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      "num_suppliers": 30,
      "market_hhi": 2650.506349643256,
      "volatility_mean_usd": 11582.251049796814,
      "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
    }
  ],
  "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": "Indonesia + Timor-Leste",
        "imports": "$229.6M",
        "year": 2024,
        "annualChange": "+673.1%"
      },
      "exporterPosition": {
        "exporter": "Madagascar",
        "routeExports": "$16.6",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "25/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$229.6M",
      "projectionThreeYears": "$347.1M",
      "supplierCount": "69",
      "averageImports": "$31.4M",
      "historicalPeak": "$229.6M",
      "fullHistoryGrowth": "+14.8%",
      "latestAnnualChange": "+673.1%"
    },
    "competition": {
      "topSupplier": {
        "country": "SGP",
        "iso3": "SGP",
        "share": "89.6%"
      },
      "marketConcentrationHhi": "8,040",
      "exporterShare": "0.0%",
      "shareGap": "89.6%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "6,562 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "12.6 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$4.3K",
      "gdpPerPersonGrowth": "+20.1%",
      "populationThousands": "276,362",
      "gdp": "$1.2T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "30.1%",
      "savingsRate": "32.6%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 16.585669812080145,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 109630.57750446953,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 916377.7520987053,
          "yoy_growth_pct": 735.8778845813756,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 898458.7424516792,
          "yoy_growth_pct": -1.955417359924727,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 1302646.8505303725,
          "yoy_growth_pct": 44.98683011039111,
          "cagr_3y_pct": 128.1909049393191
        },
        {
          "year": 1999,
          "export_value_usd": 3413743.508720555,
          "yoy_growth_pct": 162.06208592379815,
          "cagr_3y_pct": 55.01918531499659
        },
        {
          "year": 2000,
          "export_value_usd": 16495557.125982404,
          "yoy_growth_pct": 383.21020849527196,
          "cagr_3y_pct": 163.8090052950817
        },
        {
          "year": 2001,
          "export_value_usd": 14682856.479974601,
          "yoy_growth_pct": -10.989023481677929,
          "cagr_3y_pct": 124.21325659005981
        },
        {
          "year": 2002,
          "export_value_usd": 601241.0392968712,
          "yoy_growth_pct": -95.90514938209141,
          "cagr_3y_pct": -43.94609026430473
        },
        {
          "year": 2003,
          "export_value_usd": 142767.53896716243,
          "yoy_growth_pct": -76.25452528421485,
          "cagr_3y_pct": -79.46849295891944
        },
        {
          "year": 2004,
          "export_value_usd": 1023230.8848420725,
          "yoy_growth_pct": 616.7111601450405,
          "cagr_3y_pct": -58.84830808817855
        },
        {
          "year": 2005,
          "export_value_usd": 732106.5658249388,
          "yoy_growth_pct": -28.451478872441026,
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        {
          "year": 2006,
          "export_value_usd": 2165099.811699727,
          "yoy_growth_pct": 195.73560909948804,
          "cagr_3y_pct": 147.523336044069
        },
        {
          "year": 2007,
          "export_value_usd": 2402562.9852122227,
          "yoy_growth_pct": 10.967770272266275,
          "cagr_3y_pct": 32.91287347107665
        },
        {
          "year": 2008,
          "export_value_usd": 3932817.1005972777,
          "yoy_growth_pct": 63.69257017625638,
          "cagr_3y_pct": 75.1364259048651
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          "year": 2009,
          "export_value_usd": 3550566.6089083087,
          "yoy_growth_pct": -9.719508482378103,
          "cagr_3y_pct": 17.92518893778965
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        {
          "year": 2010,
          "export_value_usd": 6173976.274972097,
          "yoy_growth_pct": 73.88707085459825,
          "cagr_3y_pct": 36.97145152518555
        },
        {
          "year": 2011,
          "export_value_usd": 125519790.87162212,
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          "year": 2012,
          "export_value_usd": 51143319.646875605,
          "yoy_growth_pct": -59.254776245458004,
          "cagr_3y_pct": 143.31212397192687
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        {
          "year": 2013,
          "export_value_usd": 7382522.642653525,
          "yoy_growth_pct": -85.56503040157165,
          "cagr_3y_pct": 6.140210303422311
        },
        {
          "year": 2014,
          "export_value_usd": 7463565.481396197,
          "yoy_growth_pct": 1.0977662062888527,
          "cagr_3y_pct": -60.96884705416803
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        {
          "year": 2015,
          "export_value_usd": 5716760.736013794,
          "yoy_growth_pct": -23.40442714325367,
          "cagr_3y_pct": -51.828847832934066
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        {
          "year": 2016,
          "export_value_usd": 38729228.98522027,
          "yoy_growth_pct": 577.4680763047911,
          "cagr_3y_pct": 73.75795149306524
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        {
          "year": 2017,
          "export_value_usd": 71426592.3369869,
          "yoy_growth_pct": 84.42554682471086,
          "cagr_3y_pct": 112.31036381432169
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        {
          "year": 2018,
          "export_value_usd": 64293717.65802192,
          "yoy_growth_pct": -9.986301243817508,
          "cagr_3y_pct": 124.04719319703901
        },
        {
          "year": 2019,
          "export_value_usd": 29084515.09575479,
          "yoy_growth_pct": -54.763052821964294,
          "cagr_3y_pct": -9.104791098510557
        },
        {
          "year": 2020,
          "export_value_usd": 23401504.644549757,
          "yoy_growth_pct": -19.53964311419629,
          "cagr_3y_pct": -31.061586650942864
        },
        {
          "year": 2021,
          "export_value_usd": 42341190.57683272,
          "yoy_growth_pct": 80.93362465346449,
          "cagr_3y_pct": -12.997544712738417
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        {
          "year": 2022,
          "export_value_usd": 162323090.17995724,
          "yoy_growth_pct": 283.36921557603404,
          "cagr_3y_pct": 77.38061573326824
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        {
          "year": 2023,
          "export_value_usd": 132110822.0328669,
          "yoy_growth_pct": -18.61242791373423,
          "cagr_3y_pct": 78.05938577652934
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        {
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          "cagr_3y_pct": 17.842827227967682
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      ],
      "routeHistoryScope": "Broader Madagascar to Indonesia + Timor-Leste route exports, not only HS 901590."
    },
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      {
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        "hs_code": "271121",
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        "exporter_name": "Madagascar",
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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",
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