# PER to Spain HS 910121 new corridor signal

This page reviews a reported new-corridor signal for wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 46/100
- Reported period: 2024
- Buyer market imports: $230.0M
- Buyer market growth: +8.3%
- Current exporter share: 0.0%
- Share gap: 74.0%

## 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: $230.0M
- Three-year buyer-import projection: $307.7M
- Supplier countries observed: 42
- Average buyer imports: $84.9M
- Historical buyer-import peak: $230.0M
- Full-history buyer-import CAGR: +10.2%
- Latest buyer-import annual change: +8.3%

## Competition landscape

- Top supplier: Switzerland
- Top supplier share: 74.0%
- Market concentration: 5,865
- Exporter share: 0.0%
- Share gap to peer benchmark: 74.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,522 km
- Trade agreement: Reported yes
- Business entry time: 12.5 days
- Shared spoken language score: 0.9

## 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 | $190.2 | +0.0% |

## Broader route context

Broader PER to Spain route exports provide route context only; they are not presented as HS 910121 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $124.3M | +0.0% |
| 1996 | $141.5M | +13.8% |
| 1997 | $168.6M | +19.1% |
| 1998 | $154.3M | -8.4% |
| 1999 | $181.2M | +17.4% |
| 2000 | $178.2M | -1.7% |
| 2001 | $209.4M | +17.5% |
| 2002 | $242.6M | +15.9% |
| 2003 | $318.2M | +31.2% |
| 2004 | $417.9M | +31.3% |
| 2005 | $566.2M | +35.5% |
| 2006 | $769.1M | +35.8% |
| 2007 | $1.0B | +32.8% |
| 2008 | $1.0B | +0.3% |
| 2009 | $727.7M | -29.0% |
| 2010 | $1.3B | +81.4% |
| 2011 | $2.0B | +51.5% |
| 2012 | $2.1B | +7.2% |
| 2013 | $1.9B | -11.6% |
| 2014 | $1.5B | -20.2% |
| 2015 | $1.3B | -16.7% |
| 2016 | $1.4B | +8.4% |
| 2017 | $2.1B | +52.7% |
| 2018 | $1.9B | -7.9% |
| 2019 | $1.3B | -33.1% |
| 2020 | $1.1B | -13.4% |
| 2021 | $1.5B | +36.0% |
| 2022 | $1.6B | +7.9% |
| 2023 | $1.9B | +16.4% |
| 2024 | $2.1B | +8.7% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| PER to SVN | HS 300490 | New corridor | $7.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-svn-300490) |
| PER to France | HS 300215 | New corridor | $6.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-fra-300215) |
| PER to CHN | HS 290531 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-chn-290531) |
| PER to AUS | HS 870333 | New corridor | $2.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-aus-870333) |
| PER to India | HS 850760 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-ind-850760) |
| PER to India | HS 841112 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-ind-841112) |
| PER to Czech Republic | HS 854430 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-cze-854430) |
| PER to Malaysia | HS 848690 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/per-mys-848690) |

## 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.