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      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
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      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 63.68106023965034,
      "exporter_name": "Honduras",
      "importer_name": "Portugal",
      "published": true
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  ],
  "sections": {
    "overview": {
      "title": "What does this new corridor signal mean?",
      "summary": "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.",
      "reportedMarket": {
        "buyerMarket": "Spain",
        "imports": "$1.5B",
        "year": 2024,
        "annualChange": "+1.1%"
      },
      "exporterPosition": {
        "exporter": "Honduras",
        "routeExports": "$0.5",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "3/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$1.5B",
      "projectionThreeYears": "$1.7B",
      "supplierCount": "62",
      "averageImports": "$949.8M",
      "historicalPeak": "$1.5B",
      "fullHistoryGrowth": "+4.2%",
      "latestAnnualChange": "+1.1%"
    },
    "competition": {
      "topSupplier": {
        "country": "CHN",
        "iso3": "CHN",
        "share": "18.2%"
      },
      "marketConcentrationHhi": "843",
      "exporterShare": "0.0%",
      "shareGap": "18.2%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "8,464 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "12.5 days",
      "sharedSpokenLanguageScore": "1"
    },
    "economy": {
      "gdpPerPerson": "$30.1K",
      "gdpPerPersonGrowth": "+1.9%",
      "populationThousands": "47,327",
      "gdp": "$1.4T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "24.3%",
      "savingsRate": "22.0%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 0.4838846435332115,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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      ],
      "routeHistory": [
        {
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          "export_value_usd": 60990054.569419056,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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        {
          "year": 1996,
          "export_value_usd": 62284166.90144718,
          "yoy_growth_pct": 2.1218415709977068,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 43418443.00011724,
          "yoy_growth_pct": -30.289758761935992,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 50592645.518383846,
          "yoy_growth_pct": 16.523398865885696,
          "cagr_3y_pct": -6.040047362088552
        },
        {
          "year": 1999,
          "export_value_usd": 34981299.247016005,
          "yoy_growth_pct": -30.856947904997668,
          "cagr_3y_pct": -17.493893708379062
        },
        {
          "year": 2000,
          "export_value_usd": 28263387.011300072,
          "yoy_growth_pct": -19.20429595332709,
          "cagr_3y_pct": -13.333753722908103
        },
        {
          "year": 2001,
          "export_value_usd": 22897258.839070175,
          "yoy_growth_pct": -18.986146883543885,
          "cagr_3y_pct": -23.22284154839982
        },
        {
          "year": 2002,
          "export_value_usd": 21114983.876707364,
          "yoy_growth_pct": -7.78379182804917,
          "cagr_3y_pct": -15.488020763380417
        },
        {
          "year": 2003,
          "export_value_usd": 35623530.60905701,
          "yoy_growth_pct": 68.7120900355245,
          "cagr_3y_pct": 8.02001952612974
        },
        {
          "year": 2004,
          "export_value_usd": 40767704.65342546,
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        {
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        {
          "year": 2013,
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          "yoy_growth_pct": -31.58533602236662,
          "cagr_3y_pct": -9.979916961011337
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        {
          "year": 2014,
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          "year": 2015,
          "export_value_usd": 45698503.97034675,
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        {
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          "yoy_growth_pct": 5.689624105892865,
          "cagr_3y_pct": 8.972027224656687
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        {
          "year": 2017,
          "export_value_usd": 83334607.32050961,
          "yoy_growth_pct": 72.54050197525663,
          "cagr_3y_pct": 15.161442975500595
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        {
          "year": 2018,
          "export_value_usd": 126006906.67658618,
          "yoy_growth_pct": 51.20597639820452,
          "cagr_3y_pct": 40.22672434051158
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        {
          "year": 2019,
          "export_value_usd": 82307995.25944558,
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          "cagr_3y_pct": 19.445345021409043
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        {
          "year": 2020,
          "export_value_usd": 74256665.9926963,
          "yoy_growth_pct": -9.78195282410953,
          "cagr_3y_pct": -3.7715809089979624
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        {
          "year": 2021,
          "export_value_usd": 54002777.64135519,
          "yoy_growth_pct": -27.27551537707502,
          "cagr_3y_pct": -24.60534075415708
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        {
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      ],
      "routeHistoryScope": "Broader Honduras to Spain route exports, not only HS 401110."
    },
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    ],
    "faq": [
      {
        "question": "What does a new corridor signal mean?",
        "answer": "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."
      },
      {
        "question": "Is the market opportunity reported trade?",
        "answer": "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."
      },
      {
        "question": "What should exporters check next?",
        "answer": "Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route."
      }
    ],
    "dataSources": {
      "publisher": "OECD",
      "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
      "year": 2025,
      "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02)",
      "sourceUrl": "https://data-explorer.oecd.org/",
      "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
      "termsUrl": "https://www.oecd.org/termsandconditions/",
      "terms": "OECD Terms & Conditions",
      "accessed": "2026-09-02",
      "supportingSources": [
        {
          "publisher": "CEPII",
          "dataset": "BACI bilateral trade flows",
          "release": "202601",
          "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
          "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
          "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
          "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
          "license": "Etalab 2.0 Open Licence",
          "accessed": "2026-09-02"
        }
      ]
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