# Spain to United Republic of Tanzania HS 720711 new corridor signal

This page reviews a reported new-corridor signal for iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 58/100
- Reported period: 2024
- Buyer market imports: $30.9M
- Buyer market growth: +100.2%
- Current exporter share: 0.0%
- Share gap: 54.2%

## 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: $30.9M
- Three-year buyer-import projection: $60.3M
- Supplier countries observed: 7
- Average buyer imports: $5.7M
- Historical buyer-import peak: $30.9M
- Full-history buyer-import CAGR: +37.7%
- Latest buyer-import annual change: +100.2%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 54.2%
- Market concentration: 5,034
- Exporter share: 0.0%
- Share gap to peer benchmark: 54.2%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 6,858 km
- Trade agreement: Not reported
- Business entry time: 29.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $1.1K
- GDP per-person growth: +13.0%
- Population: 61,498k
- GDP: $67.8B
- GDP five-year CAGR: Not reported
- Investment rate: 31.2%
- Savings rate: 27.9%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $796.5 | +0.0% |

## Broader route context

Broader Spain to United Republic of Tanzania route exports provide route context only; they are not presented as HS 720711 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $4.0M | +0.0% |
| 1996 | $8.0M | +99.4% |
| 1997 | $10.5M | +31.5% |
| 1998 | $11.3M | +8.1% |
| 1999 | $9.3M | -18.0% |
| 2000 | $8.3M | -10.9% |
| 2001 | $9.1M | +9.5% |
| 2002 | $11.0M | +21.1% |
| 2003 | $19.6M | +78.0% |
| 2004 | $27.7M | +41.7% |
| 2005 | $14.8M | -46.7% |
| 2006 | $13.5M | -8.4% |
| 2007 | $20.1M | +48.6% |
| 2008 | $27.1M | +35.0% |
| 2009 | $26.9M | -1.0% |
| 2010 | $30.2M | +12.5% |
| 2011 | $43.5M | +44.1% |
| 2012 | $44.9M | +3.2% |
| 2013 | $40.9M | -9.0% |
| 2014 | $40.1M | -1.8% |
| 2015 | $32.0M | -20.3% |
| 2016 | $29.7M | -7.1% |
| 2017 | $39.1M | +31.6% |
| 2018 | $34.2M | -12.5% |
| 2019 | $56.7M | +65.7% |
| 2020 | $51.2M | -9.6% |
| 2021 | $60.1M | +17.3% |
| 2022 | $70.0M | +16.4% |
| 2023 | $78.3M | +11.9% |
| 2024 | $80.2M | +2.4% |

## 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.