "yoy_growth_pct": -20.37618110089019,
          "cagr_3y_pct": -3.388360512518862
        },
        {
          "year": 2003,
          "export_value_usd": 50754924.17845409,
          "yoy_growth_pct": 98.32695570780669,
          "cagr_3y_pct": 23.04438249443681
        },
        {
          "year": 2004,
          "export_value_usd": 71348788.71016614,
          "yoy_growth_pct": 40.57510648484885,
          "cagr_3y_pct": 30.45009208382774
        },
        {
          "year": 2005,
          "export_value_usd": 60817779.179183595,
          "yoy_growth_pct": -14.759899532088394,
          "cagr_3y_pct": 33.44778609460428
        },
        {
          "year": 2006,
          "export_value_usd": 98639829.95816939,
          "yoy_growth_pct": 62.18913496915608,
          "cagr_3y_pct": 24.79333102378176
        },
        {
          "year": 2007,
          "export_value_usd": 121011073.51316929,
          "yoy_growth_pct": 22.679726399048917,
          "cagr_3y_pct": 19.255798062409557
        },
        {
          "year": 2008,
          "export_value_usd": 76388493.58753055,
          "yoy_growth_pct": -36.874790570949344,
          "cagr_3y_pct": 7.894455937352207
        },
        {
          "year": 2009,
          "export_value_usd": 63866758.56304115,
          "yoy_growth_pct": -16.392174313715515,
          "cagr_3y_pct": -13.48843138237007
        },
        {
          "year": 2010,
          "export_value_usd": 62710746.29462869,
          "yoy_growth_pct": -1.810037481816762,
          "cagr_3y_pct": -19.677179184392568
        },
        {
          "year": 2011,
          "export_value_usd": 121715206.3615047,
          "yoy_growth_pct": 94.08987064140533,
          "cagr_3y_pct": 16.798957027115446
        },
        {
          "year": 2012,
          "export_value_usd": 163287409.23078856,
          "yoy_growth_pct": 34.15530738682791,
          "cagr_3y_pct": 36.73906559896585
        },
        {
          "year": 2013,
          "export_value_usd": 108704357.10085247,
          "yoy_growth_pct": -33.427593950485814,
          "cagr_3y_pct": 20.125440776652415
        },
        {
          "year": 2014,
          "export_value_usd": 75149176.65160264,
          "yoy_growth_pct": -30.868293915871647,
          "cagr_3y_pct": -14.84833799876758
        },
        {
          "year": 2015,
          "export_value_usd": 67546458.65985388,
          "yoy_growth_pct": -10.116834715296418,
          "cagr_3y_pct": -25.489645656722683
        },
        {
          "year": 2016,
          "export_value_usd": 66334565.37335756,
          "yoy_growth_pct": -1.7941625816374707,
          "cagr_3y_pct": -15.180121628167775
        },
        {
          "year": 2017,
          "export_value_usd": 113851223.04406804,
          "yoy_growth_pct": 71.63182181607381,
          "cagr_3y_pct": 14.851804902232235
        },
        {
          "year": 2018,
          "export_value_usd": 125689705.92314446,
          "yoy_growth_pct": 10.39820439565602,
          "cagr_3y_pct": 22.9982809850932
        },
        {
          "year": 2019,
          "export_value_usd": 148949482.26468506,
          "yoy_growth_pct": 18.50571307387996,
          "cagr_3y_pct": 30.948251349230425
        },
        {
          "year": 2020,
          "export_value_usd": 135002067.1753817,
          "yoy_growth_pct": -9.363856038464535,
          "cagr_3y_pct": 5.844323801615059
        },
        {
          "year": 2021,
          "export_value_usd": 146661901.61988813,
          "yoy_growth_pct": 8.636782153386658,
          "cagr_3y_pct": 5.278381710044022
        },
        {
          "year": 2022,
          "export_value_usd": 206103746.20070544,
          "yoy_growth_pct": 40.52984716840511,
          "cagr_3y_pct": 11.433463516708485
        },
        {
          "year": 2023,
          "export_value_usd": 167787728.48499104,
          "yoy_growth_pct": -18.590645935373708,
          "cagr_3y_pct": 7.5160396265432805
        },
        {
          "year": 2024,
          "export_value_usd": 264563163.0915375,
          "yoy_growth_pct": 57.67730183867601,
          "cagr_3y_pct": 21.7317935662644
        }
      ],
      "routeHistoryScope": "Broader ARG to PAN route exports, not only HS 270900."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "IND",
        "hs_code": "271112",
        "your_market_share_pct": 0.1575494081947516,
        "your_share_change_pp": 0.1575494081947516,
        "market_imports_usd": 5736266073.770362,
        "market_yoy_growth_pct": 3.9498789567413928,
        "market_cagr_3y_pct": -2.283568,
        "top_supplier_iso3": "ARE",
        "top_supplier_share_pct": 36.325254192119544,
        "your_share_gap_pp": 36.16770478392479,
        "num_suppliers": 20,
        "market_hhi": 2503.8908594342097,
        "volatility_mean_usd": 9037453.251701519,
        "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": 100,
        "exporter_name": "ARG",
        "importer_name": "India",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-ind-271112"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "IND",
        "hs_code": "271113",
        "your_market_share_pct": 0.07570175571182648,
        "your_share_change_pp": 0.07570175571182648,
        "market_imports_usd": 5354592947.981652,
        "market_yoy_growth_pct": 24.54583998340336,
        "market_cagr_3y_pct": -2.777991,
        "top_supplier_iso3": "QAT",
        "top_supplier_share_pct": 30.797751406742798,
        "your_share_gap_pp": 30.72204965103097,
        "num_suppliers": 19,
        "market_hhi": 2455.254564258803,
        "volatility_mean_usd": 4053520.8728437587,
        "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": 100,
        "exporter_name": "ARG",
        "importer_name": "India",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-ind-271113"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "RUS",
        "hs_code": "841191",
        "your_market_share_pct": 0.0007708910352707515,
        "your_share_change_pp": 0.0007708910352707515,
        "market_imports_usd": 2464966158.390471,
        "market_yoy_growth_pct": 2990.732681674535,
        "market_cagr_3y_pct": 157.220909,
        "top_supplier_iso3": "ARE",
        "top_supplier_share_pct": 96.1180162125247,
        "your_share_gap_pp": 96.11724532148942,
        "num_suppliers": 13,
        "market_hhi": 9251.36043472981,
        "volatility_mean_usd": 19002.203137489974,
        "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": 85.57653621662428,
        "exporter_name": "ARG",
        "importer_name": "Russian Federation",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-rus-841191"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "DEU",
        "hs_code": "870423",
        "your_market_share_pct": 0.004539640764488872,
        "your_share_change_pp": 0.004539640764488872,
        "market_imports_usd": 2381109212.205948,
        "market_yoy_growth_pct": 46.83850041336759,
        "market_cagr_3y_pct": 11.177058,
        "top_supplier_iso3": "AUT",
        "top_supplier_share_pct": 46.7331599900501,
        "your_share_gap_pp": 46.728620349285606,
        "num_suppliers": 43,
        "market_hhi": 2978.7167254307788,
        "volatility_mean_usd": 108093.80444430103,
        "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": 100,
        "exporter_name": "ARG",
        "importer_name": "Germany",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-deu-870423"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "SAU",
        "hs_code": "711319",
        "your_market_share_pct": 0.0018170828676700027,
        "your_share_change_pp": 0.0018170828676700027,
        "market_imports_usd": 1755064208.3250542,
        "market_yoy_growth_pct": 14.601330317698169,
        "market_cagr_3y_pct": 1.885124,
        "top_supplier_iso3": "ARE",
        "top_supplier_share_pct": 48.953932670212915,
        "your_share_gap_pp": 48.95211558734525,
        "num_suppliers": 57,
        "market_hhi": 2685.048439772031,
        "volatility_mean_usd": 31890.971046082726,
        "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": 90.07362722272953,
        "exporter_name": "ARG",
        "importer_name": "Saudi Arabia",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-sau-711319"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "KOR",
        "hs_code": "260700",
        "your_market_share_pct": 0.352521363731342,
        "your_share_change_pp": 0.352521363731342,
        "market_imports_usd": 1738979594.2245636,
        "market_yoy_growth_pct": 31.763469299033332,
        "market_cagr_3y_pct": -7.169973,
        "top_supplier_iso3": "MEX",
        "top_supplier_share_pct": 41.32806332072722,
        "your_share_gap_pp": 40.975541956995876,
        "num_suppliers": 26,
        "market_hhi": 2267.9701910616322,
        "volatility_mean_usd": 6130274.580570189,
        "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": 100,
        "exporter_name": "ARG",
        "importer_name": "KOR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-kor-260700"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "JPN",
        "hs_code": "950450",
        "your_market_share_pct": 0.0006705749286104923,
        "your_share_change_pp": 0.0006705749286104923,
        "market_imports_usd": 1617934403.4857972,
        "market_yoy_growth_pct": -32.05302296696596,
        "market_cagr_3y_pct": -0.279194,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 85.42293607083955,
        "your_share_gap_pp": 85.42226549591095,
        "num_suppliers": 49,
        "market_hhi": 7449.740404051114,
        "volatility_mean_usd": 10849.462471139479,
        "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": 80.7089649837528,
        "exporter_name": "ARG",
        "importer_name": "Japan",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-jpn-950450"
      },
      {
        "year": 2024,
        "exporter_iso3": "ARG",
        "importer_iso3": "KOR",
        "hs_code": "282520",
        "your_market_share_pct": 0.00006409553439827679,
        "your_share_change_pp": 0.00006409553439827679,
        "market_imports_usd": 1612473690.779054,
        "market_yoy_growth_pct": -72.08462722292266,
        "market_cagr_3y_pct": 37.859439,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 85.55034558055854,
        "your_share_gap_pp": 85.55028148502414,
        "num_suppliers": 20,
        "market_hhi": 7440.841144753449,
        "volatility_mean_usd": 1033.5236291364517,
        "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": 60.29480829319847,
        "exporter_name": "ARG",
        "importer_name": "KOR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/arg-kor-282520"
      }
    ],
    "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/270900",
    "workspace": "https://www.yugalinks.com/app?hs=270900",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/arg-pan-270900/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/arg-pan-270900/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/arg-pan-270900/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": "2026-09-02T11:35:44.867Z"
}