# NIC to Saudi Arabia HS 640299 new corridor signal

This page reviews a reported new-corridor signal for footwear: n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 48/100
- Reported period: 2024
- Buyer market imports: $363.4M
- Buyer market growth: +18.9%
- Current exporter share: 0.0%
- Share gap: 77.8%

## 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: $363.4M
- Three-year buyer-import projection: $434.9M
- Supplier countries observed: 65
- Average buyer imports: $145.4M
- Historical buyer-import peak: $363.4M
- Full-history buyer-import CAGR: +6.2%
- Latest buyer-import annual change: +18.9%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 77.8%
- Market concentration: 6,154
- Exporter share: 0.0%
- Share gap to peer benchmark: 77.8%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 13,500 km
- Trade agreement: Not reported
- Business entry time: 10.4 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $23.6K
- GDP per-person growth: +3.5%
- Population: 35,341k
- GDP: $833.5B
- GDP five-year CAGR: Not reported
- Investment rate: 26.3%
- Savings rate: 44.2%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $249.4 | +0.0% |

## Broader route context

Broader NIC to Saudi Arabia route exports provide route context only; they are not presented as HS 640299 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1999 | $84.0K | +0.0% |
| 2000 | $51.8K | -38.3% |
| 2001 | $61.5K | +18.6% |
| 2002 | $45.3K | -26.3% |
| 2003 | $114.8K | +153.2% |
| 2004 | $87.8K | -23.5% |
| 2005 | $174.6K | +98.7% |
| 2006 | $206.6K | +18.3% |
| 2007 | $119.1K | -42.3% |
| 2008 | $376.7K | +216.3% |
| 2009 | $102.5K | -72.8% |
| 2010 | $35.3K | -65.5% |
| 2011 | $234.7K | +564.0% |
| 2012 | $485.2K | +106.7% |
| 2013 | $409.7K | -15.6% |
| 2014 | $777.9K | +89.9% |
| 2015 | $575.2K | -26.1% |
| 2016 | $343.0K | -40.4% |
| 2017 | $305.6K | -10.9% |
| 2018 | $534.0K | +74.7% |
| 2019 | $1.0M | +89.2% |
| 2020 | $1.2M | +23.4% |
| 2021 | $923.9K | -25.9% |
| 2022 | $1.0M | +11.1% |
| 2023 | $873.3K | -14.9% |
| 2024 | $1.2M | +42.3% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| NIC to SGP | HS 848620 | New corridor | $3.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-sgp-848620) |
| NIC to Marshall Islands | HS 271019 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-mhl-271019) |
| NIC to Togo | HS 271019 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-tgo-271019) |
| NIC to Spain | HS 870421 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-esp-870421) |
| NIC to CHN | HS 260400 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-chn-260400) |
| NIC to Italy | HS 711319 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-ita-711319) |
| NIC to Belgium | HS 850760 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-bel-850760) |
| NIC to GBR | HS 760612 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nic-gbr-760612) |

## 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.