# NAM to Spain HS 850422 new corridor signal

This page reviews a reported new-corridor signal for electrical transformers: liquid dielectric, having a power handling capacity exceeding 650kva but not exceeding 10,000kva. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 73/100
- Reported period: 2024
- Buyer market imports: $323.0M
- Buyer market growth: +37.2%
- Current exporter share: 0.0%
- Share gap: 37.6%

## 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: $323.0M
- Three-year buyer-import projection: $487.5M
- Supplier countries observed: 29
- Average buyer imports: $47.9M
- Historical buyer-import peak: $323.0M
- Full-history buyer-import CAGR: +14.7%
- Latest buyer-import annual change: +37.2%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 37.6%
- Market concentration: 2,202
- Exporter share: 0.0%
- Share gap to peer benchmark: 37.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 7,334 km
- Trade agreement: Not reported
- Business entry time: 12.5 days
- Shared spoken language score: 0

## 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 | $4.5K | +0.0% |

## Broader route context

Broader NAM to Spain route exports provide route context only; they are not presented as HS 850422 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 2000 | $155.5M | +0.0% |
| 2001 | $193.5M | +24.4% |
| 2002 | $158.1M | -18.3% |
| 2003 | $189.6M | +20.0% |
| 2004 | $213.0M | +12.3% |
| 2005 | $194.6M | -8.6% |
| 2006 | $187.1M | -3.9% |
| 2007 | $223.9M | +19.7% |
| 2008 | $231.5M | +3.4% |
| 2009 | $244.2M | +5.5% |
| 2010 | $246.8M | +1.1% |
| 2011 | $248.5M | +0.7% |
| 2012 | $242.6M | -2.4% |
| 2013 | $225.6M | -7.0% |
| 2014 | $264.0M | +17.0% |
| 2015 | $212.6M | -19.5% |
| 2016 | $207.4M | -2.5% |
| 2017 | $236.3M | +13.9% |
| 2018 | $285.7M | +20.9% |
| 2019 | $298.7M | +4.5% |
| 2020 | $252.0M | -15.6% |
| 2021 | $270.1M | +7.2% |
| 2022 | $271.4M | +0.5% |
| 2023 | $281.6M | +3.7% |
| 2024 | $305.3M | +8.4% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| NAM to Mexico | HS 271019 | New corridor | $13.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-mex-271019) |
| NAM to Germany | HS 870380 | New corridor | $7.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-deu-870380) |
| NAM to CHN | HS 870840 | New corridor | $7.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-chn-870840) |
| NAM to France | HS 841191 | New corridor | $6.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-fra-841191) |
| NAM to Ukraine | HS 271019 | New corridor | $5.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-ukr-271019) |
| NAM to GBR | HS 271111 | New corridor | $3.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-gbr-271111) |
| NAM to Indonesia + Timor-Leste | HS 851770 | New corridor | $2.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-idn-851770) |
| NAM to GBR | HS 382499 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nam-gbr-382499) |

## 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.