{
  "template": "new-corridor-signal",
  "templateName": "New Corridor Signal",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-ita-850231",
  "seo": {
    "title": "Madagascar to Italy new corridor | HS 850231 | Yugalinks",
    "description": "Reported new-corridor signal for Madagascar to Italy in electric generating sets (HS 850231), with market demand, growth, share, competition, access, and...",
    "robots": "index, follow"
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "Trade data",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "New corridor signals",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "MDG-ITA-HS 850231",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-ita-850231"
    }
  ],
  "exporter": {
    "iso3": "MDG",
    "country_name": "Madagascar"
  },
  "importer": {
    "iso3": "ITA",
    "country_name": "Italy"
  },
  "hsCode": "850231",
  "product": "Electric generating sets: wind-powered, (excluding those with spark-ignition or compression-ignition internal combustion piston engines)",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "MDG",
    "importer_iso3": "ITA",
    "hs_code": "850231",
    "your_market_share_pct": 0.001574753795139311,
    "your_share_change_pp": 0.001574753795139311,
    "market_imports_usd": 233060412.0571711,
    "market_yoy_growth_pct": 119.61257389982008,
    "market_cagr_3y_pct": 15.76449,
    "top_supplier_iso3": "DNK",
    "top_supplier_share_pct": 58.03835835891616,
    "your_share_gap_pp": 58.03678360512102,
    "num_suppliers": 19,
    "market_hhi": 3841.178408513717,
    "volatility_mean_usd": 3670.1276838376184,
    "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": 71.29598979534676
  },
  "market": {
    "exporter_iso3": "MDG",
    "importer_iso3": "ITA",
    "hs_code": "850231",
    "hs_description": "Electric generating sets: wind-powered, (excluding those with spark-ignition or compression-ignition internal combustion piston engines)",
    "hs_chapter": "85",
    "hs_heading": "8502",
    "price_range_label": "High price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -6.4827862,
    "buyer_imports_latest_usd": 233060412.05717114,
    "buyer_imports_avg_usd": 109276089.08091077,
    "buyer_imports_peak_usd": 364432043.91687465,
    "buyer_cagr_full_pct": 12.1014,
    "buyer_yoy_avg_pct": 64.482,
    "buyer_yoy_latest_pct": 119.6126,
    "buyer_trend_consistency_pct": 55.1724,
    "buyer_imports_proj_3y_usd": 328322965.47,
    "buyer_imports_proj_5y_usd": 412594178.74,
    "buyer_gdp_mn_latest": 2099880.198259,
    "buyer_gdp_pc_latest": 35551,
    "buyer_population_latest": 59066.223,
    "buyer_investment_rate": 21.25,
    "buyer_savings_rate": 22.49,
    "buyer_edu_secondary": 95.34,
    "buyer_gdp_mn_2030_proj": 1953678.32,
    "buyer_gdp_pc_2030_proj": 33629.24,
    "buyer_gdp_pc_growth_pct": -5.41,
    "buyer_gdp_mn_growth_pct": -6.96,
    "buyer_pop_growth_pct": -1.65,
    "exports_latest_usd": 3670.1276838376184,
    "exports_avg_usd": 3670.1276838376184,
    "exports_peak_usd": 3670.1276838376184,
    "share_latest_pct": 0.0015747537951393109,
    "share_avg_pct": 0.0015747537951393109,
    "share_peak_pct": 0.0015747537951393109,
    "share_change_1y_pp": 0.0015747537951393109,
    "share_trend_pp_per_yr": null,
    "cagr_full_pct": null,
    "yoy_avg_pct": null,
    "yoy_latest_pct": null,
    "trend_consistency_pct": null,
    "exports_proj_3y_usd": null,
    "exports_proj_5y_usd": null,
    "your_share_gap_pp": 58.0368,
    "addressable_proj_3y_usd": 190548089,
    "addressable_proj_5y_usd": 239456390.68,
    "peer_best_share_pct": 58.038358358916156,
    "peer_top_exporter": "DNK",
    "num_suppliers_latest": 19,
    "buyer_herfindahl_index": 3841.18,
    "distance_km": 7660.201171875,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.02800000086426735,
    "has_wto_reported_fta": 1,
    "buyer_is_eu_member": 1,
    "buyer_biz_entry_days": 11,
    "shared_legal_system": 1,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 0,
    "lane_max_drawdown_pct": 0,
    "signal_flag": "Declining",
    "lane_data_years": 1,
    "lane_last_year": 2024
  },
  "access": {
    "lane_access_data_available": false,
    "exporter_iso3": "MDG",
    "importer_iso3": "ITA",
    "hs_code": "850231"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 3670.1276838376184,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1995,
      "export_value_usd": 29852914.655499827,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "export_value_usd": 25991813.497293066,
      "yoy_growth_pct": -12.93374936003251,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "export_value_usd": 28125927.538981263,
      "yoy_growth_pct": 8.210716200739343,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 28210312.442303713,
      "yoy_growth_pct": 0.3000253172290801,
      "cagr_3y_pct": -1.8688129673215426
    },
    {
      "year": 1999,
      "export_value_usd": 30809401.341983173,
      "yoy_growth_pct": 9.213258112596833,
      "cagr_3y_pct": 5.8316480496257705
    },
    {
      "year": 2000,
      "export_value_usd": 29141985.11852327,
      "yoy_growth_pct": -5.4120370757991925,
      "cagr_3y_pct": 1.1899604526726337
    },
    {
      "year": 2001,
      "export_value_usd": 21356558.779400766,
      "yoy_growth_pct": -26.715497614381523,
      "cagr_3y_pct": -8.86025837553528
    },
    {
      "year": 2002,
      "export_value_usd": 21609792.313524906,
      "yoy_growth_pct": 1.1857412832276815,
      "cagr_3y_pct": -11.150338452999343
    },
    {
      "year": 2003,
      "export_value_usd": 29241269.44197768,
      "yoy_growth_pct": 35.31490269657274,
      "cagr_3y_pct": 0.1134351747448914
    },
    {
      "year": 2004,
      "export_value_usd": 42260517.31104378,
      "yoy_growth_pct": 44.52353853822826,
      "cagr_3y_pct": 25.545507865281603
    },
    {
      "year": 2005,
      "export_value_usd": 29473025.03154636,
      "yoy_growth_pct": -30.258721599121806,
      "cagr_3y_pct": 10.898253501385513
    },
    {
      "year": 2006,
      "export_value_usd": 47898546.5494422,
      "yoy_growth_pct": 62.51656047580505,
      "cagr_3y_pct": 17.88051853047945
    },
    {
      "year": 2007,
      "export_value_usd": 48993450.827618726,
      "yoy_growth_pct": 2.2858820508182554,
      "cagr_3y_pct": 5.051213524501863
    },
    {
      "year": 2008,
      "export_value_usd": 45107269.3427683,
      "yoy_growth_pct": -7.932042791849437,
      "cagr_3y_pct": 15.241068060421203
    },
    {
      "year": 2009,
      "export_value_usd": 35791547.84785889,
      "yoy_growth_pct": -20.652372955941132,
      "cagr_3y_pct": -9.255694386701984
    },
    {
      "year": 2010,
      "export_value_usd": 33101734.391368866,
      "yoy_growth_pct": -7.515219704729626,
      "cagr_3y_pct": -12.251929956113406
    },
    {
      "year": 2011,
      "export_value_usd": 32855270.01800862,
      "yoy_growth_pct": -0.744566343401365,
      "cagr_3y_pct": -10.02548770595041
    },
    {
      "year": 2012,
      "export_value_usd": 45833550.75068733,
      "yoy_growth_pct": 39.501366829629035,
      "cagr_3y_pct": 8.592794109476998
    },
    {
      "year": 2013,
      "export_value_usd": 35477045.27113287,
      "yoy_growth_pct": -22.59590476829716,
      "cagr_3y_pct": 2.336893808083329
    },
    {
      "year": 2014,
      "export_value_usd": 38953726.157160535,
      "yoy_growth_pct": 9.799803956212184,
      "cagr_3y_pct": 5.839550979437047
    },
    {
      "year": 2015,
      "export_value_usd": 28966062.50610231,
      "yoy_growth_pct": -25.6398158439646,
      "cagr_3y_pct": -14.18392378707961
    },
    {
      "year": 2016,
      "export_value_usd": 22856484.466386687,
      "yoy_growth_pct": -21.09219379896219,
      "cagr_3y_pct": -13.631774482242665
    },
    {
      "year": 2017,
      "export_value_usd": 28067891.16730798,
      "yoy_growth_pct": 22.80056107747155,
      "cagr_3y_pct": -10.349319110201616
    },
    {
      "year": 2018,
      "export_value_usd": 28901589.142913047,
      "yoy_growth_pct": 2.970290751932647,
      "cagr_3y_pct": -0.07424925620340694
    },
    {
      "year": 2019,
      "export_value_usd": 28594482.66591043,
      "yoy_growth_pct": -1.06259374003288,
      "cagr_3y_pct": 7.7517346194653
    },
    {
      "year": 2020,
      "export_value_usd": 22320985.79228842,
      "yoy_growth_pct": -21.939536192767374,
      "cagr_3y_pct": -7.352324166766233
    },
    {
      "year": 2021,
      "export_value_usd": 28763820.494990822,
      "yoy_growth_pct": 28.864472038364507,
      "cagr_3y_pct": -0.15914711457354347
    },
    {
      "year": 2022,
      "export_value_usd": 35654586.80325899,
      "yoy_growth_pct": 23.956366677605256,
      "cagr_3y_pct": 7.632737975790582
    },
    {
      "year": 2023,
      "export_value_usd": 46482812.47011182,
      "yoy_growth_pct": 30.369797093997096,
      "cagr_3y_pct": 27.700620877060334
    },
    {
      "year": 2024,
      "export_value_usd": 39669597.5053155,
      "yoy_growth_pct": -14.657492958665486,
      "cagr_3y_pct": 11.310741224820053
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "DEU",
      "hs_code": "300212",
      "your_market_share_pct": 3.7420858886458945e-9,
      "your_share_change_pp": 3.7420858886458945e-9,
      "market_imports_usd": 7525211466.099886,
      "market_yoy_growth_pct": 4.268670169635058,
      "market_cagr_3y_pct": 13.310094,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 37.9036584332078,
      "your_share_gap_pp": 37.903658429465715,
      "num_suppliers": 105,
      "market_hhi": 2444.481847071589,
      "volatility_mean_usd": 0.28159987636368666,
      "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": 2.155049136872986,
      "exporter_name": "Madagascar",
      "importer_name": "Germany",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "USA",
      "hs_code": "870850",
      "your_market_share_pct": 0.0000015926129017361787,
      "your_share_change_pp": 0.0000015926129017361787,
      "market_imports_usd": 6692506433.715449,
      "market_yoy_growth_pct": 2.8927563584353333,
      "market_cagr_3y_pct": 5.266756,
      "top_supplier_iso3": "MEX",
      "top_supplier_share_pct": 40.71988042834092,
      "your_share_gap_pp": 40.71987883572802,
      "num_suppliers": 86,
      "market_hhi": 2151.126234382747,
      "volatility_mean_usd": 106.58572091287607,
      "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": 40.63509268678297,
      "exporter_name": "Madagascar",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "HKG",
      "hs_code": "854290",
      "your_market_share_pct": 0.000011205990072960574,
      "your_share_change_pp": 0.000011205990072960574,
      "market_imports_usd": 3456209467.3523355,
      "market_yoy_growth_pct": 30.83029655813403,
      "market_cagr_3y_pct": 10.3938,
      "top_supplier_iso3": "TWN",
      "top_supplier_share_pct": 31.212006812969868,
      "your_share_gap_pp": 31.211995606979794,
      "num_suppliers": 45,
      "market_hhi": 1837.412096241001,
      "volatility_mean_usd": 387.3024898122262,
      "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": 51.78340350539657,
      "exporter_name": "Madagascar",
      "importer_name": "China, Hong Kong SAR",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "ARE",
      "hs_code": "740311",
      "your_market_share_pct": 0.0002901777764743074,
      "your_share_change_pp": 0.0002901777764743074,
      "market_imports_usd": 3387494447.9233212,
      "market_yoy_growth_pct": 19.437332814279284,
      "market_cagr_3y_pct": 5.279041,
      "top_supplier_iso3": "COG",
      "top_supplier_share_pct": 61.10749563096676,
      "your_share_gap_pp": 61.10720545319028,
      "num_suppliers": 20,
      "market_hhi": 4819.246775429142,
      "volatility_mean_usd": 9829.756067174509,
      "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": 79.85173839972484,
      "exporter_name": "Madagascar",
      "importer_name": "ARE",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "BGR",
      "hs_code": "270900",
      "your_market_share_pct": 6.772413807028954e-8,
      "your_share_change_pp": 6.772413807028954e-8,
      "market_imports_usd": 2824267714.608452,
      "market_yoy_growth_pct": -2.7432008053686396,
      "market_cagr_3y_pct": 16.18862,
      "top_supplier_iso3": "KAZ",
      "top_supplier_share_pct": 28.596614231265306,
      "your_share_gap_pp": 28.59661416354117,
      "num_suppliers": 33,
      "market_hhi": 1942.503792607429,
      "volatility_mean_usd": 1.912710966516039,
      "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": 9.285947819055027,
      "exporter_name": "Madagascar",
      "importer_name": "BGR",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "CHL",
      "hs_code": "851712",
      "your_market_share_pct": 0.0000313437096985148,
      "your_share_change_pp": 0.0000313437096985148,
      "market_imports_usd": 2004486082.8050227,
      "market_yoy_growth_pct": 11.53893025307211,
      "market_cagr_3y_pct": -4.905172,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 65.81427690657698,
      "your_share_gap_pp": 65.81424556286728,
      "num_suppliers": 64,
      "market_hhi": 5073.322878970203,
      "volatility_mean_usd": 628.2802987415373,
      "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": 55.97688270481236,
      "exporter_name": "Madagascar",
      "importer_name": "Chile",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "POL",
      "hs_code": "854231",
      "your_market_share_pct": 2.552456837004684e-7,
      "your_share_change_pp": 2.552456837004684e-7,
      "market_imports_usd": 1971771573.3956897,
      "market_yoy_growth_pct": -2.0138217492621346,
      "market_cagr_3y_pct": -11.424355,
      "top_supplier_iso3": "NLD",
      "top_supplier_share_pct": 28.98793720398119,
      "your_share_gap_pp": 28.987936948735506,
      "num_suppliers": 85,
      "market_hhi": 1415.967009209811,
      "volatility_mean_usd": 5.032861833525312,
      "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": 15.610467581664864,
      "exporter_name": "Madagascar",
      "importer_name": "Poland",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "MDG",
      "importer_iso3": "AUT",
      "hs_code": "271121",
      "your_market_share_pct": 0.0006333333230408119,
      "your_share_change_pp": 0.0006333333230408119,
      "market_imports_usd": 1828776511.266952,
      "market_yoy_growth_pct": -31.74268675528905,
      "market_cagr_3y_pct": -3.652764,
      "top_supplier_iso3": "DEU",
      "top_supplier_share_pct": 37.10342959647261,
      "your_share_gap_pp": 37.10279626314957,
      "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": "Italy",
        "imports": "$233.1M",
        "year": 2024,
        "annualChange": "+119.6%"
      },
      "exporterPosition": {
        "exporter": "Madagascar",
        "routeExports": "$3.7K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "71/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$233.1M",
      "projectionThreeYears": "$328.3M",
      "supplierCount": "19",
      "averageImports": "$109.3M",
      "historicalPeak": "$364.4M",
      "fullHistoryGrowth": "+12.1%",
      "latestAnnualChange": "+119.6%"
    },
    "competition": {
      "topSupplier": {
        "country": "Denmark",
        "iso3": "DNK",
        "share": "58.0%"
      },
      "marketConcentrationHhi": "3,841",
      "exporterShare": "0.0%",
      "shareGap": "58.0%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "7,660 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "11 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$35.6K",
      "gdpPerPersonGrowth": "-5.4%",
      "populationThousands": "59,066",
      "gdp": "$2.1T",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "21.3%",
      "savingsRate": "22.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 3670.1276838376184,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1995,
          "export_value_usd": 29852914.655499827,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1996,
          "export_value_usd": 25991813.497293066,
          "yoy_growth_pct": -12.93374936003251,
          "cagr_3y_pct": null
        },
        {
          "year": 1997,
          "export_value_usd": 28125927.538981263,
          "yoy_growth_pct": 8.210716200739343,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 28210312.442303713,
          "yoy_growth_pct": 0.3000253172290801,
          "cagr_3y_pct": -1.8688129673215426
        },
        {
          "year": 1999,
          "export_value_usd": 30809401.341983173,
          "yoy_growth_pct": 9.213258112596833,
          "cagr_3y_pct": 5.8316480496257705
        },
        {
          "year": 2000,
          "export_value_usd": 29141985.11852327,
          "yoy_growth_pct": -5.4120370757991925,
          "cagr_3y_pct": 1.1899604526726337
        },
        {
          "year": 2001,
          "export_value_usd": 21356558.779400766,
          "yoy_growth_pct": -26.715497614381523,
          "cagr_3y_pct": -8.86025837553528
        },
        {
          "year": 2002,
          "export_value_usd": 21609792.313524906,
          "yoy_growth_pct": 1.1857412832276815,
          "cagr_3y_pct": -11.150338452999343
        },
        {
          "year": 2003,
          "export_value_usd": 29241269.44197768,
          "yoy_growth_pct": 35.31490269657274,
          "cagr_3y_pct": 0.1134351747448914
        },
        {
          "year": 2004,
          "export_value_usd": 42260517.31104378,
          "yoy_growth_pct": 44.52353853822826,
          "cagr_3y_pct": 25.545507865281603
        },
        {
          "year": 2005,
          "export_value_usd": 29473025.03154636,
          "yoy_growth_pct": -30.258721599121806,
          "cagr_3y_pct": 10.898253501385513
        },
        {
          "year": 2006,
          "export_value_usd": 47898546.5494422,
          "yoy_growth_pct": 62.51656047580505,
          "cagr_3y_pct": 17.88051853047945
        },
        {
          "year": 2007,
          "export_value_usd": 48993450.827618726,
          "yoy_growth_pct": 2.2858820508182554,
          "cagr_3y_pct": 5.051213524501863
        },
        {
          "year": 2008,
          "export_value_usd": 45107269.3427683,
          "yoy_growth_pct": -7.932042791849437,
          "cagr_3y_pct": 15.241068060421203
        },
        {
          "year": 2009,
          "export_value_usd": 35791547.84785889,
          "yoy_growth_pct": -20.652372955941132,
          "cagr_3y_pct": -9.255694386701984
        },
        {
          "year": 2010,
          "export_value_usd": 33101734.391368866,
          "yoy_growth_pct": -7.515219704729626,
          "cagr_3y_pct": -12.251929956113406
        },
        {
          "year": 2011,
          "export_value_usd": 32855270.01800862,
          "yoy_growth_pct": -0.744566343401365,
          "cagr_3y_pct": -10.02548770595041
        },
        {
          "year": 2012,
          "export_value_usd": 45833550.75068733,
          "yoy_growth_pct": 39.501366829629035,
          "cagr_3y_pct": 8.592794109476998
        },
        {
          "year": 2013,
          "export_value_usd": 35477045.27113287,
          "yoy_growth_pct": -22.59590476829716,
          "cagr_3y_pct": 2.336893808083329
        },
        {
          "year": 2014,
          "export_value_usd": 38953726.157160535,
          "yoy_growth_pct": 9.799803956212184,
          "cagr_3y_pct": 5.839550979437047
        },
        {
          "year": 2015,
          "export_value_usd": 28966062.50610231,
          "yoy_growth_pct": -25.6398158439646,
          "cagr_3y_pct": -14.18392378707961
        },
        {
          "year": 2016,
          "export_value_usd": 22856484.466386687,
          "yoy_growth_pct": -21.09219379896219,
          "cagr_3y_pct": -13.631774482242665
        },
        {
          "year": 2017,
          "export_value_usd": 28067891.16730798,
          "yoy_growth_pct": 22.80056107747155,
          "cagr_3y_pct": -10.349319110201616
        },
        {
          "year": 2018,
          "export_value_usd": 28901589.142913047,
          "yoy_growth_pct": 2.970290751932647,
          "cagr_3y_pct": -0.07424925620340694
        },
        {
          "year": 2019,
          "export_value_usd": 28594482.66591043,
          "yoy_growth_pct": -1.06259374003288,
          "cagr_3y_pct": 7.7517346194653
        },
        {
          "year": 2020,
          "export_value_usd": 22320985.79228842,
          "yoy_growth_pct": -21.939536192767374,
          "cagr_3y_pct": -7.352324166766233
        },
        {
          "year": 2021,
          "export_value_usd": 28763820.494990822,
          "yoy_growth_pct": 28.864472038364507,
          "cagr_3y_pct": -0.15914711457354347
        },
        {
          "year": 2022,
          "export_value_usd": 35654586.80325899,
          "yoy_growth_pct": 23.956366677605256,
          "cagr_3y_pct": 7.632737975790582
        },
        {
          "year": 2023,
          "export_value_usd": 46482812.47011182,
          "yoy_growth_pct": 30.369797093997096,
          "cagr_3y_pct": 27.700620877060334
        },
        {
          "year": 2024,
          "export_value_usd": 39669597.5053155,
          "yoy_growth_pct": -14.657492958665486,
          "cagr_3y_pct": 11.310741224820053
        }
      ],
      "routeHistoryScope": "Broader Madagascar to Italy route exports, not only HS 850231."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "DEU",
        "hs_code": "300212",
        "your_market_share_pct": 3.7420858886458945e-9,
        "your_share_change_pp": 3.7420858886458945e-9,
        "market_imports_usd": 7525211466.099886,
        "market_yoy_growth_pct": 4.268670169635058,
        "market_cagr_3y_pct": 13.310094,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 37.9036584332078,
        "your_share_gap_pp": 37.903658429465715,
        "num_suppliers": 105,
        "market_hhi": 2444.481847071589,
        "volatility_mean_usd": 0.28159987636368666,
        "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": 2.155049136872986,
        "exporter_name": "Madagascar",
        "importer_name": "Germany",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-deu-300212"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "USA",
        "hs_code": "870850",
        "your_market_share_pct": 0.0000015926129017361787,
        "your_share_change_pp": 0.0000015926129017361787,
        "market_imports_usd": 6692506433.715449,
        "market_yoy_growth_pct": 2.8927563584353333,
        "market_cagr_3y_pct": 5.266756,
        "top_supplier_iso3": "MEX",
        "top_supplier_share_pct": 40.71988042834092,
        "your_share_gap_pp": 40.71987883572802,
        "num_suppliers": 86,
        "market_hhi": 2151.126234382747,
        "volatility_mean_usd": 106.58572091287607,
        "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": 40.63509268678297,
        "exporter_name": "Madagascar",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-usa-870850"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "HKG",
        "hs_code": "854290",
        "your_market_share_pct": 0.000011205990072960574,
        "your_share_change_pp": 0.000011205990072960574,
        "market_imports_usd": 3456209467.3523355,
        "market_yoy_growth_pct": 30.83029655813403,
        "market_cagr_3y_pct": 10.3938,
        "top_supplier_iso3": "TWN",
        "top_supplier_share_pct": 31.212006812969868,
        "your_share_gap_pp": 31.211995606979794,
        "num_suppliers": 45,
        "market_hhi": 1837.412096241001,
        "volatility_mean_usd": 387.3024898122262,
        "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": 51.78340350539657,
        "exporter_name": "Madagascar",
        "importer_name": "China, Hong Kong SAR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-hkg-854290"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "ARE",
        "hs_code": "740311",
        "your_market_share_pct": 0.0002901777764743074,
        "your_share_change_pp": 0.0002901777764743074,
        "market_imports_usd": 3387494447.9233212,
        "market_yoy_growth_pct": 19.437332814279284,
        "market_cagr_3y_pct": 5.279041,
        "top_supplier_iso3": "COG",
        "top_supplier_share_pct": 61.10749563096676,
        "your_share_gap_pp": 61.10720545319028,
        "num_suppliers": 20,
        "market_hhi": 4819.246775429142,
        "volatility_mean_usd": 9829.756067174509,
        "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": 79.85173839972484,
        "exporter_name": "Madagascar",
        "importer_name": "ARE",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-are-740311"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "BGR",
        "hs_code": "270900",
        "your_market_share_pct": 6.772413807028954e-8,
        "your_share_change_pp": 6.772413807028954e-8,
        "market_imports_usd": 2824267714.608452,
        "market_yoy_growth_pct": -2.7432008053686396,
        "market_cagr_3y_pct": 16.18862,
        "top_supplier_iso3": "KAZ",
        "top_supplier_share_pct": 28.596614231265306,
        "your_share_gap_pp": 28.59661416354117,
        "num_suppliers": 33,
        "market_hhi": 1942.503792607429,
        "volatility_mean_usd": 1.912710966516039,
        "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": 9.285947819055027,
        "exporter_name": "Madagascar",
        "importer_name": "BGR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-bgr-270900"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "CHL",
        "hs_code": "851712",
        "your_market_share_pct": 0.0000313437096985148,
        "your_share_change_pp": 0.0000313437096985148,
        "market_imports_usd": 2004486082.8050227,
        "market_yoy_growth_pct": 11.53893025307211,
        "market_cagr_3y_pct": -4.905172,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 65.81427690657698,
        "your_share_gap_pp": 65.81424556286728,
        "num_suppliers": 64,
        "market_hhi": 5073.322878970203,
        "volatility_mean_usd": 628.2802987415373,
        "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": 55.97688270481236,
        "exporter_name": "Madagascar",
        "importer_name": "Chile",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-chl-851712"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "POL",
        "hs_code": "854231",
        "your_market_share_pct": 2.552456837004684e-7,
        "your_share_change_pp": 2.552456837004684e-7,
        "market_imports_usd": 1971771573.3956897,
        "market_yoy_growth_pct": -2.0138217492621346,
        "market_cagr_3y_pct": -11.424355,
        "top_supplier_iso3": "NLD",
        "top_supplier_share_pct": 28.98793720398119,
        "your_share_gap_pp": 28.987936948735506,
        "num_suppliers": 85,
        "market_hhi": 1415.967009209811,
        "volatility_mean_usd": 5.032861833525312,
        "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": 15.610467581664864,
        "exporter_name": "Madagascar",
        "importer_name": "Poland",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-pol-854231"
      },
      {
        "year": 2024,
        "exporter_iso3": "MDG",
        "importer_iso3": "AUT",
        "hs_code": "271121",
        "your_market_share_pct": 0.0006333333230408119,
        "your_share_change_pp": 0.0006333333230408119,
        "market_imports_usd": 1828776511.266952,
        "market_yoy_growth_pct": -31.74268675528905,
        "market_cagr_3y_pct": -3.652764,
        "top_supplier_iso3": "DEU",
        "top_supplier_share_pct": 37.10342959647261,
        "your_share_gap_pp": 37.10279626314957,
        "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,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-aut-271121"
      }
    ],
    "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"
        }
      ]
    }
  },
  "links": {
    "home": "https://www.yugalinks.com/",
    "trade": "https://www.yugalinks.com/trade/signal/new-corridor/",
    "product": "https://www.yugalinks.com/trade/product/850231",
    "workspace": "https://www.yugalinks.com/app?hs=850231",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-ita-850231/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-ita-850231/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/mdg-ita-850231/index.ld.json"
  },
  "methodology": {
    "summary": "Reported trade observations and calculated signal indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.",
    "url": "https://www.yugalinks.com/methodology"
  },
  "sourceAttribution": {
    "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"
      }
    ]
  },
  "generatedAt": "2026-09-02T11:46:51.281Z"
}