# Spain to Serbia HS 240391 new corridor signal

This page reviews a reported new-corridor signal for tobacco: homogenised or reconstituted. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 69/100
- Reported period: 2024
- Buyer market imports: $61.0M
- Buyer market growth: +22.7%
- Current exporter share: 0.0%
- Share gap: 77.0%

## 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: $61.0M
- Three-year buyer-import projection: $113.0M
- Supplier countries observed: 18
- Average buyer imports: $11.2M
- Historical buyer-import peak: $61.0M
- Full-history buyer-import CAGR: +22.8%
- Latest buyer-import annual change: +22.7%

## Competition landscape

- Top supplier: Italy
- Top supplier share: 77.0%
- Market concentration: 6,088
- Exporter share: 0.0%
- Share gap to peer benchmark: 77.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 0 km
- Trade agreement: Not reported
- Business entry time: 0 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $0.0
- GDP per-person growth: +0.0%
- Population: 0k
- GDP: $0.0
- GDP five-year CAGR: Not reported
- Investment rate: 0.0%
- Savings rate: 0.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $2.9K | +0.0% |

## Broader route context

Broader Spain to Serbia route exports provide route context only; they are not presented as HS 240391 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 2006 | $123.3M | +0.0% |
| 2007 | $162.7M | +31.9% |
| 2008 | $213.4M | +31.2% |
| 2009 | $194.6M | -8.8% |
| 2010 | $146.3M | -24.8% |
| 2011 | $199.6M | +36.4% |
| 2012 | $228.8M | +14.6% |
| 2013 | $224.0M | -2.1% |
| 2014 | $235.0M | +4.9% |
| 2015 | $221.2M | -5.9% |
| 2016 | $249.5M | +12.8% |
| 2017 | $304.8M | +22.2% |
| 2018 | $378.1M | +24.0% |
| 2019 | $397.5M | +5.1% |
| 2020 | $425.3M | +7.0% |
| 2021 | $529.7M | +24.5% |
| 2022 | $638.3M | +20.5% |
| 2023 | $699.8M | +9.6% |
| 2024 | $729.4M | +4.2% |

## 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.