# Morocco to Mexico HS 870380 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with only electric motor for propulsion. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 48/100
- Reported period: 2024
- Buyer market imports: $1.3B
- Buyer market growth: +82.9%
- Current exporter share: 0.0%
- Share gap: 60.5%

## 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: $1.3B
- Three-year buyer-import projection: $2.6B
- Supplier countries observed: 34
- Average buyer imports: $86.2M
- Historical buyer-import peak: $1.3B
- Full-history buyer-import CAGR: +38.1%
- Latest buyer-import annual change: +82.9%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 60.5%
- Market concentration: 3,962
- Exporter share: 0.0%
- Share gap to peer benchmark: 60.5%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,028 km
- Trade agreement: Not reported
- Business entry time: 8.4 days
- Shared spoken language score: 0.2

## Buyer economy

- GDP per person: $9.9K
- GDP per-person growth: +8.8%
- Population: 130,262k
- GDP: $1.3T
- GDP five-year CAGR: Not reported
- Investment rate: 23.5%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $239.8 | +0.0% |

## Broader route context

Broader Morocco to Mexico route exports provide route context only; they are not presented as HS 870380 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $51.6M | +0.0% |
| 1996 | $78.2M | +51.5% |
| 1997 | $79.5M | +1.6% |
| 1998 | $87.5M | +10.1% |
| 1999 | $74.0M | -15.5% |
| 2000 | $72.7M | -1.7% |
| 2001 | $80.8M | +11.1% |
| 2002 | $67.9M | -15.9% |
| 2003 | $60.6M | -10.8% |
| 2004 | $98.1M | +62.0% |
| 2005 | $118.7M | +21.0% |
| 2006 | $104.0M | -12.5% |
| 2007 | $116.5M | +12.0% |
| 2008 | $205.8M | +76.7% |
| 2009 | $66.9M | -67.5% |
| 2010 | $147.4M | +120.5% |
| 2011 | $141.3M | -4.2% |
| 2012 | $161.9M | +14.6% |
| 2013 | $160.3M | -1.0% |
| 2014 | $188.8M | +17.7% |
| 2015 | $186.3M | -1.3% |
| 2016 | $157.7M | -15.3% |
| 2017 | $241.7M | +53.2% |
| 2018 | $357.0M | +47.7% |
| 2019 | $275.4M | -22.8% |
| 2020 | $279.2M | +1.4% |
| 2021 | $403.3M | +44.4% |
| 2022 | $495.7M | +22.9% |
| 2023 | $508.5M | +2.6% |
| 2024 | $577.1M | +13.5% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Morocco to Belgium | HS 870340 | New corridor | $6.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-bel-870340) |
| Morocco to Belgium | HS 870360 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-bel-870360) |
| Morocco to USA, Puerto Rico and US Virgin Islands | HS 841989 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-usa-841989) |
| Morocco to Guatemala | HS 271019 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-gtm-271019) |
| Morocco to Mexico | HS 870340 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-mex-870340) |
| Morocco to United Republic of Tanzania | HS 271012 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-tza-271012) |
| Morocco to ARG | HS 271019 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-arg-271019) |
| Morocco to KOR | HS 282590 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mar-kor-282590) |

## 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.