# Marshall Islands to KOR HS 850450 new corridor signal

This page reviews a reported new-corridor signal for electrical inductors: n.e.c. in heading no. 8504. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 57/100
- Reported period: 2024
- Buyer market imports: $603.0M
- Buyer market growth: +5.9%
- Current exporter share: 0.0%
- Share gap: 36.6%

## 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: $603.0M
- Three-year buyer-import projection: $759.1M
- Supplier countries observed: 65
- Average buyer imports: $294.4M
- Historical buyer-import peak: $654.8M
- Full-history buyer-import CAGR: +8.0%
- Latest buyer-import annual change: +5.9%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 36.6%
- Market concentration: 2,209
- Exporter share: 0.0%
- Share gap to peer benchmark: 36.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 5,587 km
- Trade agreement: Not reported
- Business entry time: 8 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $34.8K
- GDP per-person growth: +8.6%
- Population: 51,745k
- GDP: $1.8T
- GDP five-year CAGR: Not reported
- Investment rate: 32.1%
- Savings rate: 33.9%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $669.9 | +0.0% |

## Broader route context

Broader Marshall Islands to KOR route exports provide route context only; they are not presented as HS 850450 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $3.2K | +0.0% |
| 1996 | $21.8K | +588.5% |
| 1997 | $24.4K | +12.2% |
| 1998 | $14.6K | -40.1% |
| 1999 | $57.0K | +289.5% |
| 2000 | $28.3K | -50.3% |
| 2001 | $128.0K | +352.1% |
| 2002 | $223.4K | +74.5% |
| 2003 | $452.9K | +102.7% |
| 2004 | $103.0K | -77.3% |
| 2005 | $97.2K | -5.6% |
| 2006 | $98.3K | +1.1% |
| 2007 | $43.5K | -55.7% |
| 2008 | $8.4K | -80.7% |
| 2009 | $36.1M | +430620.5% |
| 2010 | $916.3K | -97.5% |
| 2011 | $53.3M | +5720.1% |
| 2012 | $108.4M | +103.3% |
| 2013 | $169.6M | +56.4% |
| 2014 | $57.7M | -66.0% |
| 2015 | $25.6M | -55.7% |
| 2016 | $121.7M | +376.1% |
| 2017 | $25.1M | -79.4% |
| 2018 | $135.3M | +440.1% |
| 2019 | $135.8M | +0.3% |
| 2020 | $867.5K | -99.4% |
| 2021 | $265.1M | +30465.7% |
| 2022 | $26.5M | -90.0% |
| 2023 | $476.8K | -98.2% |
| 2024 | $54.2M | +11263.5% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Marshall Islands to NLD | HS 271019 | New corridor | $26.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-nld-271019) |
| Marshall Islands to Germany | HS 853710 | New corridor | $10.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-deu-853710) |
| Marshall Islands to Japan | HS 271019 | New corridor | $4.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-jpn-271019) |
| Marshall Islands to KOR | HS 853400 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-kor-853400) |
| Marshall Islands to USA, Puerto Rico and US Virgin Islands | HS 850110 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-usa-850110) |
| Marshall Islands to NLD | HS 210690 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-nld-210690) |
| Marshall Islands to Japan | HS 854370 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-jpn-854370) |
| Marshall Islands to USA, Puerto Rico and US Virgin Islands | HS 401699 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/mhl-usa-401699) |

## 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.