{ "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-esp-870421", "seo": { "title": "NIC to Spain new corridor | HS 870421 | Yugalinks", "description": "Reported new-corridor signal for NIC to Spain in vehicles (HS 870421), 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-ESP-HS 870421", "url": "https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421" } ], "exporter": { "iso3": "NIC", "country_name": "NIC" }, "importer": { "iso3": "ESP", "country_name": "Spain" }, "hsCode": "870421", "product": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1", "latestYear": 2024, "signal": { "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 }, "market": { "exporter_iso3": "NIC", "importer_iso3": "ESP", "hs_code": "870421", "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1", "hs_chapter": "87", "hs_heading": "8704", "price_range_label": "Medium price range", "trade_type_label": "One-way trade", "substitution_elasticity": -15.250372, "buyer_imports_latest_usd": 2280509555.5073643, "buyer_imports_avg_usd": 1168751826.1078858, "buyer_imports_peak_usd": 2455583758.416637, "buyer_cagr_full_pct": 5.6132, "buyer_yoy_avg_pct": 10.894, "buyer_yoy_latest_pct": -7.1296, "buyer_trend_consistency_pct": 68.9655, "buyer_imports_proj_3y_usd": 2686500877.46, "buyer_imports_proj_5y_usd": 2996565076.46, "buyer_gdp_mn_latest": 1425276.586283, "buyer_gdp_pc_latest": 30116, "buyer_population_latest": 47326.687, "buyer_investment_rate": 24.25, "buyer_savings_rate": 21.99, "buyer_edu_secondary": 88.05, "buyer_gdp_mn_2030_proj": 1440206.01, "buyer_gdp_pc_2030_proj": 30695.11, "buyer_gdp_pc_growth_pct": 1.92, "buyer_gdp_mn_growth_pct": 1.05, "buyer_pop_growth_pct": -0.86, "exports_latest_usd": 4061.0929169347187, "exports_avg_usd": 4061.0929169347187, "exports_peak_usd": 4061.0929169347187, "share_latest_pct": 0.00017807831180217143, "share_avg_pct": 0.00017807831180217143, "share_peak_pct": 0.00017807831180217143, "share_change_1y_pp": 0.00017807831180217143, "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": 16.5408, "addressable_proj_3y_usd": 444367709.22, "addressable_proj_5y_usd": 495654689.61, "peer_best_share_pct": 16.540939815863197, "peer_top_exporter": "ZAF", "num_suppliers_latest": 40, "buyer_herfindahl_index": 1102.25, "distance_km": 8523.87109375, "shares_official_language": 1, "common_spoken_language_score": 0.9603000283241272, "has_wto_reported_fta": 1, "buyer_is_eu_member": 1, "buyer_biz_entry_days": 12.5, "shared_legal_system": 1, "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": "ESP", "hs_code": "870421" }, "productHistory": [ { "year": 2024, "export_value_usd": 4061.0929169347187, "yoy_growth_pct": null, "cagr_3y_pct": null } ], "routeHistory": [ { "year": 1995, "export_value_usd": 17205006.083698682, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "export_value_usd": 19436789.493472423, "yoy_growth_pct": 12.971709506620277, "cagr_3y_pct": null }, { "year": 1997, "export_value_usd": 20970006.640230786, "yoy_growth_pct": 7.888222215264884, "cagr_3y_pct": null }, { "year": 1998, "export_value_usd": 25392141.40516182, "yoy_growth_pct": 21.087903503316994, "cagr_3y_pct": 13.853966612202662 }, { "year": 1999, "export_value_usd": 14829631.006597247, "yoy_growth_pct": -41.59755662205544, "cagr_3y_pct": -8.623341767412862 }, { "year": 2000, "export_value_usd": 13929857.444435468, "yoy_growth_pct": -6.067403577078201, "cagr_3y_pct": -12.746531243910741 }, { "year": 2001, "export_value_usd": 10801016.58438258, "yoy_growth_pct": -22.461398995168892, "cagr_3y_pct": -24.79354780571076 }, { "year": 2002, "export_value_usd": 11468745.776173083, "yoy_growth_pct": 6.182095792316322, "cagr_3y_pct": -8.210037237764379 }, { "year": 2003, "export_value_usd": 16211542.534553906, "yoy_growth_pct": 41.354101406923064, "cagr_3y_pct": 5.186310642646119 }, { "year": 2004, "export_value_usd": 21348963.96335995, "yoy_growth_pct": 31.689898835079667, "cagr_3y_pct": 25.498169242598536 }, { "year": 2005, "export_value_usd": 32258464.275447227, "yoy_growth_pct": 51.10084185261006, "cagr_3y_pct": 41.15922134182277 }, { "year": 2006, "export_value_usd": 34921430.58638483, "yoy_growth_pct": 8.255093262342506, "cagr_3y_pct": 29.148459092371336 }, { "year": 2007, "export_value_usd": 46344421.13247979, "yoy_growth_pct": 32.71054580034458, "cagr_3y_pct": 29.4812507591258 }, { "year": 2008, "export_value_usd": 56249603.41577156, "yoy_growth_pct": 21.372976598363145, "cagr_3y_pct": 20.362701165199603 }, { "year": 2009, "export_value_usd": 44085715.73841208, "yoy_growth_pct": -21.624841667681704, "cagr_3y_pct": 8.077499892267582 }, { "year": 2010, "export_value_usd": 51233185.697771065, "yoy_growth_pct": 16.212666256275288, "cagr_3y_pct": 3.3993875681395114 }, { "year": 2011, "export_value_usd": 48799135.226785295, "yoy_growth_pct": -4.750925475031831, "cagr_3y_pct": -4.625804630447661 }, { "year": 2012, "export_value_usd": 63548289.967703775, "yoy_growth_pct": 30.22421334389309, "cagr_3y_pct": 12.962767618772686 }, { "year": 2013, "export_value_usd": 76806299.22812888, "yoy_growth_pct": 20.86288909923939, "cagr_3y_pct": 14.4498320072445 }, { "year": 2014, "export_value_usd": 98594892.38444917, "yoy_growth_pct": 28.368237208779124, "cagr_3y_pct": 26.419508386631453 }, { "year": 2015, "export_value_usd": 58701776.437702835, "yoy_growth_pct": -40.46164561059804, "cagr_3y_pct": -2.609680216306609 }, { "year": 2016, "export_value_usd": 57038633.76036662, "yoy_growth_pct": -2.8332067243335035, "cagr_3y_pct": -9.442569448949056 }, { "year": 2017, "export_value_usd": 56058285.12686341, "yoy_growth_pct": -1.7187449433341828, "cagr_3y_pct": -17.155859420803633 }, { "year": 2018, "export_value_usd": 57390418.145157225, "yoy_growth_pct": 2.3763356572166217, "cagr_3y_pct": -0.7502591078350718 }, { "year": 2019, "export_value_usd": 68354321.14072423, "yoy_growth_pct": 19.10406536477234, "cagr_3y_pct": 6.218203885535822 }, { "year": 2020, "export_value_usd": 52771907.404433586, "yoy_growth_pct": -22.79653060149687, "cagr_3y_pct": -1.9936245976847955 }, { "year": 2021, "export_value_usd": 42074360.1993148, "yoy_growth_pct": -20.27129154747974, "cagr_3y_pct": -9.830559020032926 }, { "year": 2022, "export_value_usd": 157093463.42039704, "yoy_growth_pct": 273.37100950843546, "cagr_3y_pct": 31.966605799582616 }, { "year": 2023, "export_value_usd": 48910787.88026337, "yoy_growth_pct": -68.86516675148128, "cagr_3y_pct": -2.500896516002915 }, { "year": 2024, "export_value_usd": 36057098.32467314, "yoy_growth_pct": -26.279866084056668, "cagr_3y_pct": -5.014404202627853 } ], "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": "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 }, { "year": 2024, "exporter_iso3": "NIC", "importer_iso3": "GBR", "hs_code": "230910", "your_market_share_pct": 0.00009289453022071393, "your_share_change_pp": 0.00009289453022071393, "market_imports_usd": 1655928379.0322776, "market_yoy_growth_pct": 6.445519491430218, "market_cagr_3y_pct": 11.608252, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 15.899773672086873, "your_share_gap_pp": 15.899680777556652, "num_suppliers": 52, "market_hhi": 1001.668240557144, "volatility_mean_usd": 1538.2668884935174, "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": 63.74627854544002, "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": "Spain", "imports": "$2.3B", "year": 2024, "annualChange": "-7.1%" }, "exporterPosition": { "exporter": "NIC", "routeExports": "$4.1K", "currentShare": "0.0%" } }, "signal": { "title": "A new relationship in the reported trade view", "type": "New corridor", "strength": "72/100", "reportedPeriod": 2024, "marketMomentum": "+0.0%", "availableProductHistoryYears": "1" }, "market": { "latestImports": "$2.3B", "projectionThreeYears": "$2.7B", "supplierCount": "40", "averageImports": "$1.2B", "historicalPeak": "$2.5B", "fullHistoryGrowth": "+5.6%", "latestAnnualChange": "-7.1%" }, "competition": { "topSupplier": { "country": "South Africa", "iso3": "ZAF", "share": "16.5%" }, "marketConcentrationHhi": "1,102", "exporterShare": "0.0%", "shareGap": "16.5%" }, "access": { "appliedTariff": "Not reported", "mfnTariff": "Not reported", "preferentialTariff": "Not reported", "distance": "8,524 km", "tradeAgreement": "Reported yes", "businessEntryTime": "12.5 days", "sharedSpokenLanguageScore": "1" }, "economy": { "gdpPerPerson": "$30.1K", "gdpPerPersonGrowth": "+1.9%", "populationThousands": "47,327", "gdp": "$1.4T", "gdpFiveYearCagr": "Not reported", "investmentRate": "24.3%", "savingsRate": "22.0%" }, "evidence": { "productHistory": [ { "year": 2024, "export_value_usd": 4061.0929169347187, "yoy_growth_pct": null, "cagr_3y_pct": null } ], "routeHistory": [ { "year": 1995, "export_value_usd": 17205006.083698682, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "export_value_usd": 19436789.493472423, "yoy_growth_pct": 12.971709506620277, "cagr_3y_pct": null }, { "year": 1997, "export_value_usd": 20970006.640230786, "yoy_growth_pct": 7.888222215264884, "cagr_3y_pct": null }, { "year": 1998, "export_value_usd": 25392141.40516182, "yoy_growth_pct": 21.087903503316994, "cagr_3y_pct": 13.853966612202662 }, { "year": 1999, "export_value_usd": 14829631.006597247, "yoy_growth_pct": -41.59755662205544, "cagr_3y_pct": -8.623341767412862 }, { "year": 2000, "export_value_usd": 13929857.444435468, "yoy_growth_pct": -6.067403577078201, "cagr_3y_pct": -12.746531243910741 }, { "year": 2001, "export_value_usd": 10801016.58438258, "yoy_growth_pct": -22.461398995168892, "cagr_3y_pct": -24.79354780571076 }, { "year": 2002, "export_value_usd": 11468745.776173083, "yoy_growth_pct": 6.182095792316322, "cagr_3y_pct": -8.210037237764379 }, { "year": 2003, "export_value_usd": 16211542.534553906, "yoy_growth_pct": 41.354101406923064, "cagr_3y_pct": 5.186310642646119 }, { "year": 2004, "export_value_usd": 21348963.96335995, "yoy_growth_pct": 31.689898835079667, "cagr_3y_pct": 25.498169242598536 }, { "year": 2005, "export_value_usd": 32258464.275447227, "yoy_growth_pct": 51.10084185261006, "cagr_3y_pct": 41.15922134182277 }, { "year": 2006, "export_value_usd": 34921430.58638483, "yoy_growth_pct": 8.255093262342506, "cagr_3y_pct": 29.148459092371336 }, { "year": 2007, "export_value_usd": 46344421.13247979, "yoy_growth_pct": 32.71054580034458, "cagr_3y_pct": 29.4812507591258 }, { "year": 2008, "export_value_usd": 56249603.41577156, "yoy_growth_pct": 21.372976598363145, "cagr_3y_pct": 20.362701165199603 }, { "year": 2009, "export_value_usd": 44085715.73841208, "yoy_growth_pct": -21.624841667681704, "cagr_3y_pct": 8.077499892267582 }, { "year": 2010, "export_value_usd": 51233185.697771065, "yoy_growth_pct": 16.212666256275288, "cagr_3y_pct": 3.3993875681395114 }, { "year": 2011, "export_value_usd": 48799135.226785295, "yoy_growth_pct": -4.750925475031831, "cagr_3y_pct": -4.625804630447661 }, { "year": 2012, "export_value_usd": 63548289.967703775, "yoy_growth_pct": 30.22421334389309, "cagr_3y_pct": 12.962767618772686 }, { "year": 2013, "export_value_usd": 76806299.22812888, "yoy_growth_pct": 20.86288909923939, "cagr_3y_pct": 14.4498320072445 }, { "year": 2014, "export_value_usd": 98594892.38444917, "yoy_growth_pct": 28.368237208779124, "cagr_3y_pct": 26.419508386631453 }, { "year": 2015, "export_value_usd": 58701776.437702835, "yoy_growth_pct": -40.46164561059804, "cagr_3y_pct": -2.609680216306609 }, { "year": 2016, "export_value_usd": 57038633.76036662, "yoy_growth_pct": -2.8332067243335035, "cagr_3y_pct": -9.442569448949056 }, { "year": 2017, "export_value_usd": 56058285.12686341, "yoy_growth_pct": -1.7187449433341828, "cagr_3y_pct": -17.155859420803633 }, { "year": 2018, "export_value_usd": 57390418.145157225, "yoy_growth_pct": 2.3763356572166217, "cagr_3y_pct": -0.7502591078350718 }, { "year": 2019, "export_value_usd": 68354321.14072423, "yoy_growth_pct": 19.10406536477234, "cagr_3y_pct": 6.218203885535822 }, { "year": 2020, "export_value_usd": 52771907.404433586, "yoy_growth_pct": -22.79653060149687, "cagr_3y_pct": -1.9936245976847955 }, { "year": 2021, "export_value_usd": 42074360.1993148, "yoy_growth_pct": -20.27129154747974, "cagr_3y_pct": -9.830559020032926 }, { "year": 2022, "export_value_usd": 157093463.42039704, "yoy_growth_pct": 273.37100950843546, "cagr_3y_pct": 31.966605799582616 }, { "year": 2023, "export_value_usd": 48910787.88026337, "yoy_growth_pct": -68.86516675148128, "cagr_3y_pct": -2.500896516002915 }, { "year": 2024, "export_value_usd": 36057098.32467314, "yoy_growth_pct": -26.279866084056668, "cagr_3y_pct": -5.014404202627853 } ], "routeHistoryScope": "Broader NIC to Spain route exports, not only HS 870421." }, "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": "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" }, { "year": 2024, "exporter_iso3": "NIC", "importer_iso3": "GBR", "hs_code": "230910", "your_market_share_pct": 0.00009289453022071393, "your_share_change_pp": 0.00009289453022071393, "market_imports_usd": 1655928379.0322776, "market_yoy_growth_pct": 6.445519491430218, "market_cagr_3y_pct": 11.608252, "top_supplier_iso3": "DEU", "top_supplier_share_pct": 15.899773672086873, "your_share_gap_pp": 15.899680777556652, "num_suppliers": 52, "market_hhi": 1001.668240557144, "volatility_mean_usd": 1538.2668884935174, "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": 63.74627854544002, "exporter_name": "NIC", "importer_name": "GBR", "published": true, "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/nic-gbr-230910" } ], "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/870421", "workspace": "https://www.yugalinks.com/app?hs=870421", "dataSources": "https://www.yugalinks.com/data-sources", "methodology": "https://www.yugalinks.com/methodology", "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421/index.md", "json": "https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421/index.json", "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421/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": "2026-09-02T11:44:56.854Z" }