# IRL to CHN HS 293040 new corridor signal

This page reviews a reported new-corridor signal for organo-sulphur compounds: methionine. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 64/100
- Reported period: 2024
- Buyer market imports: $272.8M
- Buyer market growth: +16.3%
- Current exporter share: 0.0%
- Share gap: 66.6%

## 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: $272.8M
- Three-year buyer-import projection: $349.1M
- Supplier countries observed: 18
- Average buyer imports: $200.2M
- Historical buyer-import peak: $441.1M
- Full-history buyer-import CAGR: +8.6%
- Latest buyer-import annual change: +16.3%

## Competition landscape

- Top supplier: SGP
- Top supplier share: 66.6%
- Market concentration: 4,953
- Exporter share: 0.0%
- Share gap to peer benchmark: 66.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,291 km
- Trade agreement: Not reported
- Business entry time: 8.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $12.6K
- GDP per-person growth: +30.3%
- Population: 1,412,360k
- GDP: $17.7T
- GDP five-year CAGR: Not reported
- Investment rate: 44.5%
- Savings rate: 45.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $1.5K | +0.0% |

## Broader route context

Broader IRL to CHN route exports provide route context only; they are not presented as HS 293040 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $48.4M | +0.0% |
| 1996 | $49.8M | +2.9% |
| 1997 | $63.5M | +27.5% |
| 1998 | $98.4M | +54.9% |
| 1999 | $175.7M | +78.6% |
| 2000 | $255.8M | +45.6% |
| 2001 | $510.8M | +99.6% |
| 2002 | $676.8M | +32.5% |
| 2003 | $857.2M | +26.7% |
| 2004 | $1.0B | +20.5% |
| 2005 | $1.3B | +25.6% |
| 2006 | $1.4B | +5.0% |
| 2007 | $1.9B | +42.7% |
| 2008 | $2.6B | +35.0% |
| 2009 | $2.8B | +5.6% |
| 2010 | $2.7B | -3.1% |
| 2011 | $2.8B | +4.0% |
| 2012 | $2.8B | +1.4% |
| 2013 | $3.0B | +5.2% |
| 2014 | $2.8B | -5.4% |
| 2015 | $3.1B | +9.4% |
| 2016 | $4.3B | +40.9% |
| 2017 | $6.5B | +49.0% |
| 2018 | $8.1B | +24.7% |
| 2019 | $11.1B | +36.9% |
| 2020 | $12.3B | +11.4% |
| 2021 | $14.8B | +19.8% |
| 2022 | $15.3B | +3.7% |
| 2023 | $12.4B | -18.9% |
| 2024 | $13.7B | +10.6% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| IRL to AUS | HS 710812 | New corridor | $5.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-aus-710812) |
| IRL to France | HS 890190 | New corridor | $3.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-fra-890190) |
| IRL to USA, Puerto Rico and US Virgin Islands | HS 080390 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-usa-080390) |
| IRL to Spain | HS 120190 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-esp-120190) |
| IRL to QAT | HS 270900 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-qat-270900) |
| IRL to USA, Puerto Rico and US Virgin Islands | HS 070700 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-usa-070700) |
| IRL to Egypt | HS 720449 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-egy-720449) |
| IRL to Switzerland | HS 870360 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/irl-che-870360) |

## 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.