# Greece to Spain HS 870423 new corridor signal

This page reviews a reported new-corridor signal for vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), nes in item no 8704.1. 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: $548.0M
- Buyer market growth: +32.9%
- Current exporter share: 0.0%
- Share gap: 54.1%

## 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: $548.0M
- Three-year buyer-import projection: $689.2M
- Supplier countries observed: 34
- Average buyer imports: $215.3M
- Historical buyer-import peak: $548.0M
- Full-history buyer-import CAGR: +7.9%
- Latest buyer-import annual change: +32.9%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 54.1%
- Market concentration: 3,310
- Exporter share: 0.0%
- Share gap to peer benchmark: 54.1%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 2,373 km
- Trade agreement: Reported yes
- Business entry time: 12.5 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $30.1K
- GDP per-person growth: +1.9%
- Population: 47,327k
- GDP: $1.4T
- GDP five-year CAGR: Not reported
- Investment rate: 24.3%
- Savings rate: 22.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $81.9K | +0.0% |

## Broader route context

Broader Greece to Spain route exports provide route context only; they are not presented as HS 870423 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $350.8M | +0.0% |
| 1996 | $387.2M | +10.4% |
| 1997 | $230.0M | -40.6% |
| 1998 | $242.0M | +5.2% |
| 1999 | $310.8M | +28.4% |
| 2000 | $314.4M | +1.2% |
| 2001 | $336.7M | +7.1% |
| 2002 | $337.2M | +0.1% |
| 2003 | $492.9M | +46.2% |
| 2004 | $510.0M | +3.5% |
| 2005 | $614.6M | +20.5% |
| 2006 | $806.7M | +31.3% |
| 2007 | $908.6M | +12.6% |
| 2008 | $667.5M | -26.5% |
| 2009 | $486.1M | -27.2% |
| 2010 | $608.8M | +25.2% |
| 2011 | $760.8M | +25.0% |
| 2012 | $1.1B | +48.1% |
| 2013 | $1.3B | +11.1% |
| 2014 | $777.4M | -37.9% |
| 2015 | $676.3M | -13.0% |
| 2016 | $649.0M | -4.0% |
| 2017 | $687.5M | +5.9% |
| 2018 | $1.1B | +60.3% |
| 2019 | $1.0B | -6.1% |
| 2020 | $1.1B | +9.5% |
| 2021 | $1.3B | +10.9% |
| 2022 | $1.9B | +54.8% |
| 2023 | $2.0B | +5.4% |
| 2024 | $1.5B | -27.7% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Greece to USA, Puerto Rico and US Virgin Islands | HS 300214 | New corridor | $15.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-usa-300214) |
| Greece to GBR | HS 271121 | New corridor | $12.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-gbr-271121) |
| Greece to KOR | HS 270112 | New corridor | $12.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-kor-270112) |
| Greece to Germany | HS 300214 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-deu-300214) |
| Greece to NLD | HS 271111 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-nld-271111) |
| Greece to India | HS 151110 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-ind-151110) |
| Greece to South Africa | HS 270900 | New corridor | $4.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-zaf-270900) |
| Greece to France | HS 710812 | New corridor | $4.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/grc-fra-710812) |

## 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.