# Mexico to Spain HS 870370 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, capable of being charged by plugging to external source of electric power. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 83/100
- Reported period: 2024
- Buyer market imports: $260.0M
- Buyer market growth: +164.4%
- Current exporter share: 0.0%
- Share gap: 81.9%

## 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: $260.0M
- Three-year buyer-import projection: $507.8M
- Supplier countries observed: 22
- Average buyer imports: $20.4M
- Historical buyer-import peak: $260.0M
- Full-history buyer-import CAGR: +45.5%
- Latest buyer-import annual change: +164.4%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 81.9%
- Market concentration: 6,831
- Exporter share: 0.0%
- Share gap to peer benchmark: 81.9%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,074 km
- Trade agreement: Reported yes
- Business entry time: 12.5 days
- Shared spoken language score: 1

## Buyer economy

- GDP per person: $30.1K
- GDP per-person growth: +1.9%
- Population: 47,327k
- GDP: $1.4T
- GDP five-year CAGR: Not reported
- Investment rate: 24.3%
- Savings rate: 22.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $14.6K | +0.0% |

## Broader route context

Broader Mexico to Spain route exports provide route context only; they are not presented as HS 870370 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $893.9M | +0.0% |
| 1996 | $983.9M | +10.1% |
| 1997 | $1.0B | +2.4% |
| 1998 | $786.5M | -22.0% |
| 1999 | $888.6M | +13.0% |
| 2000 | $1.5B | +72.2% |
| 2001 | $1.4B | -11.4% |
| 2002 | $1.5B | +11.0% |
| 2003 | $1.5B | +2.9% |
| 2004 | $2.1B | +34.4% |
| 2005 | $3.1B | +50.1% |
| 2006 | $3.3B | +5.8% |
| 2007 | $3.9B | +17.2% |
| 2008 | $4.5B | +15.3% |
| 2009 | $2.7B | -40.3% |
| 2010 | $3.9B | +44.9% |
| 2011 | $5.0B | +30.5% |
| 2012 | $7.1B | +41.2% |
| 2013 | $7.0B | -1.4% |
| 2014 | $6.0B | -14.7% |
| 2015 | $3.5B | -41.9% |
| 2016 | $3.5B | +0.3% |
| 2017 | $4.4B | +25.0% |
| 2018 | $5.3B | +22.1% |
| 2019 | $4.5B | -15.7% |
| 2020 | $3.3B | -26.6% |
| 2021 | $4.7B | +42.5% |
| 2022 | $5.4B | +14.7% |
| 2023 | $5.2B | -3.1% |
| 2024 | $5.6B | +7.8% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Mexico to Indonesia + Timor-Leste | HS 100199 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-idn-100199) |
| Mexico to Azerbaijan | HS 710813 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-aze-710813) |
| Mexico to AUS | HS 300215 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-aus-300215) |
| Mexico to GBR | HS 440131 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-gbr-440131) |
| Mexico to Poland | HS 880240 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-pol-880240) |
| Mexico to Japan | HS 290919 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-jpn-290919) |
| Mexico to Italy | HS 300220 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-ita-300220) |
| Mexico to KOR | HS 890120 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mex-kor-890120) |

## 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.