# Norway to KOR HS 845710 new corridor signal

This page reviews a reported new-corridor signal for machining centres: for working metal. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 81/100
- Reported period: 2024
- Buyer market imports: $147.1M
- Buyer market growth: +13.7%
- Current exporter share: 0.0%
- Share gap: 45.9%

## 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: $147.1M
- Three-year buyer-import projection: $165.9M
- Supplier countries observed: 18
- Average buyer imports: $169.5M
- Historical buyer-import peak: $346.9M
- Full-history buyer-import CAGR: +4.1%
- Latest buyer-import annual change: +13.7%

## Competition landscape

- Top supplier: Japan
- Top supplier share: 45.9%
- Market concentration: 2,991
- Exporter share: 0.0%
- Share gap to peer benchmark: 45.9%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 7,731 km
- Trade agreement: Reported yes
- 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 | $11.6K | +0.0% |

## Broader route context

Broader Norway to KOR route exports provide route context only; they are not presented as HS 845710 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $185.3M | +0.0% |
| 1996 | $273.6M | +47.6% |
| 1997 | $243.7M | -10.9% |
| 1998 | $340.4M | +39.7% |
| 1999 | $493.6M | +45.0% |
| 2000 | $422.0M | -14.5% |
| 2001 | $380.4M | -9.9% |
| 2002 | $601.5M | +58.1% |
| 2003 | $515.2M | -14.3% |
| 2004 | $628.9M | +22.1% |
| 2005 | $697.3M | +10.9% |
| 2006 | $774.9M | +11.1% |
| 2007 | $1.4B | +83.0% |
| 2008 | $2.0B | +39.7% |
| 2009 | $2.7B | +35.0% |
| 2010 | $2.9B | +8.8% |
| 2011 | $2.1B | -29.4% |
| 2012 | $4.7B | +127.9% |
| 2013 | $3.1B | -33.5% |
| 2014 | $2.5B | -18.7% |
| 2015 | $2.3B | -9.3% |
| 2016 | $1.4B | -37.0% |
| 2017 | $1.1B | -22.7% |
| 2018 | $1.5B | +31.5% |
| 2019 | $1.2B | -17.3% |
| 2020 | $1.5B | +19.3% |
| 2021 | $2.7B | +83.2% |
| 2022 | $1.7B | -34.3% |
| 2023 | $1.3B | -26.5% |
| 2024 | $1.3B | +1.5% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Norway to NLD | HS 300214 | New corridor | $4.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-nld-300214) |
| Norway to Slovakia | HS 270900 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-svk-270900) |
| Norway to USA, Puerto Rico and US Virgin Islands | HS 080390 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-usa-080390) |
| Norway to IRL | HS 300214 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-irl-300214) |
| Norway to USA, Puerto Rico and US Virgin Islands | HS 240210 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-usa-240210) |
| Norway to Ecuador | HS 271012 | New corridor | $986.9M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-ecu-271012) |
| Norway to India | HS 293499 | New corridor | $895.5M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-ind-293499) |
| Norway to El Salvador | HS 271019 | New corridor | $889.5M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nor-slv-271019) |

## 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.