{
  "template": "new-corridor-signal",
  "templateName": "New Corridor Signal",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-hkg-853224",
  "seo": {
    "title": "Iceland to China, Hong Kong SAR new corridor | HS 853224 | Yugalinks",
    "description": "Reported new-corridor signal for Iceland to China, Hong Kong SAR in electrical capacitors (HS 853224), with market demand, growth, share, competition,...",
    "robots": "index, follow"
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "Trade data",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "New corridor signals",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "ISL-HKG-HS 853224",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/isl-hkg-853224"
    }
  ],
  "exporter": {
    "iso3": "ISL",
    "country_name": "Iceland"
  },
  "importer": {
    "iso3": "HKG",
    "country_name": "China, Hong Kong SAR"
  },
  "hsCode": "853224",
  "product": "Electrical capacitors: fixed, ceramic dielectric, multilayer",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "ISL",
    "importer_iso3": "HKG",
    "hs_code": "853224",
    "your_market_share_pct": 0.005752030998942279,
    "your_share_change_pp": 0.005752030998942279,
    "market_imports_usd": 907091732.4247414,
    "market_yoy_growth_pct": 16.20682470916137,
    "market_cagr_3y_pct": -8.46813,
    "top_supplier_iso3": "TWN",
    "top_supplier_share_pct": 39.1472052633794,
    "your_share_gap_pp": 39.14145323238046,
    "num_suppliers": 50,
    "market_hhi": 3121.72069745715,
    "volatility_mean_usd": 52176.197637913676,
    "volatility_stddev_usd": 0,
    "volatility_cv": 0,
    "max_drawdown_pct": 0,
    "momentum_yoy_pct": null,
    "momentum_acceleration_pct": null,
    "anomaly_type": "",
    "anomaly_severity": "0",
    "anomaly_z_score": 0,
    "new_corridor_signal_type": "new",
    "new_corridor_signal_strength": 94.34961500119711
  },
  "market": {
    "exporter_iso3": "ISL",
    "importer_iso3": "HKG",
    "hs_code": "853224",
    "hs_description": "Electrical capacitors: fixed, ceramic dielectric, multilayer",
    "hs_chapter": "85",
    "hs_heading": "8532",
    "price_range_label": "Medium price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -2.8410051,
    "buyer_imports_latest_usd": 907091732.4247415,
    "buyer_imports_avg_usd": 595795188.5314143,
    "buyer_imports_peak_usd": 1188717550.2008066,
    "buyer_cagr_full_pct": 6.9967,
    "buyer_yoy_avg_pct": 11.401,
    "buyer_yoy_latest_pct": 16.2068,
    "buyer_trend_consistency_pct": 65.5172,
    "buyer_imports_proj_3y_usd": 1111123728.07,
    "buyer_imports_proj_5y_usd": 1272047213.67,
    "buyer_gdp_mn_latest": 368139.247671,
    "buyer_gdp_pc_latest": 49661,
    "buyer_population_latest": 7413.1,
    "buyer_investment_rate": 22.99,
    "buyer_savings_rate": 22.16,
    "buyer_edu_secondary": 92.54,
    "buyer_gdp_mn_2030_proj": 401687.03,
    "buyer_gdp_pc_2030_proj": 52054.63,
    "buyer_gdp_pc_growth_pct": 4.82,
    "buyer_gdp_mn_growth_pct": 9.11,
    "buyer_pop_growth_pct": 4.1,
    "exports_latest_usd": 52176.197637913676,
    "exports_avg_usd": 52176.197637913676,
    "exports_peak_usd": 52176.197637913676,
    "share_latest_pct": 0.005752030998942278,
    "share_avg_pct": 0.005752030998942278,
    "share_peak_pct": 0.005752030998942278,
    "share_change_1y_pp": 0.005752030998942278,
    "share_trend_pp_per_yr": null,
    "cagr_full_pct": null,
    "yoy_avg_pct": null,
    "yoy_latest_pct": null,
    "trend_consistency_pct": null,
    "exports_proj_3y_usd": null,
    "exports_proj_5y_usd": null,
    "your_share_gap_pp": 39.1415,
    "addressable_proj_3y_usd": 434909974.38,
    "addressable_proj_5y_usd": 497897765.23,
    "peer_best_share_pct": 39.14720526337939,
    "peer_top_exporter": "TWN",
    "num_suppliers_latest": 50,
    "buyer_herfindahl_index": 3121.72,
    "distance_km": 9696.81640625,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.3203999996185303,
    "has_wto_reported_fta": 1,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 1.5,
    "shared_legal_system": 0,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 0,
    "lane_max_drawdown_pct": 0,
    "signal_flag": "Declining",
    "lane_data_years": 1,
    "lane_last_year": 2024
  },
  "access": {
    "lane_access_data_available": false,
    "exporter_iso3": "ISL",
    "importer_iso3": "HKG",
    "hs_code": "853224"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 52176.197637913676,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1995,
      "export_value_usd": 2004040.245375617,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "export_value_usd": 2994825.95063516,
      "yoy_growth_pct": 49.439411585960436,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "export_value_usd": 1725135.1673407522,
      "yoy_growth_pct": -42.3961460272883,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 1014027.9782677373,
      "yoy_growth_pct": -41.22037522249151,
      "cagr_3y_pct": -20.314157930844512
    },
    {
      "year": 1999,
      "export_value_usd": 706070.7192599168,
      "yoy_growth_pct": -30.369700403523726,
      "cagr_3y_pct": -38.2231815604264
    },
    {
      "year": 2000,
      "export_value_usd": 999344.015814861,
      "yoy_growth_pct": 41.53596637775108,
      "cagr_3y_pct": -16.638799073289825
    },
    {
      "year": 2001,
      "export_value_usd": 645206.8023095061,
      "yoy_growth_pct": -35.4369674407459,
      "cagr_3y_pct": -13.989857634230763
    },
    {
      "year": 2002,
      "export_value_usd": 1822719.7701429995,
      "yoy_growth_pct": 182.50163569550213,
      "cagr_3y_pct": 37.17992702700561
    },
    {
      "year": 2003,
      "export_value_usd": 2536475.419254468,
      "yoy_growth_pct": 39.1588252238835,
      "cagr_3y_pct": 36.40759352381389
    },
    {
      "year": 2004,
      "export_value_usd": 2839346.6563411104,
      "yoy_growth_pct": 11.940633636247245,
      "cagr_3y_pct": 63.87265642265647
    },
    {
      "year": 2005,
      "export_value_usd": 3054623.831617414,
      "yoy_growth_pct": 7.58192645464848,
      "cagr_3y_pct": 18.78071736956075
    },
    {
      "year": 2006,
      "export_value_usd": 6528169.625727621,
      "yoy_growth_pct": 113.71435520657793,
      "cagr_3y_pct": 37.041969297626956
    },
    {
      "year": 2007,
      "export_value_usd": 5396661.950976028,
      "yoy_growth_pct": -17.332694148943418,
      "cagr_3y_pct": 23.87079699652366
    },
    {
      "year": 2008,
      "export_value_usd": 3625619.608819683,
      "yoy_growth_pct": -32.81736670268995,
      "cagr_3y_pct": 5.878594387278069
    },
    {
      "year": 2009,
      "export_value_usd": 5623373.184876016,
      "yoy_growth_pct": 55.10102524811475,
      "cagr_3y_pct": -4.851526518423688
    },
    {
      "year": 2010,
      "export_value_usd": 8512570.438327419,
      "yoy_growth_pct": 51.378365946294615,
      "cagr_3y_pct": 16.406840369438157
    },
    {
      "year": 2011,
      "export_value_usd": 7063251.93466729,
      "yoy_growth_pct": -17.025627149405366,
      "cagr_3y_pct": 24.89378287125743
    },
    {
      "year": 2012,
      "export_value_usd": 10346781.812286692,
      "yoy_growth_pct": 46.48750898298617,
      "cagr_3y_pct": 22.537625881506564
    },
    {
      "year": 2013,
      "export_value_usd": 6530609.5916654365,
      "yoy_growth_pct": -36.88269734353141,
      "cagr_3y_pct": -8.455764725817193
    },
    {
      "year": 2014,
      "export_value_usd": 4613430.749905976,
      "yoy_growth_pct": -29.356812941417033,
      "cagr_3y_pct": -13.235959253677231
    },
    {
      "year": 2015,
      "export_value_usd": 6722144.618240889,
      "yoy_growth_pct": 45.70815045566447,
      "cagr_3y_pct": -13.390103388442354
    },
    {
      "year": 2016,
      "export_value_usd": 9158974.875396889,
      "yoy_growth_pct": 36.250785955177655,
      "cagr_3y_pct": 11.934607809360664
    },
    {
      "year": 2017,
      "export_value_usd": 8776106.972370677,
      "yoy_growth_pct": -4.180248425559974,
      "cagr_3y_pct": 23.906084735695043
    },
    {
      "year": 2018,
      "export_value_usd": 10758009.055299867,
      "yoy_growth_pct": 22.582929870484737,
      "cagr_3y_pct": 16.97005245381149
    },
    {
      "year": 2019,
      "export_value_usd": 2784060.644902146,
      "yoy_growth_pct": -74.12104200144175,
      "cagr_3y_pct": -32.76264699190412
    },
    {
      "year": 2020,
      "export_value_usd": 12105610.62407174,
      "yoy_growth_pct": 334.8184960064772,
      "cagr_3y_pct": 11.317026644311046
    },
    {
      "year": 2021,
      "export_value_usd": 3437149.666638794,
      "yoy_growth_pct": -71.60696991356969,
      "cagr_3y_pct": -31.636832117736102
    },
    {
      "year": 2022,
      "export_value_usd": 1338692.0182696232,
      "yoy_growth_pct": -61.05226283094222,
      "cagr_3y_pct": -21.656916499409252
    },
    {
      "year": 2023,
      "export_value_usd": 2831940.3918962018,
      "yoy_growth_pct": 111.54532582906809,
      "cagr_3y_pct": -38.38320060475103
    },
    {
      "year": 2024,
      "export_value_usd": 3805918.9220133577,
      "yoy_growth_pct": 34.392621147827285,
      "cagr_3y_pct": 3.455526747349702
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "BEL",
      "hs_code": "870380",
      "your_market_share_pct": 0.0002210315054087037,
      "your_share_change_pp": 0.0002210315054087037,
      "market_imports_usd": 10110590805.204638,
      "market_yoy_growth_pct": 12.685147729846346,
      "market_cagr_3y_pct": 41.816719,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 36.73517122958152,
      "your_share_gap_pp": 36.734950198076106,
      "num_suppliers": 40,
      "market_hhi": 2623.0654426097967,
      "volatility_mean_usd": 22347.59106245779,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 86.98500297612641,
      "exporter_name": "Iceland",
      "importer_name": "Belgium",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "MYS",
      "hs_code": "847150",
      "your_market_share_pct": 0.000029899987040448923,
      "your_share_change_pp": 0.000029899987040448923,
      "market_imports_usd": 5513073225.224837,
      "market_yoy_growth_pct": 257.60844254789714,
      "market_cagr_3y_pct": 125.281463,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 39.3864360890855,
      "your_share_gap_pp": 39.38640618909846,
      "num_suppliers": 60,
      "market_hhi": 2466.9700642412013,
      "volatility_mean_usd": 1648.4081798726859,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 64.34656288038511,
      "exporter_name": "Iceland",
      "importer_name": "Malaysia",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "PAN",
      "hs_code": "999999",
      "your_market_share_pct": 0.02958793778833802,
      "your_share_change_pp": 0.02958793778833802,
      "market_imports_usd": 5364442144.540482,
      "market_yoy_growth_pct": 7.108343924578864,
      "market_cagr_3y_pct": 13.100523,
      "top_supplier_iso3": "SGP",
      "top_supplier_share_pct": 97.86337490439526,
      "your_share_gap_pp": 97.83378696660692,
      "num_suppliers": 10,
      "market_hhi": 9578.666737786909,
      "volatility_mean_usd": 1587227.8044180237,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 100,
      "exporter_name": "Iceland",
      "importer_name": "PAN",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "USA",
      "hs_code": "391810",
      "your_market_share_pct": 9.58911998365655e-8,
      "your_share_change_pp": 9.58911998365655e-8,
      "market_imports_usd": 4044036024.1271496,
      "market_yoy_growth_pct": 2.965984508563735,
      "market_cagr_3y_pct": -5.506948,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 37.388377176425976,
      "your_share_gap_pp": 37.388377080534774,
      "num_suppliers": 67,
      "market_hhi": 2666.478716761454,
      "volatility_mean_usd": 3.8778746653584633,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 13.764612742668183,
      "exporter_name": "Iceland",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "IDN",
      "hs_code": "851712",
      "your_market_share_pct": 0.0000013848952344815117,
      "your_share_change_pp": 0.0000013848952344815117,
      "market_imports_usd": 3561108167.8968635,
      "market_yoy_growth_pct": 9.952096845657255,
      "market_cagr_3y_pct": 17.597389,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 59.63319753433974,
      "your_share_gap_pp": 59.63319614944451,
      "num_suppliers": 63,
      "market_hhi": 4823.335751204433,
      "volatility_mean_usd": 49.317617311935535,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 34.03440135590711,
      "exporter_name": "Iceland",
      "importer_name": "Indonesia + Timor-Leste",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "SGP",
      "hs_code": "880240",
      "your_market_share_pct": 0.004903846314586169,
      "your_share_change_pp": 0.004903846314586169,
      "market_imports_usd": 2524596984.8579307,
      "market_yoy_growth_pct": -39.77465806608653,
      "market_cagr_3y_pct": 48.542009,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 75.918295180816,
      "your_share_gap_pp": 75.91339133450141,
      "num_suppliers": 17,
      "market_hhi": 6055.0093447871595,
      "volatility_mean_usd": 123802.35620010918,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 100,
      "exporter_name": "Iceland",
      "importer_name": "SGP",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "KOR",
      "hs_code": "854430",
      "your_market_share_pct": 0.00002484166498962263,
      "your_share_change_pp": 0.00002484166498962263,
      "market_imports_usd": 2495901716.3011627,
      "market_yoy_growth_pct": -1.4216451706033029,
      "market_cagr_3y_pct": 9.396064,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 57.50069697559898,
      "your_share_gap_pp": 57.50067213393399,
      "num_suppliers": 72,
      "market_hhi": 4129.347246070996,
      "volatility_mean_usd": 620.0235428337763,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 55.862161289489435,
      "exporter_name": "Iceland",
      "importer_name": "KOR",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "MMR",
      "hs_code": "271019",
      "your_market_share_pct": 0.0011452774314866074,
      "your_share_change_pp": 0.0011452774314866074,
      "market_imports_usd": 2228385044.7370386,
      "market_yoy_growth_pct": -16.493277272088026,
      "market_cagr_3y_pct": 11.266722,
      "top_supplier_iso3": "SGP",
      "top_supplier_share_pct": 66.49951641646045,
      "your_share_gap_pp": 66.49837113902896,
      "num_suppliers": 43,
      "market_hhi": 4784.869840716446,
      "volatility_mean_usd": 25521.191003996042,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 88.13835909071656,
      "exporter_name": "Iceland",
      "importer_name": "MMR",
      "published": true
    }
  ],
  "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": "China, Hong Kong SAR",
        "imports": "$907.1M",
        "year": 2024,
        "annualChange": "+16.2%"
      },
      "exporterPosition": {
        "exporter": "Iceland",
        "routeExports": "$52.2K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "94/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$907.1M",
      "projectionThreeYears": "$1.1B",
      "supplierCount": "50",
      "averageImports": "$595.8M",
      "historicalPeak": "$1.2B",
      "fullHistoryGrowth": "+7.0%",
      "latestAnnualChange": "+16.2%"
    },
    "competition": {
      "topSupplier": {
        "country": "Taiwan",
        "iso3": "TWN",
        "share": "39.1%"
      },
      "marketConcentrationHhi": "3,122",
      "exporterShare": "0.0%",
      "shareGap": "39.1%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "9,697 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "1.5 days",
      "sharedSpokenLanguageScore": "0.3"
    },
    "economy": {
      "gdpPerPerson": "$49.7K",
      "gdpPerPersonGrowth": "+4.8%",
      "populationThousands": "7,413",
      "gdp": "$368.1B",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "23.0%",
      "savingsRate": "22.2%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 52176.197637913676,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 2004040.245375617,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 2994825.95063516,
          "yoy_growth_pct": 49.439411585960436,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 1725135.1673407522,
          "yoy_growth_pct": -42.3961460272883,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 1014027.9782677373,
          "yoy_growth_pct": -41.22037522249151,
          "cagr_3y_pct": -20.314157930844512
        },
        {
          "year": 1999,
          "export_value_usd": 706070.7192599168,
          "yoy_growth_pct": -30.369700403523726,
          "cagr_3y_pct": -38.2231815604264
        },
        {
          "year": 2000,
          "export_value_usd": 999344.015814861,
          "yoy_growth_pct": 41.53596637775108,
          "cagr_3y_pct": -16.638799073289825
        },
        {
          "year": 2001,
          "export_value_usd": 645206.8023095061,
          "yoy_growth_pct": -35.4369674407459,
          "cagr_3y_pct": -13.989857634230763
        },
        {
          "year": 2002,
          "export_value_usd": 1822719.7701429995,
          "yoy_growth_pct": 182.50163569550213,
          "cagr_3y_pct": 37.17992702700561
        },
        {
          "year": 2003,
          "export_value_usd": 2536475.419254468,
          "yoy_growth_pct": 39.1588252238835,
          "cagr_3y_pct": 36.40759352381389
        },
        {
          "year": 2004,
          "export_value_usd": 2839346.6563411104,
          "yoy_growth_pct": 11.940633636247245,
          "cagr_3y_pct": 63.87265642265647
        },
        {
          "year": 2005,
          "export_value_usd": 3054623.831617414,
          "yoy_growth_pct": 7.58192645464848,
          "cagr_3y_pct": 18.78071736956075
        },
        {
          "year": 2006,
          "export_value_usd": 6528169.625727621,
          "yoy_growth_pct": 113.71435520657793,
          "cagr_3y_pct": 37.041969297626956
        },
        {
          "year": 2007,
          "export_value_usd": 5396661.950976028,
          "yoy_growth_pct": -17.332694148943418,
          "cagr_3y_pct": 23.87079699652366
        },
        {
          "year": 2008,
          "export_value_usd": 3625619.608819683,
          "yoy_growth_pct": -32.81736670268995,
          "cagr_3y_pct": 5.878594387278069
        },
        {
          "year": 2009,
          "export_value_usd": 5623373.184876016,
          "yoy_growth_pct": 55.10102524811475,
          "cagr_3y_pct": -4.851526518423688
        },
        {
          "year": 2010,
          "export_value_usd": 8512570.438327419,
          "yoy_growth_pct": 51.378365946294615,
          "cagr_3y_pct": 16.406840369438157
        },
        {
          "year": 2011,
          "export_value_usd": 7063251.93466729,
          "yoy_growth_pct": -17.025627149405366,
          "cagr_3y_pct": 24.89378287125743
        },
        {
          "year": 2012,
          "export_value_usd": 10346781.812286692,
          "yoy_growth_pct": 46.48750898298617,
          "cagr_3y_pct": 22.537625881506564
        },
        {
          "year": 2013,
          "export_value_usd": 6530609.5916654365,
          "yoy_growth_pct": -36.88269734353141,
          "cagr_3y_pct": -8.455764725817193
        },
        {
          "year": 2014,
          "export_value_usd": 4613430.749905976,
          "yoy_growth_pct": -29.356812941417033,
          "cagr_3y_pct": -13.235959253677231
        },
        {
          "year": 2015,
          "export_value_usd": 6722144.618240889,
          "yoy_growth_pct": 45.70815045566447,
          "cagr_3y_pct": -13.390103388442354
        },
        {
          "year": 2016,
          "export_value_usd": 9158974.875396889,
          "yoy_growth_pct": 36.250785955177655,
          "cagr_3y_pct": 11.934607809360664
        },
        {
          "year": 2017,
          "export_value_usd": 8776106.972370677,
          "yoy_growth_pct": -4.180248425559974,
          "cagr_3y_pct": 23.906084735695043
        },
        {
          "year": 2018,
          "export_value_usd": 10758009.055299867,
          "yoy_growth_pct": 22.582929870484737,
          "cagr_3y_pct": 16.97005245381149
        },
        {
          "year": 2019,
          "export_value_usd": 2784060.644902146,
          "yoy_growth_pct": -74.12104200144175,
          "cagr_3y_pct": -32.76264699190412
        },
        {
          "year": 2020,
          "export_value_usd": 12105610.62407174,
          "yoy_growth_pct": 334.8184960064772,
          "cagr_3y_pct": 11.317026644311046
        },
        {
          "year": 2021,
          "export_value_usd": 3437149.666638794,
          "yoy_growth_pct": -71.60696991356969,
          "cagr_3y_pct": -31.636832117736102
        },
        {
          "year": 2022,
          "export_value_usd": 1338692.0182696232,
          "yoy_growth_pct": -61.05226283094222,
          "cagr_3y_pct": -21.656916499409252
        },
        {
          "year": 2023,
          "export_value_usd": 2831940.3918962018,
          "yoy_growth_pct": 111.54532582906809,
          "cagr_3y_pct": -38.38320060475103
        },
        {
          "year": 2024,
          "export_value_usd": 3805918.9220133577,
          "yoy_growth_pct": 34.392621147827285,
          "cagr_3y_pct": 3.455526747349702
        }
      ],
      "routeHistoryScope": "Broader Iceland to China, Hong Kong SAR route exports, not only HS 853224."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "BEL",
        "hs_code": "870380",
        "your_market_share_pct": 0.0002210315054087037,
        "your_share_change_pp": 0.0002210315054087037,
        "market_imports_usd": 10110590805.204638,
        "market_yoy_growth_pct": 12.685147729846346,
        "market_cagr_3y_pct": 41.816719,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 36.73517122958152,
        "your_share_gap_pp": 36.734950198076106,
        "num_suppliers": 40,
        "market_hhi": 2623.0654426097967,
        "volatility_mean_usd": 22347.59106245779,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 86.98500297612641,
        "exporter_name": "Iceland",
        "importer_name": "Belgium",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-bel-870380"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "MYS",
        "hs_code": "847150",
        "your_market_share_pct": 0.000029899987040448923,
        "your_share_change_pp": 0.000029899987040448923,
        "market_imports_usd": 5513073225.224837,
        "market_yoy_growth_pct": 257.60844254789714,
        "market_cagr_3y_pct": 125.281463,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 39.3864360890855,
        "your_share_gap_pp": 39.38640618909846,
        "num_suppliers": 60,
        "market_hhi": 2466.9700642412013,
        "volatility_mean_usd": 1648.4081798726859,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 64.34656288038511,
        "exporter_name": "Iceland",
        "importer_name": "Malaysia",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-mys-847150"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "PAN",
        "hs_code": "999999",
        "your_market_share_pct": 0.02958793778833802,
        "your_share_change_pp": 0.02958793778833802,
        "market_imports_usd": 5364442144.540482,
        "market_yoy_growth_pct": 7.108343924578864,
        "market_cagr_3y_pct": 13.100523,
        "top_supplier_iso3": "SGP",
        "top_supplier_share_pct": 97.86337490439526,
        "your_share_gap_pp": 97.83378696660692,
        "num_suppliers": 10,
        "market_hhi": 9578.666737786909,
        "volatility_mean_usd": 1587227.8044180237,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 100,
        "exporter_name": "Iceland",
        "importer_name": "PAN",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-pan-999999"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "USA",
        "hs_code": "391810",
        "your_market_share_pct": 9.58911998365655e-8,
        "your_share_change_pp": 9.58911998365655e-8,
        "market_imports_usd": 4044036024.1271496,
        "market_yoy_growth_pct": 2.965984508563735,
        "market_cagr_3y_pct": -5.506948,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 37.388377176425976,
        "your_share_gap_pp": 37.388377080534774,
        "num_suppliers": 67,
        "market_hhi": 2666.478716761454,
        "volatility_mean_usd": 3.8778746653584633,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 13.764612742668183,
        "exporter_name": "Iceland",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-usa-391810"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "IDN",
        "hs_code": "851712",
        "your_market_share_pct": 0.0000013848952344815117,
        "your_share_change_pp": 0.0000013848952344815117,
        "market_imports_usd": 3561108167.8968635,
        "market_yoy_growth_pct": 9.952096845657255,
        "market_cagr_3y_pct": 17.597389,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 59.63319753433974,
        "your_share_gap_pp": 59.63319614944451,
        "num_suppliers": 63,
        "market_hhi": 4823.335751204433,
        "volatility_mean_usd": 49.317617311935535,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 34.03440135590711,
        "exporter_name": "Iceland",
        "importer_name": "Indonesia + Timor-Leste",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-idn-851712"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "SGP",
        "hs_code": "880240",
        "your_market_share_pct": 0.004903846314586169,
        "your_share_change_pp": 0.004903846314586169,
        "market_imports_usd": 2524596984.8579307,
        "market_yoy_growth_pct": -39.77465806608653,
        "market_cagr_3y_pct": 48.542009,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 75.918295180816,
        "your_share_gap_pp": 75.91339133450141,
        "num_suppliers": 17,
        "market_hhi": 6055.0093447871595,
        "volatility_mean_usd": 123802.35620010918,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 100,
        "exporter_name": "Iceland",
        "importer_name": "SGP",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-sgp-880240"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "KOR",
        "hs_code": "854430",
        "your_market_share_pct": 0.00002484166498962263,
        "your_share_change_pp": 0.00002484166498962263,
        "market_imports_usd": 2495901716.3011627,
        "market_yoy_growth_pct": -1.4216451706033029,
        "market_cagr_3y_pct": 9.396064,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 57.50069697559898,
        "your_share_gap_pp": 57.50067213393399,
        "num_suppliers": 72,
        "market_hhi": 4129.347246070996,
        "volatility_mean_usd": 620.0235428337763,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 55.862161289489435,
        "exporter_name": "Iceland",
        "importer_name": "KOR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-kor-854430"
      },
      {
        "year": 2024,
        "exporter_iso3": "ISL",
        "importer_iso3": "MMR",
        "hs_code": "271019",
        "your_market_share_pct": 0.0011452774314866074,
        "your_share_change_pp": 0.0011452774314866074,
        "market_imports_usd": 2228385044.7370386,
        "market_yoy_growth_pct": -16.493277272088026,
        "market_cagr_3y_pct": 11.266722,
        "top_supplier_iso3": "SGP",
        "top_supplier_share_pct": 66.49951641646045,
        "your_share_gap_pp": 66.49837113902896,
        "num_suppliers": 43,
        "market_hhi": 4784.869840716446,
        "volatility_mean_usd": 25521.191003996042,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 88.13835909071656,
        "exporter_name": "Iceland",
        "importer_name": "MMR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/isl-mmr-271019"
      }
    ],
    "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"
        }
      ]
    }
  },
  "links": {
    "home": "https://www.yugalinks.com/",
    "trade": "https://www.yugalinks.com/trade/signal/new-corridor/",
    "product": "https://www.yugalinks.com/trade/product/853224",
    "workspace": "https://www.yugalinks.com/app?hs=853224",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/isl-hkg-853224/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/isl-hkg-853224/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/isl-hkg-853224/index.ld.json"
  },
  "methodology": {
    "summary": "Reported trade observations and calculated signal indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.",
    "url": "https://www.yugalinks.com/methodology"
  },
  "sourceAttribution": {
    "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"
      }
    ]
  },
  "generatedAt": "2026-09-02T11:43:36.586Z"
}