# Portugal to Mexico HS 722830 new corridor signal

This page reviews a reported new-corridor signal for steel, alloy: bars and rods, hot-rolled, hot-drawn or extruded. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 100/100
- Reported period: 2024
- Buyer market imports: $665.9M
- Buyer market growth: +6.4%
- Current exporter share: 0.0%
- Share gap: 36.6%

## 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: $665.9M
- Three-year buyer-import projection: $877.3M
- Supplier countries observed: 33
- Average buyer imports: $311.5M
- Historical buyer-import peak: $687.5M
- Full-history buyer-import CAGR: +9.6%
- Latest buyer-import annual change: +6.4%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 36.6%
- Market concentration: 2,177
- Exporter share: 0.0%
- Share gap to peer benchmark: 36.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,684 km
- Trade agreement: Reported yes
- Business entry time: 8.4 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $9.9K
- GDP per-person growth: +8.8%
- Population: 130,262k
- GDP: $1.3T
- GDP five-year CAGR: Not reported
- Investment rate: 23.5%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $114.3K | +0.0% |

## Broader route context

Broader Portugal to Mexico route exports provide route context only; they are not presented as HS 722830 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $15.2M | +0.0% |
| 1996 | $18.4M | +21.6% |
| 1997 | $31.1M | +68.9% |
| 1998 | $37.4M | +20.2% |
| 1999 | $44.1M | +17.9% |
| 2000 | $46.1M | +4.4% |
| 2001 | $108.3M | +135.0% |
| 2002 | $79.1M | -27.0% |
| 2003 | $97.3M | +23.1% |
| 2004 | $242.2M | +148.8% |
| 2005 | $213.1M | -12.0% |
| 2006 | $264.4M | +24.1% |
| 2007 | $246.0M | -6.9% |
| 2008 | $386.9M | +57.3% |
| 2009 | $284.0M | -26.6% |
| 2010 | $490.5M | +72.7% |
| 2011 | $558.3M | +13.8% |
| 2012 | $369.1M | -33.9% |
| 2013 | $362.4M | -1.8% |
| 2014 | $507.5M | +40.0% |
| 2015 | $341.3M | -32.8% |
| 2016 | $367.1M | +7.6% |
| 2017 | $560.8M | +52.7% |
| 2018 | $610.3M | +8.8% |
| 2019 | $531.9M | -12.8% |
| 2020 | $404.0M | -24.0% |
| 2021 | $518.3M | +28.3% |
| 2022 | $578.5M | +11.6% |
| 2023 | $603.6M | +4.3% |
| 2024 | $623.0M | +3.2% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Portugal to Canada | HS 870380 | New corridor | $7.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-can-870380) |
| Portugal to CHN | HS 870340 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-chn-870340) |
| Portugal to Poland | HS 870340 | New corridor | $5.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-pol-870340) |
| Portugal to BGR | HS 270900 | New corridor | $2.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-bgr-270900) |
| Portugal to USA, Puerto Rico and US Virgin Islands | HS 151419 | New corridor | $2.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-usa-151419) |
| Portugal to ARE | HS 870340 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-are-870340) |
| Portugal to QAT | HS 270900 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-qat-270900) |
| Portugal to South Africa | HS 282200 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/prt-zaf-282200) |

## 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.