# BLR to ARE HS 710691 new corridor signal

This page reviews a reported new-corridor signal for metals: silver, unwrought, (but not powder). It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 100/100
- Reported period: 2024
- Buyer market imports: $1.1B
- Buyer market growth: +75.3%
- Current exporter share: 0.5%
- Share gap: 32.0%

## What the signal means

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

## Market opportunity

- Latest buyer imports: $1.1B
- Three-year buyer-import projection: $1.4B
- Supplier countries observed: 57
- Average buyer imports: $169.2M
- Historical buyer-import peak: $1.1B
- Full-history buyer-import CAGR: +7.8%
- Latest buyer-import annual change: +75.3%

## Competition landscape

- Top supplier: GBR
- Top supplier share: 32.5%
- Market concentration: 1,545
- Exporter share: 0.5%
- Share gap to peer benchmark: 32.0%

## Access profile

- Applied tariff: 5.2%
- MFN tariff: 5.2%
- Preferential tariff: 0.0%
- Approximate distance: 3,961 km
- Trade agreement: Not reported
- Business entry time: 3.8 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $36.3K
- GDP per-person growth: +11.2%
- Population: 9,991k
- GDP: $358.9B
- GDP five-year CAGR: +4.9%
- Investment rate: 26.4%
- Savings rate: 61.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $5.2M | +0.0% |

## Broader route context

Broader BLR to ARE route exports provide route context only; they are not presented as HS 710691 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $4.2M | +0.0% |
| 1996 | $8.2M | +94.5% |
| 1997 | $10.6M | +29.2% |
| 1998 | $2.7M | -74.2% |
| 1999 | $1.3M | -53.1% |
| 2000 | $8.5M | +559.4% |
| 2001 | $13.2M | +55.4% |
| 2002 | $27.6M | +109.2% |
| 2003 | $30.7M | +11.0% |
| 2004 | $17.3M | -43.5% |
| 2005 | $5.1M | -70.7% |
| 2006 | $21.7M | +326.3% |
| 2007 | $16.3M | -24.9% |
| 2008 | $13.7M | -16.1% |
| 2009 | $22.5M | +64.5% |
| 2010 | $7.6M | -66.2% |
| 2011 | $14.6M | +92.8% |
| 2012 | $36.5M | +149.7% |
| 2013 | $38.3M | +4.8% |
| 2014 | $37.5M | -2.0% |
| 2015 | $14.2M | -62.1% |
| 2016 | $19.9M | +39.9% |
| 2017 | $51.5M | +158.9% |
| 2018 | $41.8M | -18.8% |
| 2019 | $101.8M | +143.8% |
| 2020 | $37.2M | -63.4% |
| 2021 | $47.5M | +27.7% |
| 2022 | $83.8M | +76.3% |
| 2023 | $77.7M | -7.3% |
| 2024 | $610.1M | +685.5% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| BLR to CHN | HS 271112 | New corridor | $12.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-chn-271112) |
| BLR to Canada | HS 841191 | New corridor | $4.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-can-841191) |
| BLR to BGR | HS 270900 | New corridor | $2.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-bgr-270900) |
| BLR to India | HS 850760 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-ind-850760) |
| BLR to Germany | HS 180400 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-deu-180400) |
| BLR to Germany | HS 180100 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-deu-180100) |
| BLR to China, Hong Kong SAR | HS 880330 | New corridor | $1.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-hkg-880330) |
| BLR to India | HS 071310 | New corridor | $1.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/blr-ind-071310) |

## Frequently asked questions

### What does a new corridor signal mean?

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

### Is the market opportunity reported trade?

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

### What should exporters check next?

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

## Method

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

## Data sources

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

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