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      "max_drawdown_pct": 0,
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      "anomaly_type": "",
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      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
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      "exporter_name": "Philippines",
      "importer_name": "Canada",
      "published": true
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  ],
  "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": "$616.5M",
        "year": 2024,
        "annualChange": "-3.1%"
      },
      "exporterPosition": {
        "exporter": "Philippines",
        "routeExports": "$8.1K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "78/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$616.5M",
      "projectionThreeYears": "$668.5M",
      "supplierCount": "59",
      "averageImports": "$960.2M",
      "historicalPeak": "$3.0B",
      "fullHistoryGrowth": "+2.7%",
      "latestAnnualChange": "-3.1%"
    },
    "competition": {
      "topSupplier": {
        "country": "Germany",
        "iso3": "DEU",
        "share": "45.8%"
      },
      "marketConcentrationHhi": "2,650",
      "exporterShare": "0.0%",
      "shareGap": "45.8%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "11,665 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "12.5 days",
      "sharedSpokenLanguageScore": "0.2"
    },
    "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": 8079.114538937591,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
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      ],
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        {
          "year": 1996,
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          "yoy_growth_pct": 36.93870799939594,
          "cagr_3y_pct": null
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        {
          "year": 1997,
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          "yoy_growth_pct": -8.607753531166583,
          "cagr_3y_pct": null
        },
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          "year": 1998,
          "export_value_usd": 101417433.7229212,
          "yoy_growth_pct": -0.8027068468833054,
          "cagr_3y_pct": 7.4760755782331545
        },
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          "year": 1999,
          "export_value_usd": 113807161.57697722,
          "yoy_growth_pct": 12.216566126003103,
          "cagr_3y_pct": 0.5746931838449321
        },
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          "year": 2000,
          "export_value_usd": 136188405.003922,
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          "cagr_3y_pct": 10.02949323463489
        },
        {
          "year": 2001,
          "export_value_usd": 96516620.77123024,
          "yoy_growth_pct": -29.130074789809946,
          "cagr_3y_pct": -1.637438383048595
        },
        {
          "year": 2002,
          "export_value_usd": 102221172.58965391,
          "yoy_growth_pct": 5.9104346721224,
          "cagr_3y_pct": -3.515602580383659
        },
        {
          "year": 2003,
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          "yoy_growth_pct": 57.67018307322345,
          "cagr_3y_pct": 5.775096998212126
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        {
          "year": 2004,
          "export_value_usd": 183005183.93358067,
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          "cagr_3y_pct": 4.773508345636257
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        {
          "year": 2017,
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          "cagr_3y_pct": 11.153832390695872
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        {
          "year": 2018,
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        {
          "year": 2019,
          "export_value_usd": 260682384.7417318,
          "yoy_growth_pct": -8.571789677623432,
          "cagr_3y_pct": 6.964139597285368
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        {
          "year": 2020,
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          "cagr_3y_pct": -6.490254335798895
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        {
          "year": 2021,
          "export_value_usd": 347826710.4201758,
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      "routeHistoryScope": "Broader Philippines to Spain route exports, not only HS 870333."
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    ],
    "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/",
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