# Mexico to LUX 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: 100/100
- Reported period: 2024
- Buyer market imports: $493.8M
- Buyer market growth: +9.4%
- Current exporter share: 0.9%
- Share gap: 41.9%

## 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: $493.8M
- Three-year buyer-import projection: $964.4M
- Supplier countries observed: 27
- Average buyer imports: $60.5M
- Historical buyer-import peak: $493.8M
- Full-history buyer-import CAGR: +44.1%
- Latest buyer-import annual change: +9.4%

## Competition landscape

- Top supplier: Belgium
- Top supplier share: 42.8%
- Market concentration: 3,058
- Exporter share: 0.9%
- Share gap to peer benchmark: 41.9%

## Access profile

- Applied tariff: 1.5%
- MFN tariff: 4.3%
- Preferential tariff: 1.3%
- Approximate distance: 9,431 km
- Trade agreement: Reported yes
- Business entry time: 16.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $135.7K
- GDP per-person growth: +7.0%
- Population: 639k
- GDP: $86.7B
- GDP five-year CAGR: +5.9%
- Investment rate: 22.0%
- Savings rate: 54.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $4.3M | +0.0% |

## Broader route context

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

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1999 | $3.1M | +0.0% |
| 2000 | $2.9M | -6.9% |
| 2001 | $2.9M | -0.2% |
| 2002 | $1.6M | -45.7% |
| 2003 | $2.4M | +50.1% |
| 2004 | $16.3M | +588.2% |
| 2005 | $2.6M | -84.2% |
| 2006 | $6.3M | +145.7% |
| 2007 | $5.2M | -18.1% |
| 2008 | $27.9M | +439.1% |
| 2009 | $7.0M | -74.8% |
| 2010 | $12.6M | +79.6% |
| 2011 | $13.5M | +6.9% |
| 2012 | $21.9M | +62.1% |
| 2013 | $26.1M | +19.3% |
| 2014 | $26.6M | +1.9% |
| 2015 | $34.6M | +29.9% |
| 2016 | $18.2M | -47.3% |
| 2017 | $73.7M | +304.4% |
| 2018 | $30.3M | -58.9% |
| 2019 | $41.7M | +37.8% |
| 2020 | $30.2M | -27.6% |
| 2021 | $34.2M | +13.1% |
| 2022 | $33.5M | -1.9% |
| 2023 | $23.6M | -29.5% |
| 2024 | $29.6M | +25.1% |

## 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.