# Canada to TUR HS 721420 new corridor signal

This page reviews a reported new-corridor signal for iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 91/100
- Reported period: 2024
- Buyer market imports: $77.8M
- Buyer market growth: +28.9%
- Current exporter share: 0.0%
- Share gap: 60.0%

## 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: $77.8M
- Three-year buyer-import projection: $96.8M
- Supplier countries observed: 26
- Average buyer imports: $23.0M
- Historical buyer-import peak: $109.5M
- Full-history buyer-import CAGR: +7.6%
- Latest buyer-import annual change: +28.9%

## Competition landscape

- Top supplier: IRN
- Top supplier share: 60.0%
- Market concentration: 4,358
- Exporter share: 0.0%
- Share gap to peer benchmark: 60.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,197 km
- Trade agreement: Not reported
- Business entry time: 7 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $9.6K
- GDP per-person growth: +17.3%
- Population: 85,043k
- GDP: $815.3B
- GDP five-year CAGR: Not reported
- Investment rate: 27.5%
- Savings rate: 23.3%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $35.0K | +0.0% |

## Broader route context

Broader Canada to TUR route exports provide route context only; they are not presented as HS 721420 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $262.2M | +0.0% |
| 1996 | $220.6M | -15.9% |
| 1997 | $266.1M | +20.6% |
| 1998 | $163.3M | -38.6% |
| 1999 | $168.2M | +3.0% |
| 2000 | $200.6M | +19.3% |
| 2001 | $118.9M | -40.7% |
| 2002 | $221.4M | +86.3% |
| 2003 | $209.8M | -5.3% |
| 2004 | $343.2M | +63.6% |
| 2005 | $535.6M | +56.1% |
| 2006 | $553.5M | +3.4% |
| 2007 | $761.5M | +37.6% |
| 2008 | $1.4B | +77.7% |
| 2009 | $835.9M | -38.2% |
| 2010 | $844.3M | +1.0% |
| 2011 | $1.5B | +73.0% |
| 2012 | $878.2M | -39.9% |
| 2013 | $1.1B | +30.8% |
| 2014 | $1.1B | -1.1% |
| 2015 | $945.3M | -16.8% |
| 2016 | $1.0B | +7.6% |
| 2017 | $1.6B | +52.5% |
| 2018 | $1.5B | -3.0% |
| 2019 | $1.4B | -7.0% |
| 2020 | $1.0B | -28.2% |
| 2021 | $1.0B | +3.5% |
| 2022 | $1.1B | +7.2% |
| 2023 | $1.1B | +0.1% |
| 2024 | $1.1B | -6.0% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Canada to Japan | HS 271111 | New corridor | $36.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-jpn-271111) |
| Canada to Slovakia | HS 270900 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-svk-270900) |
| Canada to TUR | HS 870380 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-tur-870380) |
| Canada to Belgium | HS 290121 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-bel-290121) |
| Canada to BRA | HS 870380 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-bra-870380) |
| Canada to Indonesia + Timor-Leste | HS 180100 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-idn-180100) |
| Canada to Finland | HS 870380 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-fin-870380) |
| Canada to Japan | HS 271113 | New corridor | $903.7M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-jpn-271113) |

## 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.