# Spain to GEO HS 870350 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, incapable of being charged by plugging to external source of electric power. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 98/100
- Reported period: 2024
- Buyer market imports: $98.0M
- Buyer market growth: +181.7%
- Current exporter share: 0.1%
- Share gap: 58.8%

## 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: $98.0M
- Three-year buyer-import projection: $191.3M
- Supplier countries observed: 21
- Average buyer imports: $5.8M
- Historical buyer-import peak: $98.0M
- Full-history buyer-import CAGR: +85.9%
- Latest buyer-import annual change: +181.7%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 58.8%
- Market concentration: 3,778
- Exporter share: 0.1%
- Share gap to peer benchmark: 58.8%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 4,020 km
- Trade agreement: Reported yes
- Business entry time: 1 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $5.0K
- GDP per-person growth: +30.6%
- Population: 3,709k
- GDP: $18.7B
- GDP five-year CAGR: Not reported
- Investment rate: 27.8%
- Savings rate: 10.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $77.6K | +0.0% |

## Broader route context

Broader Spain to GEO route exports provide route context only; they are not presented as HS 870350 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $693.5K | +0.0% |
| 1996 | $2.6M | +272.0% |
| 1997 | $3.1M | +19.2% |
| 1998 | $3.8M | +23.1% |
| 1999 | $3.3M | -11.8% |
| 2000 | $4.9M | +45.4% |
| 2001 | $4.4M | -8.7% |
| 2002 | $7.3M | +64.7% |
| 2003 | $13.9M | +90.3% |
| 2004 | $8.5M | -39.2% |
| 2005 | $18.9M | +123.2% |
| 2006 | $18.7M | -0.8% |
| 2007 | $26.7M | +42.5% |
| 2008 | $47.6M | +78.4% |
| 2009 | $22.7M | -52.2% |
| 2010 | $35.2M | +54.8% |
| 2011 | $75.6M | +114.7% |
| 2012 | $81.6M | +8.0% |
| 2013 | $94.3M | +15.5% |
| 2014 | $84.2M | -10.7% |
| 2015 | $82.8M | -1.7% |
| 2016 | $84.0M | +1.5% |
| 2017 | $89.2M | +6.2% |
| 2018 | $97.2M | +8.9% |
| 2019 | $103.4M | +6.4% |
| 2020 | $85.5M | -17.2% |
| 2021 | $110.0M | +28.6% |
| 2022 | $148.9M | +35.3% |
| 2023 | $173.5M | +16.6% |
| 2024 | $250.3M | +44.2% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Spain to Former Republic of Vietnam | HS 270112 | New corridor | $4.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-vnm-270112) |
| Spain to Canada | HS 711291 | New corridor | $4.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-can-711291) |
| Spain to Norway | HS 750110 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-nor-750110) |
| Spain to CHN | HS 750210 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-chn-750210) |
| Spain to Kazakhstan | HS 880240 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-kaz-880240) |
| Spain to CHN | HS 271320 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-chn-271320) |
| Spain to France | HS 300214 | New corridor | $830.7M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-fra-300214) |
| Spain to Japan | HS 440712 | New corridor | $721.2M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/esp-jpn-440712) |

## 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.