{
  "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/nic-are-940540",
  "seo": {
    "title": "NIC to ARE new corridor | HS 940540 | Yugalinks",
    "description": "Reported new-corridor signal for NIC to ARE in lamps and light fittings (HS 940540), with market demand, growth, share, competition, access, and evidence.",
    "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": "NIC-ARE-HS 940540",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/nic-are-940540"
    }
  ],
  "exporter": {
    "iso3": "NIC",
    "country_name": "NIC"
  },
  "importer": {
    "iso3": "ARE",
    "country_name": "ARE"
  },
  "hsCode": "940540",
  "product": "Lamps and light fittings: electric, n.e.s. in heading no. 9405",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "NIC",
    "importer_iso3": "ARE",
    "hs_code": "940540",
    "your_market_share_pct": 0.0005168105933732117,
    "your_share_change_pp": 0.0005168105933732117,
    "market_imports_usd": 469947004.11634487,
    "market_yoy_growth_pct": 6.058896175972572,
    "market_cagr_3y_pct": 7.291687,
    "top_supplier_iso3": "CHN",
    "top_supplier_share_pct": 71.1066437989586,
    "your_share_gap_pp": 71.10612698836523,
    "num_suppliers": 90,
    "market_hhi": 5146.289007770038,
    "volatility_mean_usd": 2428.7359005133135,
    "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": 67.71118141284697
  },
  "market": {
    "exporter_iso3": "NIC",
    "importer_iso3": "ARE",
    "hs_code": "940540",
    "hs_description": "Lamps and light fittings: electric, n.e.s. in heading no. 9405",
    "hs_chapter": "94",
    "hs_heading": "9405",
    "price_range_label": "Low price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -3.9874959,
    "buyer_imports_latest_usd": 469947004.11634487,
    "buyer_imports_avg_usd": 228656838.83765212,
    "buyer_imports_peak_usd": 475125956.0641645,
    "buyer_cagr_full_pct": 9.6183,
    "buyer_yoy_avg_pct": 11.7932,
    "buyer_yoy_latest_pct": 6.0589,
    "buyer_trend_consistency_pct": 68.9655,
    "buyer_imports_proj_3y_usd": 619009740.34,
    "buyer_imports_proj_5y_usd": 743812058.1,
    "buyer_gdp_mn_latest": 358868.765175,
    "buyer_gdp_pc_latest": 36285,
    "buyer_population_latest": 9991.083,
    "buyer_investment_rate": 26.35,
    "buyer_savings_rate": 61.51,
    "buyer_edu_secondary": 74.48,
    "buyer_gdp_mn_2030_proj": 415110.49,
    "buyer_gdp_pc_2030_proj": 40333.53,
    "buyer_gdp_pc_growth_pct": 11.16,
    "buyer_gdp_mn_growth_pct": 15.67,
    "buyer_pop_growth_pct": 4.06,
    "exports_latest_usd": 2428.7359005133135,
    "exports_avg_usd": 2428.7359005133135,
    "exports_peak_usd": 2428.7359005133135,
    "share_latest_pct": 0.0005168105933732116,
    "share_avg_pct": 0.0005168105933732116,
    "share_peak_pct": 0.0005168105933732116,
    "share_change_1y_pp": 0.0005168105933732116,
    "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": 71.1061,
    "addressable_proj_3y_usd": 440153852.04,
    "addressable_proj_5y_usd": 528895946.59,
    "peer_best_share_pct": 71.1066437989586,
    "peer_top_exporter": "CHN",
    "num_suppliers_latest": 90,
    "buyer_herfindahl_index": 5146.29,
    "distance_km": 14136.875,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 3.8,
    "shared_legal_system": 0,
    "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": "NIC",
    "importer_iso3": "ARE",
    "hs_code": "940540"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 2428.7359005133135,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1997,
      "export_value_usd": 10738.999999999998,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "export_value_usd": 9746.319189636171,
      "yoy_growth_pct": -9.243698764911324,
      "cagr_3y_pct": null
    },
    {
      "year": 1999,
      "export_value_usd": 480723.455460723,
      "yoy_growth_pct": 4832.359038393738,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "export_value_usd": 130603.59095404748,
      "yoy_growth_pct": -72.83186633178163,
      "cagr_3y_pct": 129.9660674295307
    },
    {
      "year": 2001,
      "export_value_usd": 84443.18028335061,
      "yoy_growth_pct": -35.34390619239427,
      "cagr_3y_pct": 105.38780345436388
    },
    {
      "year": 2002,
      "export_value_usd": 139108.94965267627,
      "yoy_growth_pct": 64.73674864671568,
      "cagr_3y_pct": -33.856589209569464
    },
    {
      "year": 2003,
      "export_value_usd": 634190.1320388934,
      "yoy_growth_pct": 355.89455863359143,
      "cagr_3y_pct": 69.33814084452645
    },
    {
      "year": 2004,
      "export_value_usd": 862729.0288867817,
      "yoy_growth_pct": 36.03633757484459,
      "cagr_3y_pct": 116.98844623182438
    },
    {
      "year": 2005,
      "export_value_usd": 781231.3752259349,
      "yoy_growth_pct": -9.446494893768309,
      "cagr_3y_pct": 77.74942387806338
    },
    {
      "year": 2006,
      "export_value_usd": 2006177.5439019457,
      "yoy_growth_pct": 156.79684758203064,
      "cagr_3y_pct": 46.79681340666184
    },
    {
      "year": 2007,
      "export_value_usd": 1468164.0121560867,
      "yoy_growth_pct": -26.81784238793947,
      "cagr_3y_pct": 19.389661543119363
    },
    {
      "year": 2008,
      "export_value_usd": 2712430.289858719,
      "yoy_growth_pct": 84.74981455752703,
      "cagr_3y_pct": 51.42339168499388
    },
    {
      "year": 2009,
      "export_value_usd": 2299065.663522125,
      "yoy_growth_pct": -15.239640549734624,
      "cagr_3y_pct": 4.6471335495522625
    },
    {
      "year": 2010,
      "export_value_usd": 2788115.609089986,
      "yoy_growth_pct": 21.27168237633741,
      "cagr_3y_pct": 23.835568188329106
    },
    {
      "year": 2011,
      "export_value_usd": 3168423.7197605786,
      "yoy_growth_pct": 13.640327877032377,
      "cagr_3y_pct": 5.316129563498029
    },
    {
      "year": 2012,
      "export_value_usd": 5450763.410941996,
      "yoy_growth_pct": 72.03391632713448,
      "cagr_3y_pct": 33.34251808360496
    },
    {
      "year": 2013,
      "export_value_usd": 3368509.1985858954,
      "yoy_growth_pct": -38.20114826807806,
      "cagr_3y_pct": 6.50638720893133
    },
    {
      "year": 2014,
      "export_value_usd": 3781127.7531959587,
      "yoy_growth_pct": 12.249292796447797,
      "cagr_3y_pct": 6.070031644941043
    },
    {
      "year": 2015,
      "export_value_usd": 5379194.693111008,
      "yoy_growth_pct": 42.26429372994076,
      "cagr_3y_pct": -0.4395974823286797
    },
    {
      "year": 2016,
      "export_value_usd": 5510509.545394644,
      "yoy_growth_pct": 2.4411619168907883,
      "cagr_3y_pct": 17.82876899615338
    },
    {
      "year": 2017,
      "export_value_usd": 6926775.343807344,
      "yoy_growth_pct": 25.701176755901468,
      "cagr_3y_pct": 22.35918729283155
    },
    {
      "year": 2018,
      "export_value_usd": 5597867.3067807425,
      "yoy_growth_pct": -19.185089324640337,
      "cagr_3y_pct": 1.3370938562406343
    },
    {
      "year": 2019,
      "export_value_usd": 8079996.79561495,
      "yoy_growth_pct": 44.34062747124399,
      "cagr_3y_pct": 13.607362264018953
    },
    {
      "year": 2020,
      "export_value_usd": 8492486.33080911,
      "yoy_growth_pct": 5.105070529458877,
      "cagr_3y_pct": 7.028946684162185
    },
    {
      "year": 2021,
      "export_value_usd": 20743530.617663313,
      "yoy_growth_pct": 144.25745075867553,
      "cagr_3y_pct": 54.746211598373584
    },
    {
      "year": 2022,
      "export_value_usd": 15105019.748603266,
      "yoy_growth_pct": -27.182021098466247,
      "cagr_3y_pct": 23.188462900262174
    },
    {
      "year": 2023,
      "export_value_usd": 13714913.576865826,
      "yoy_growth_pct": -9.202941769513284,
      "cagr_3y_pct": 17.323787039523353
    },
    {
      "year": 2024,
      "export_value_usd": 12648280.339835726,
      "yoy_growth_pct": -7.777177967998905,
      "cagr_3y_pct": -15.202522101438298
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "SGP",
      "hs_code": "848620",
      "your_market_share_pct": 0.0004022954073511541,
      "your_share_change_pp": 0.0004022954073511541,
      "market_imports_usd": 3295914519.7227654,
      "market_yoy_growth_pct": 26.73186927318345,
      "market_cagr_3y_pct": 7.048691,
      "top_supplier_iso3": "MYS",
      "top_supplier_share_pct": 29.698802238003225,
      "your_share_gap_pp": 29.698399942595874,
      "num_suppliers": 34,
      "market_hhi": 1816.2482795956294,
      "volatility_mean_usd": 13259.312743064533,
      "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": 82.4510753395734,
      "exporter_name": "NIC",
      "importer_name": "SGP",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "MHL",
      "hs_code": "271019",
      "your_market_share_pct": 7.577863737752731e-7,
      "your_share_change_pp": 7.577863737752731e-7,
      "market_imports_usd": 2480910273.740982,
      "market_yoy_growth_pct": 18.754812328528693,
      "market_cagr_3y_pct": 15.656384,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 60.32291884314422,
      "your_share_gap_pp": 60.32291808535785,
      "num_suppliers": 33,
      "market_hhi": 3952.0366964856967,
      "volatility_mean_usd": 18.79999999999999,
      "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": 25.93330380523062,
      "exporter_name": "NIC",
      "importer_name": "Marshall Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "TGO",
      "hs_code": "271019",
      "your_market_share_pct": 0.000046530701617130744,
      "your_share_change_pp": 0.000046530701617130744,
      "market_imports_usd": 2427909037.8187633,
      "market_yoy_growth_pct": -38.976909417795625,
      "market_cagr_3y_pct": -12.060853,
      "top_supplier_iso3": "IND",
      "top_supplier_share_pct": 75.30082177715656,
      "your_share_gap_pp": 75.30077524645493,
      "num_suppliers": 47,
      "market_hhi": 5808.092471983012,
      "volatility_mean_usd": 1129.7231099227988,
      "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": 61.06712536897806,
      "exporter_name": "NIC",
      "importer_name": "Togo",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "ESP",
      "hs_code": "870421",
      "your_market_share_pct": 0.00017807831180217146,
      "your_share_change_pp": 0.00017807831180217146,
      "market_imports_usd": 2280509555.5073647,
      "market_yoy_growth_pct": -7.129636784296078,
      "market_cagr_3y_pct": 21.597947,
      "top_supplier_iso3": "ZAF",
      "top_supplier_share_pct": 16.540939815863197,
      "your_share_gap_pp": 16.540761737551396,
      "num_suppliers": 40,
      "market_hhi": 1102.249778298745,
      "volatility_mean_usd": 4061.0929169347187,
      "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": 72.17499706601632,
      "exporter_name": "NIC",
      "importer_name": "Spain",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "CHN",
      "hs_code": "260400",
      "your_market_share_pct": 0.000006974101238718096,
      "your_share_change_pp": 0.000006974101238718096,
      "market_imports_usd": 2189672988.456637,
      "market_yoy_growth_pct": -15.385045939722053,
      "market_cagr_3y_pct": -12.275327,
      "top_supplier_iso3": "PHL",
      "top_supplier_share_pct": 50.56935507651804,
      "your_share_gap_pp": 50.569348102416804,
      "num_suppliers": 24,
      "market_hhi": 2902.4115716067463,
      "volatility_mean_usd": 152.71001101182986,
      "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": 43.73404307356171,
      "exporter_name": "NIC",
      "importer_name": "CHN",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "ITA",
      "hs_code": "711319",
      "your_market_share_pct": 0.0025887745850662535,
      "your_share_change_pp": 0.0025887745850662535,
      "market_imports_usd": 2122253481.6621742,
      "market_yoy_growth_pct": -12.798862589413174,
      "market_cagr_3y_pct": 5.01706,
      "top_supplier_iso3": "FRA",
      "top_supplier_share_pct": 28.07762230727928,
      "your_share_gap_pp": 28.075033532694214,
      "num_suppliers": 98,
      "market_hhi": 1341.8215316255519,
      "volatility_mean_usd": 54940.35876395407,
      "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": 94.79798791653994,
      "exporter_name": "NIC",
      "importer_name": "Italy",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "BEL",
      "hs_code": "850760",
      "your_market_share_pct": 3.594787635618286e-7,
      "your_share_change_pp": 3.594787635618286e-7,
      "market_imports_usd": 1722057608.6118774,
      "market_yoy_growth_pct": -52.86468687866975,
      "market_cagr_3y_pct": 8.472652,
      "top_supplier_iso3": "CHN",
      "top_supplier_share_pct": 34.949039399326466,
      "your_share_gap_pp": 34.949039039847705,
      "num_suppliers": 61,
      "market_hhi": 2145.9021681356844,
      "volatility_mean_usd": 6.19043139926037,
      "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": 17.135098944508503,
      "exporter_name": "NIC",
      "importer_name": "Belgium",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "NIC",
      "importer_iso3": "GBR",
      "hs_code": "760612",
      "your_market_share_pct": 0.00016191321710213195,
      "your_share_change_pp": 0.00016191321710213195,
      "market_imports_usd": 1669045373.0749614,
      "market_yoy_growth_pct": 2.0284593105259763,
      "market_cagr_3y_pct": 5.327706,
      "top_supplier_iso3": "DEU",
      "top_supplier_share_pct": 56.324111262742306,
      "your_share_gap_pp": 56.32394934952521,
      "num_suppliers": 57,
      "market_hhi": 3423.896082025614,
      "volatility_mean_usd": 2702.40505843995,
      "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": 68.63822244165323,
      "exporter_name": "NIC",
      "importer_name": "GBR",
      "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": "ARE",
        "imports": "$469.9M",
        "year": 2024,
        "annualChange": "+6.1%"
      },
      "exporterPosition": {
        "exporter": "NIC",
        "routeExports": "$2.4K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "68/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$469.9M",
      "projectionThreeYears": "$619.0M",
      "supplierCount": "90",
      "averageImports": "$228.7M",
      "historicalPeak": "$475.1M",
      "fullHistoryGrowth": "+9.6%",
      "latestAnnualChange": "+6.1%"
    },
    "competition": {
      "topSupplier": {
        "country": "CHN",
        "iso3": "CHN",
        "share": "71.1%"
      },
      "marketConcentrationHhi": "5,146",
      "exporterShare": "0.0%",
      "shareGap": "71.1%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "14,137 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "3.8 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$36.3K",
      "gdpPerPersonGrowth": "+11.2%",
      "populationThousands": "9,991",
      "gdp": "$358.9B",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "26.4%",
      "savingsRate": "61.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 2428.7359005133135,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1997,
          "export_value_usd": 10738.999999999998,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 1998,
          "export_value_usd": 9746.319189636171,
          "yoy_growth_pct": -9.243698764911324,
          "cagr_3y_pct": null
        },
        {
          "year": 1999,
          "export_value_usd": 480723.455460723,
          "yoy_growth_pct": 4832.359038393738,
          "cagr_3y_pct": null
        },
        {
          "year": 2000,
          "export_value_usd": 130603.59095404748,
          "yoy_growth_pct": -72.83186633178163,
          "cagr_3y_pct": 129.9660674295307
        },
        {
          "year": 2001,
          "export_value_usd": 84443.18028335061,
          "yoy_growth_pct": -35.34390619239427,
          "cagr_3y_pct": 105.38780345436388
        },
        {
          "year": 2002,
          "export_value_usd": 139108.94965267627,
          "yoy_growth_pct": 64.73674864671568,
          "cagr_3y_pct": -33.856589209569464
        },
        {
          "year": 2003,
          "export_value_usd": 634190.1320388934,
          "yoy_growth_pct": 355.89455863359143,
          "cagr_3y_pct": 69.33814084452645
        },
        {
          "year": 2004,
          "export_value_usd": 862729.0288867817,
          "yoy_growth_pct": 36.03633757484459,
          "cagr_3y_pct": 116.98844623182438
        },
        {
          "year": 2005,
          "export_value_usd": 781231.3752259349,
          "yoy_growth_pct": -9.446494893768309,
          "cagr_3y_pct": 77.74942387806338
        },
        {
          "year": 2006,
          "export_value_usd": 2006177.5439019457,
          "yoy_growth_pct": 156.79684758203064,
          "cagr_3y_pct": 46.79681340666184
        },
        {
          "year": 2007,
          "export_value_usd": 1468164.0121560867,
          "yoy_growth_pct": -26.81784238793947,
          "cagr_3y_pct": 19.389661543119363
        },
        {
          "year": 2008,
          "export_value_usd": 2712430.289858719,
          "yoy_growth_pct": 84.74981455752703,
          "cagr_3y_pct": 51.42339168499388
        },
        {
          "year": 2009,
          "export_value_usd": 2299065.663522125,
          "yoy_growth_pct": -15.239640549734624,
          "cagr_3y_pct": 4.6471335495522625
        },
        {
          "year": 2010,
          "export_value_usd": 2788115.609089986,
          "yoy_growth_pct": 21.27168237633741,
          "cagr_3y_pct": 23.835568188329106
        },
        {
          "year": 2011,
          "export_value_usd": 3168423.7197605786,
          "yoy_growth_pct": 13.640327877032377,
          "cagr_3y_pct": 5.316129563498029
        },
        {
          "year": 2012,
          "export_value_usd": 5450763.410941996,
          "yoy_growth_pct": 72.03391632713448,
          "cagr_3y_pct": 33.34251808360496
        },
        {
          "year": 2013,
          "export_value_usd": 3368509.1985858954,
          "yoy_growth_pct": -38.20114826807806,
          "cagr_3y_pct": 6.50638720893133
        },
        {
          "year": 2014,
          "export_value_usd": 3781127.7531959587,
          "yoy_growth_pct": 12.249292796447797,
          "cagr_3y_pct": 6.070031644941043
        },
        {
          "year": 2015,
          "export_value_usd": 5379194.693111008,
          "yoy_growth_pct": 42.26429372994076,
          "cagr_3y_pct": -0.4395974823286797
        },
        {
          "year": 2016,
          "export_value_usd": 5510509.545394644,
          "yoy_growth_pct": 2.4411619168907883,
          "cagr_3y_pct": 17.82876899615338
        },
        {
          "year": 2017,
          "export_value_usd": 6926775.343807344,
          "yoy_growth_pct": 25.701176755901468,
          "cagr_3y_pct": 22.35918729283155
        },
        {
          "year": 2018,
          "export_value_usd": 5597867.3067807425,
          "yoy_growth_pct": -19.185089324640337,
          "cagr_3y_pct": 1.3370938562406343
        },
        {
          "year": 2019,
          "export_value_usd": 8079996.79561495,
          "yoy_growth_pct": 44.34062747124399,
          "cagr_3y_pct": 13.607362264018953
        },
        {
          "year": 2020,
          "export_value_usd": 8492486.33080911,
          "yoy_growth_pct": 5.105070529458877,
          "cagr_3y_pct": 7.028946684162185
        },
        {
          "year": 2021,
          "export_value_usd": 20743530.617663313,
          "yoy_growth_pct": 144.25745075867553,
          "cagr_3y_pct": 54.746211598373584
        },
        {
          "year": 2022,
          "export_value_usd": 15105019.748603266,
          "yoy_growth_pct": -27.182021098466247,
          "cagr_3y_pct": 23.188462900262174
        },
        {
          "year": 2023,
          "export_value_usd": 13714913.576865826,
          "yoy_growth_pct": -9.202941769513284,
          "cagr_3y_pct": 17.323787039523353
        },
        {
          "year": 2024,
          "export_value_usd": 12648280.339835726,
          "yoy_growth_pct": -7.777177967998905,
          "cagr_3y_pct": -15.202522101438298
        }
      ],
      "routeHistoryScope": "Broader NIC to ARE route exports, not only HS 940540."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "SGP",
        "hs_code": "848620",
        "your_market_share_pct": 0.0004022954073511541,
        "your_share_change_pp": 0.0004022954073511541,
        "market_imports_usd": 3295914519.7227654,
        "market_yoy_growth_pct": 26.73186927318345,
        "market_cagr_3y_pct": 7.048691,
        "top_supplier_iso3": "MYS",
        "top_supplier_share_pct": 29.698802238003225,
        "your_share_gap_pp": 29.698399942595874,
        "num_suppliers": 34,
        "market_hhi": 1816.2482795956294,
        "volatility_mean_usd": 13259.312743064533,
        "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": 82.4510753395734,
        "exporter_name": "NIC",
        "importer_name": "SGP",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-sgp-848620"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "MHL",
        "hs_code": "271019",
        "your_market_share_pct": 7.577863737752731e-7,
        "your_share_change_pp": 7.577863737752731e-7,
        "market_imports_usd": 2480910273.740982,
        "market_yoy_growth_pct": 18.754812328528693,
        "market_cagr_3y_pct": 15.656384,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 60.32291884314422,
        "your_share_gap_pp": 60.32291808535785,
        "num_suppliers": 33,
        "market_hhi": 3952.0366964856967,
        "volatility_mean_usd": 18.79999999999999,
        "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": 25.93330380523062,
        "exporter_name": "NIC",
        "importer_name": "Marshall Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-mhl-271019"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "TGO",
        "hs_code": "271019",
        "your_market_share_pct": 0.000046530701617130744,
        "your_share_change_pp": 0.000046530701617130744,
        "market_imports_usd": 2427909037.8187633,
        "market_yoy_growth_pct": -38.976909417795625,
        "market_cagr_3y_pct": -12.060853,
        "top_supplier_iso3": "IND",
        "top_supplier_share_pct": 75.30082177715656,
        "your_share_gap_pp": 75.30077524645493,
        "num_suppliers": 47,
        "market_hhi": 5808.092471983012,
        "volatility_mean_usd": 1129.7231099227988,
        "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": 61.06712536897806,
        "exporter_name": "NIC",
        "importer_name": "Togo",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-tgo-271019"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "ESP",
        "hs_code": "870421",
        "your_market_share_pct": 0.00017807831180217146,
        "your_share_change_pp": 0.00017807831180217146,
        "market_imports_usd": 2280509555.5073647,
        "market_yoy_growth_pct": -7.129636784296078,
        "market_cagr_3y_pct": 21.597947,
        "top_supplier_iso3": "ZAF",
        "top_supplier_share_pct": 16.540939815863197,
        "your_share_gap_pp": 16.540761737551396,
        "num_suppliers": 40,
        "market_hhi": 1102.249778298745,
        "volatility_mean_usd": 4061.0929169347187,
        "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": 72.17499706601632,
        "exporter_name": "NIC",
        "importer_name": "Spain",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "CHN",
        "hs_code": "260400",
        "your_market_share_pct": 0.000006974101238718096,
        "your_share_change_pp": 0.000006974101238718096,
        "market_imports_usd": 2189672988.456637,
        "market_yoy_growth_pct": -15.385045939722053,
        "market_cagr_3y_pct": -12.275327,
        "top_supplier_iso3": "PHL",
        "top_supplier_share_pct": 50.56935507651804,
        "your_share_gap_pp": 50.569348102416804,
        "num_suppliers": 24,
        "market_hhi": 2902.4115716067463,
        "volatility_mean_usd": 152.71001101182986,
        "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": 43.73404307356171,
        "exporter_name": "NIC",
        "importer_name": "CHN",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-chn-260400"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "ITA",
        "hs_code": "711319",
        "your_market_share_pct": 0.0025887745850662535,
        "your_share_change_pp": 0.0025887745850662535,
        "market_imports_usd": 2122253481.6621742,
        "market_yoy_growth_pct": -12.798862589413174,
        "market_cagr_3y_pct": 5.01706,
        "top_supplier_iso3": "FRA",
        "top_supplier_share_pct": 28.07762230727928,
        "your_share_gap_pp": 28.075033532694214,
        "num_suppliers": 98,
        "market_hhi": 1341.8215316255519,
        "volatility_mean_usd": 54940.35876395407,
        "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": 94.79798791653994,
        "exporter_name": "NIC",
        "importer_name": "Italy",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-ita-711319"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "BEL",
        "hs_code": "850760",
        "your_market_share_pct": 3.594787635618286e-7,
        "your_share_change_pp": 3.594787635618286e-7,
        "market_imports_usd": 1722057608.6118774,
        "market_yoy_growth_pct": -52.86468687866975,
        "market_cagr_3y_pct": 8.472652,
        "top_supplier_iso3": "CHN",
        "top_supplier_share_pct": 34.949039399326466,
        "your_share_gap_pp": 34.949039039847705,
        "num_suppliers": 61,
        "market_hhi": 2145.9021681356844,
        "volatility_mean_usd": 6.19043139926037,
        "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": 17.135098944508503,
        "exporter_name": "NIC",
        "importer_name": "Belgium",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-bel-850760"
      },
      {
        "year": 2024,
        "exporter_iso3": "NIC",
        "importer_iso3": "GBR",
        "hs_code": "760612",
        "your_market_share_pct": 0.00016191321710213195,
        "your_share_change_pp": 0.00016191321710213195,
        "market_imports_usd": 1669045373.0749614,
        "market_yoy_growth_pct": 2.0284593105259763,
        "market_cagr_3y_pct": 5.327706,
        "top_supplier_iso3": "DEU",
        "top_supplier_share_pct": 56.324111262742306,
        "your_share_gap_pp": 56.32394934952521,
        "num_suppliers": 57,
        "market_hhi": 3423.896082025614,
        "volatility_mean_usd": 2702.40505843995,
        "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": 68.63822244165323,
        "exporter_name": "NIC",
        "importer_name": "GBR",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-gbr-760612"
      }
    ],
    "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/940540",
    "workspace": "https://www.yugalinks.com/app?hs=940540",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/nic-are-940540/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/nic-are-940540/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/nic-are-940540/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": "2026-09-02T11:44:50.667Z"
}