# India to SGP HS 870380 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with only electric motor for propulsion. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 100/100
- Reported period: 2024
- Buyer market imports: $539.5M
- Buyer market growth: +137.6%
- Current exporter share: 0.0%
- Share gap: 60.4%

## 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: $539.5M
- Three-year buyer-import projection: $1.1B
- Supplier countries observed: 19
- Average buyer imports: $37.2M
- Historical buyer-import peak: $539.5M
- Full-history buyer-import CAGR: +37.4%
- Latest buyer-import annual change: +137.6%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 60.4%
- Market concentration: 4,216
- Exporter share: 0.0%
- Share gap to peer benchmark: 60.4%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 4,154 km
- Trade agreement: Reported yes
- Business entry time: 1.5 days
- Shared spoken language score: 0.2

## Buyer economy

- GDP per person: $72.8K
- GDP per-person growth: +7.7%
- Population: 5,454k
- GDP: $397.0B
- GDP five-year CAGR: Not reported
- Investment rate: 27.3%
- Savings rate: 50.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $122.5K | +0.0% |

## Broader route context

Broader India to SGP route exports provide route context only; they are not presented as HS 870380 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $943.5M | +0.0% |
| 1996 | $1.1B | +14.9% |
| 1997 | $953.9M | -12.0% |
| 1998 | $571.8M | -40.1% |
| 1999 | $701.3M | +22.6% |
| 2000 | $1.0B | +45.4% |
| 2001 | $1.1B | +5.8% |
| 2002 | $1.3B | +16.3% |
| 2003 | $1.6B | +25.3% |
| 2004 | $3.0B | +91.7% |
| 2005 | $4.6B | +53.4% |
| 2006 | $5.2B | +13.2% |
| 2007 | $5.8B | +10.9% |
| 2008 | $8.1B | +39.8% |
| 2009 | $5.9B | -27.7% |
| 2010 | $8.7B | +49.0% |
| 2011 | $14.3B | +63.3% |
| 2012 | $13.1B | -8.1% |
| 2013 | $11.3B | -13.7% |
| 2014 | $9.3B | -18.2% |
| 2015 | $6.8B | -26.9% |
| 2016 | $6.5B | -3.4% |
| 2017 | $9.2B | +41.5% |
| 2018 | $8.4B | -8.7% |
| 2019 | $7.6B | -10.3% |
| 2020 | $6.8B | -10.4% |
| 2021 | $9.0B | +33.1% |
| 2022 | $10.1B | +11.5% |
| 2023 | $9.3B | -7.9% |
| 2024 | $11.7B | +25.9% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| India to India | HS 710812 | New corridor | $53.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-710812) |
| India to India | HS 270119 | New corridor | $11.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-270119) |
| India to USA, Puerto Rico and US Virgin Islands | HS 870360 | New corridor | $9.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-usa-870360) |
| India to India | HS 710691 | New corridor | $3.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-710691) |
| India to India | HS 760200 | New corridor | $3.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-760200) |
| India to CHN | HS 080929 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-chn-080929) |
| India to India | HS 390410 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-390410) |
| India to India | HS 271012 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ind-ind-271012) |

## 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.