# LUX to Colombia HS 870323 new corridor signal

This page reviews a reported new-corridor signal for vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 77/100
- Reported period: 2024
- Buyer market imports: $897.8M
- Buyer market growth: +8.0%
- Current exporter share: 0.0%
- Share gap: 47.9%

## 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: $897.8M
- Three-year buyer-import projection: $1.0B
- Supplier countries observed: 32
- Average buyer imports: $794.3M
- Historical buyer-import peak: $1.8B
- Full-history buyer-import CAGR: +4.0%
- Latest buyer-import annual change: +8.0%

## Competition landscape

- Top supplier: Mexico
- Top supplier share: 47.9%
- Market concentration: 2,726
- Exporter share: 0.0%
- Share gap to peer benchmark: 47.9%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,991 km
- Trade agreement: Reported yes
- Business entry time: 10 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $6.1K
- GDP per-person growth: +12.7%
- Population: 51,266k
- GDP: $314.3B
- GDP five-year CAGR: Not reported
- Investment rate: 21.8%
- Savings rate: 19.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $6.8K | +0.0% |

## Broader route context

Broader LUX to Colombia route exports provide route context only; they are not presented as HS 870323 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1999 | $590.4K | +0.0% |
| 2000 | $973.8K | +64.9% |
| 2001 | $1.5M | +53.0% |
| 2002 | $895.1K | -39.9% |
| 2003 | $1.1M | +19.2% |
| 2004 | $849.0K | -20.4% |
| 2005 | $3.0M | +249.6% |
| 2006 | $1.8M | -38.1% |
| 2007 | $2.2M | +22.0% |
| 2008 | $4.8M | +114.5% |
| 2009 | $5.9M | +22.7% |
| 2010 | $5.5M | -7.5% |
| 2011 | $6.2M | +13.1% |
| 2012 | $6.9M | +12.3% |
| 2013 | $9.0M | +30.1% |
| 2014 | $10.3M | +13.8% |
| 2015 | $7.0M | -31.7% |
| 2016 | $6.7M | -4.4% |
| 2017 | $5.2M | -23.2% |
| 2018 | $11.9M | +130.2% |
| 2019 | $8.4M | -29.2% |
| 2020 | $5.7M | -32.5% |
| 2021 | $7.6M | +34.7% |
| 2022 | $8.0M | +4.8% |
| 2023 | $7.6M | -5.6% |
| 2024 | $7.0M | -7.1% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| LUX to USA, Puerto Rico and US Virgin Islands | HS 870410 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-usa-870410) |
| LUX to USA, Puerto Rico and US Virgin Islands | HS 842710 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-usa-842710) |
| LUX to Poland | HS 284190 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-pol-284190) |
| LUX to USA, Puerto Rico and US Virgin Islands | HS 690721 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-usa-690721) |
| LUX to USA, Puerto Rico and US Virgin Islands | HS 890399 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-usa-890399) |
| LUX to KOR | HS 284190 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-kor-284190) |
| LUX to USA, Puerto Rico and US Virgin Islands | HS 284440 | New corridor | $927.2M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-usa-284440) |
| LUX to Malaysia | HS 841191 | New corridor | $886.8M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/lux-mys-841191) |

## 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.