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      "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": 81.27660938269726,
      "exporter_name": "Madagascar",
      "importer_name": "Austria",
      "published": true
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  ],
  "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": "Spain",
        "imports": "$672.5M",
        "year": 2024,
        "annualChange": "+10.7%"
      },
      "exporterPosition": {
        "exporter": "Madagascar",
        "routeExports": "$95.3",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "40/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$672.5M",
      "projectionThreeYears": "$826.2M",
      "supplierCount": "90",
      "averageImports": "$278.9M",
      "historicalPeak": "$672.5M",
      "fullHistoryGrowth": "+7.1%",
      "latestAnnualChange": "+10.7%"
    },
    "competition": {
      "topSupplier": {
        "country": "France",
        "iso3": "FRA",
        "share": "43.3%"
      },
      "marketConcentrationHhi": "2,616",
      "exporterShare": "0.0%",
      "shareGap": "43.3%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "8,461 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "12.5 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$30.1K",
      "gdpPerPersonGrowth": "+1.9%",
      "populationThousands": "47,327",
      "gdp": "$1.4T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "24.3%",
      "savingsRate": "22.0%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 95.26171303942208,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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      ],
      "routeHistory": [
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          "export_value_usd": 16874886.433583394,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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        {
          "year": 1996,
          "export_value_usd": 11554269.754032068,
          "yoy_growth_pct": -31.52979251441095,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 14222212.58603184,
          "yoy_growth_pct": 23.090536129024898,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 14648494.309885556,
          "yoy_growth_pct": 2.9972954016478592,
          "cagr_3y_pct": -4.606809141034541
        },
        {
          "year": 1999,
          "export_value_usd": 16600191.786463168,
          "yoy_growth_pct": 13.323536435144101,
          "cagr_3y_pct": 12.838386547418846
        },
        {
          "year": 2000,
          "export_value_usd": 28241608.659449104,
          "yoy_growth_pct": 70.12820708781855,
          "cagr_3y_pct": 25.69193773491858
        },
        {
          "year": 2001,
          "export_value_usd": 22827337.307541914,
          "yoy_growth_pct": -19.171256911017633,
          "cagr_3y_pct": 15.936652473120105
        },
        {
          "year": 2002,
          "export_value_usd": 19036101.455738746,
          "yoy_growth_pct": -16.60831397339796,
          "cagr_3y_pct": 4.669858018339257
        },
        {
          "year": 2003,
          "export_value_usd": 12385686.766552486,
          "yoy_growth_pct": -34.93580187439789,
          "cagr_3y_pct": -24.023919132118444
        },
        {
          "year": 2004,
          "export_value_usd": 16105645.111823767,
          "yoy_growth_pct": 30.034332495126705,
          "cagr_3y_pct": -10.975893609886766
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          "year": 2006,
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        {
          "year": 2007,
          "export_value_usd": 37078718.39758206,
          "yoy_growth_pct": 23.089097112704103,
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        },
        {
          "year": 2008,
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          "year": 2010,
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          "yoy_growth_pct": 51.51550610290669,
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          "year": 2011,
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          "year": 2012,
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        {
          "year": 2013,
          "export_value_usd": 62340958.360013664,
          "yoy_growth_pct": 13.217078983871765,
          "cagr_3y_pct": 8.886886240581049
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        {
          "year": 2014,
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        {
          "year": 2015,
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          "yoy_growth_pct": 4.696953876728083,
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          "year": 2016,
          "export_value_usd": 66858997.65045127,
          "yoy_growth_pct": 0.8397176368607262,
          "cagr_3y_pct": 2.35965081192846
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        {
          "year": 2017,
          "export_value_usd": 71008956.95088768,
          "yoy_growth_pct": 6.207031882429659,
          "cagr_3y_pct": 3.889816626909681
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        {
          "year": 2018,
          "export_value_usd": 47073284.610623226,
          "yoy_growth_pct": -33.70796216147664,
          "cagr_3y_pct": -10.789613521427865
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        {
          "year": 2019,
          "export_value_usd": 49738124.93709511,
          "yoy_growth_pct": 5.66104606575617,
          "cagr_3y_pct": -9.38991958266444
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        {
          "year": 2020,
          "export_value_usd": 38701304.79515251,
          "yoy_growth_pct": -22.1898597019914,
          "cagr_3y_pct": -18.31590696228409
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        {
          "year": 2021,
          "export_value_usd": 24236770.425105046,
          "yoy_growth_pct": -37.3747976886278,
          "cagr_3y_pct": -19.850635708445964
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        {
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          "cagr_3y_pct": -12.71327697068565
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        {
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          "cagr_3y_pct": 14.591217047839656
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          "cagr_3y_pct": 16.953616096438196
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      ],
      "routeHistoryScope": "Broader Madagascar to Spain route exports, not only HS 330290."
    },
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      {
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        "hs_code": "271121",
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    ],
    "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"
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