# Iceland to USA, Puerto Rico and US Virgin Islands HS 481159 new corridor signal

This page reviews a reported new-corridor signal for paper and paperboard: coated, impregnated or covered with plastics (excluding adhesives), other than bleached and weighing more than 150g/m2, other than goods of heading no. 4803, 4809, or 4810. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 50/100
- Reported period: 2024
- Buyer market imports: $479.2M
- Buyer market growth: +8.4%
- Current exporter share: 0.0%
- Share gap: 27.7%

## 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: $479.2M
- Three-year buyer-import projection: $527.4M
- Supplier countries observed: 57
- Average buyer imports: $334.5M
- Historical buyer-import peak: $492.0M
- Full-history buyer-import CAGR: +3.2%
- Latest buyer-import annual change: +8.4%

## Competition landscape

- Top supplier: Canada
- Top supplier share: 27.7%
- Market concentration: 1,528
- Exporter share: 0.0%
- Share gap to peer benchmark: 27.7%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 4,202 km
- Trade agreement: Not reported
- Business entry time: 4.2 days
- Shared spoken language score: 0.9

## Buyer economy

- GDP per person: $69.3K
- GDP per-person growth: +7.6%
- Population: 331,894k
- GDP: $23.0T
- GDP five-year CAGR: Not reported
- Investment rate: 21.9%
- Savings rate: 17.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $304.5 | +0.0% |

## Broader route context

Broader Iceland to USA, Puerto Rico and US Virgin Islands route exports provide route context only; they are not presented as HS 481159 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $229.4M | +0.0% |
| 1996 | $236.1M | +2.9% |
| 1997 | $242.9M | +2.9% |
| 1998 | $265.8M | +9.4% |
| 1999 | $307.8M | +15.8% |
| 2000 | $241.6M | -21.5% |
| 2001 | $219.1M | -9.3% |
| 2002 | $285.7M | +30.4% |
| 2003 | $271.6M | -4.9% |
| 2004 | $274.0M | +0.9% |
| 2005 | $268.0M | -2.2% |
| 2006 | $277.3M | +3.5% |
| 2007 | $228.4M | -17.6% |
| 2008 | $248.9M | +9.0% |
| 2009 | $171.7M | -31.0% |
| 2010 | $198.2M | +15.5% |
| 2011 | $210.0M | +5.9% |
| 2012 | $261.2M | +24.4% |
| 2013 | $267.7M | +2.5% |
| 2014 | $272.1M | +1.6% |
| 2015 | $287.5M | +5.7% |
| 2016 | $351.5M | +22.3% |
| 2017 | $372.5M | +6.0% |
| 2018 | $398.9M | +7.1% |
| 2019 | $434.7M | +9.0% |
| 2020 | $380.2M | -12.5% |
| 2021 | $518.4M | +36.4% |
| 2022 | $632.0M | +21.9% |
| 2023 | $641.7M | +1.5% |
| 2024 | $915.0M | +42.6% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Iceland to Belgium | HS 870380 | New corridor | $10.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-bel-870380) |
| Iceland to Malaysia | HS 847150 | New corridor | $5.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-mys-847150) |
| Iceland to PAN | HS 999999 | New corridor | $5.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-pan-999999) |
| Iceland to USA, Puerto Rico and US Virgin Islands | HS 391810 | New corridor | $4.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-usa-391810) |
| Iceland to Indonesia + Timor-Leste | HS 851712 | New corridor | $3.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-idn-851712) |
| Iceland to SGP | HS 880240 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-sgp-880240) |
| Iceland to KOR | HS 854430 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-kor-854430) |
| Iceland to MMR | HS 271019 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/isl-mmr-271019) |

## 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.