# Libya to Romania HS 721420 new corridor signal

This page reviews a reported new-corridor signal for iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling. 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: $287.2M
- Buyer market growth: +4.7%
- Current exporter share: 0.8%
- Share gap: 40.9%

## 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: $287.2M
- Three-year buyer-import projection: $560.9M
- Supplier countries observed: 33
- Average buyer imports: $120.4M
- Historical buyer-import peak: $408.5M
- Full-history buyer-import CAGR: +28.4%
- Latest buyer-import annual change: +4.7%

## Competition landscape

- Top supplier: TUR
- Top supplier share: 41.7%
- Market concentration: 2,874
- Exporter share: 0.8%
- Share gap to peer benchmark: 40.9%

## Access profile

- Applied tariff: 17.6%
- MFN tariff: 17.6%
- Preferential tariff: 0.0%
- Approximate distance: 0 km
- Trade agreement: Not reported
- Business entry time: 0 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $0.0
- GDP per-person growth: +0.0%
- Population: 0k
- GDP: $0.0
- GDP five-year CAGR: +8.9%
- Investment rate: 0.0%
- Savings rate: 0.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $2.2M | +0.0% |

## Broader route context

Broader Libya to Romania route exports provide route context only; they are not presented as HS 721420 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1996 | $505.2K | +0.0% |
| 1998 | $1.8K | -99.6% |
| 1999 | $44.0K | +2296.9% |
| 2002 | $11.1M | +25083.8% |
| 2003 | $17.5M | +58.5% |
| 2004 | $24.9M | +42.1% |
| 2005 | $23.9M | -4.3% |
| 2006 | $28.7M | +20.3% |
| 2007 | $65.1M | +126.8% |
| 2008 | $94.1M | +44.5% |
| 2009 | $54.7M | -41.9% |
| 2010 | $42.0M | -23.1% |
| 2011 | $18.5M | -56.0% |
| 2012 | $236.0 | -100.0% |
| 2013 | $1.3M | +533797.9% |
| 2014 | $23.1M | +1735.6% |
| 2015 | $2.3M | -90.1% |
| 2016 | $1.9M | -18.9% |
| 2017 | $3.7M | +100.2% |
| 2018 | $2.3M | -37.8% |
| 2019 | $40.9M | +1665.5% |
| 2020 | $8.9M | -78.1% |
| 2021 | $31.0M | +247.5% |
| 2022 | $31.2M | +0.6% |
| 2023 | $376.8M | +1106.9% |
| 2024 | $206.9M | -45.1% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Libya to CHN | HS 847330 | New corridor | $21.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-chn-847330) |
| Libya to USA, Puerto Rico and US Virgin Islands | HS 901890 | New corridor | $19.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-usa-901890) |
| Libya to USA, Puerto Rico and US Virgin Islands | HS 850440 | New corridor | $17.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-usa-850440) |
| Libya to USA, Puerto Rico and US Virgin Islands | HS 870830 | New corridor | $7.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-usa-870830) |
| Libya to Germany | HS 620342 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-deu-620342) |
| Libya to France | HS 950300 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-fra-950300) |
| Libya to France | HS 190590 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-fra-190590) |
| Libya to Germany | HS 760429 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lby-deu-760429) |

## 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.