# Saudi Arabia to Iraq HS 710812 new corridor signal

This page reviews a reported new-corridor signal for metals: gold, non-monetary, unwrought (but not powder). 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: $9.9B
- Buyer market growth: +391.1%
- Current exporter share: 0.9%
- Share gap: 98.3%

## 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: $9.9B
- Three-year buyer-import projection: $19.2B
- Supplier countries observed: 3
- Average buyer imports: $669.0M
- Historical buyer-import peak: $9.9B
- Full-history buyer-import CAGR: +105.5%
- Latest buyer-import annual change: +391.1%

## Competition landscape

- Top supplier: ARE
- Top supplier share: 99.1%
- Market concentration: 9,831
- Exporter share: 0.9%
- Share gap to peer benchmark: 98.3%

## Access profile

- Applied tariff: 0.0%
- MFN tariff: 0.0%
- Preferential tariff: 0.0%
- Approximate distance: 993 km
- Trade agreement: Reported yes
- Business entry time: 26.5 days
- Shared spoken language score: 0.6

## Buyer economy

- GDP per person: $5.0K
- GDP per-person growth: +8.0%
- Population: 41,179k
- GDP: $207.9B
- GDP five-year CAGR: +3.7%
- Investment rate: 19.2%
- Savings rate: 27.6%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $84.2M | +0.0% |

## Broader route context

Broader Saudi Arabia to Iraq route exports provide route context only; they are not presented as HS 710812 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $776.9K | +0.0% |
| 1996 | $250.1K | -67.8% |
| 1997 | $452.7K | +81.0% |
| 1998 | $137.3K | -69.7% |
| 2000 | $23.0M | +16667.7% |
| 2001 | $70.2M | +204.9% |
| 2002 | $69.7M | -0.6% |
| 2003 | $11.5M | -83.5% |
| 2004 | $39.1M | +240.4% |
| 2005 | $64.3M | +64.3% |
| 2006 | $128.3M | +99.5% |
| 2007 | $380.3M | +196.5% |
| 2008 | $485.5M | +27.6% |
| 2009 | $682.8M | +40.6% |
| 2010 | $471.2M | -31.0% |
| 2011 | $502.6M | +6.7% |
| 2012 | $417.0M | -17.0% |
| 2013 | $480.8M | +15.3% |
| 2014 | $573.5M | +19.3% |
| 2015 | $437.1M | -23.8% |
| 2016 | $406.6M | -7.0% |
| 2017 | $507.2M | +24.8% |
| 2018 | $656.7M | +29.5% |
| 2019 | $729.3M | +11.1% |
| 2020 | $707.3M | -3.0% |
| 2021 | $814.5M | +15.2% |
| 2022 | $1.0B | +28.9% |
| 2023 | $1.3B | +23.3% |
| 2024 | $1.7B | +33.3% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Saudi Arabia to KOR | HS 848620 | New corridor | $12.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-kor-848620) |
| Saudi Arabia to Japan | HS 854239 | New corridor | $11.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-jpn-854239) |
| Saudi Arabia to CHN | HS 880240 | New corridor | $11.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-chn-880240) |
| Saudi Arabia to USA, Puerto Rico and US Virgin Islands | HS 740311 | New corridor | $8.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-usa-740311) |
| Saudi Arabia to France | HS 870380 | New corridor | $7.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-fra-870380) |
| Saudi Arabia to CHN | HS 470321 | New corridor | $5.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-chn-470321) |
| Saudi Arabia to CHN | HS 520100 | New corridor | $4.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-chn-520100) |
| Saudi Arabia to China, Hong Kong SAR | HS 854233 | New corridor | $3.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sau-hkg-854233) |

## 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.