# RWA to SGP HS 711319 new corridor signal

This page reviews a reported new-corridor signal for jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 25/100
- Reported period: 2024
- Buyer market imports: $4.1B
- Buyer market growth: -8.3%
- Current exporter share: 0.0%
- Share gap: 19.3%

## 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: $4.1B
- Three-year buyer-import projection: $4.8B
- Supplier countries observed: 84
- Average buyer imports: $1.9B
- Historical buyer-import peak: $4.4B
- Full-history buyer-import CAGR: +5.9%
- Latest buyer-import annual change: -8.3%

## Competition landscape

- Top supplier: Malaysia
- Top supplier share: 19.3%
- Market concentration: 1,133
- Exporter share: 0.0%
- Share gap to peer benchmark: 19.3%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,219 km
- Trade agreement: Not reported
- Business entry time: 1.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $72.8K
- GDP per-person growth: +7.7%
- Population: 5,454k
- GDP: $397.0B
- GDP five-year CAGR: Not reported
- Investment rate: 27.3%
- Savings rate: 50.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $16.5 | +0.0% |

## Broader route context

Broader RWA to SGP route exports provide route context only; they are not presented as HS 711319 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 2000 | $1.2M | +0.0% |
| 2001 | $89.2K | -92.5% |
| 2002 | $773.1K | +766.8% |
| 2004 | $27.3 | -100.0% |
| 2006 | $253.0K | +925749.9% |
| 2008 | $2.4M | +848.8% |
| 2010 | $1.5K | -99.9% |
| 2011 | $2.7 | -99.8% |
| 2012 | $834.3K | +30781173.1% |
| 2013 | $3.5M | +315.8% |
| 2014 | $11.0M | +218.0% |
| 2015 | $10.4M | -5.5% |
| 2016 | $12.1M | +15.9% |
| 2017 | $16.8M | +39.4% |
| 2018 | $23.2M | +37.9% |
| 2019 | $22.1M | -4.6% |
| 2020 | $14.6M | -34.2% |
| 2021 | $23.4M | +60.8% |
| 2022 | $33.1M | +41.2% |
| 2023 | $38.2M | +15.6% |
| 2024 | $54.2M | +41.8% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| RWA to SGP | HS 854232 | New corridor | $11.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-sgp-854232) |
| RWA to USA, Puerto Rico and US Virgin Islands | HS 300212 | New corridor | $8.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-usa-300212) |
| RWA to USA, Puerto Rico and US Virgin Islands | HS 940161 | New corridor | $6.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-usa-940161) |
| RWA to CHN | HS 382499 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-chn-382499) |
| RWA to USA, Puerto Rico and US Virgin Islands | HS 851220 | New corridor | $5.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-usa-851220) |
| RWA to India | HS 711319 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-ind-711319) |
| RWA to China, Hong Kong SAR | HS 847170 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-hkg-847170) |
| RWA to USA, Puerto Rico and US Virgin Islands | HS 841950 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/rwa-usa-841950) |

## 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.