# SGP to Italy HS 040690 new corridor signal

This page reviews a reported new-corridor signal for dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 92/100
- Reported period: 2024
- Buyer market imports: $1.5B
- Buyer market growth: +4.5%
- Current exporter share: 0.0%
- Share gap: 34.3%

## 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: $1.5B
- Three-year buyer-import projection: $1.5B
- Supplier countries observed: 41
- Average buyer imports: $1.1B
- Historical buyer-import peak: $1.5B
- Full-history buyer-import CAGR: +1.3%
- Latest buyer-import annual change: +4.5%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 34.3%
- Market concentration: 1,724
- Exporter share: 0.0%
- Share gap to peer benchmark: 34.3%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 10,033 km
- Trade agreement: Reported yes
- Business entry time: 11 days
- Shared spoken language score: 0.2

## Buyer economy

- GDP per person: $35.6K
- GDP per-person growth: -5.4%
- Population: 59,066k
- GDP: $2.1T
- GDP five-year CAGR: Not reported
- Investment rate: 21.3%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $39.6K | +0.0% |

## Broader route context

Broader SGP to Italy route exports provide route context only; they are not presented as HS 040690 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $656.9M | +0.0% |
| 1996 | $483.0M | -26.5% |
| 1997 | $457.7M | -5.2% |
| 1998 | $459.5M | +0.4% |
| 1999 | $389.2M | -15.3% |
| 2000 | $433.8M | +11.5% |
| 2001 | $364.4M | -16.0% |
| 2002 | $317.6M | -12.9% |
| 2003 | $350.7M | +10.4% |
| 2004 | $373.7M | +6.5% |
| 2005 | $446.6M | +19.5% |
| 2006 | $418.1M | -6.4% |
| 2007 | $505.6M | +20.9% |
| 2008 | $480.9M | -4.9% |
| 2009 | $338.4M | -29.6% |
| 2010 | $536.1M | +58.4% |
| 2011 | $811.8M | +51.4% |
| 2012 | $678.1M | -16.5% |
| 2013 | $585.8M | -13.6% |
| 2014 | $473.4M | -19.2% |
| 2015 | $394.1M | -16.8% |
| 2016 | $425.0M | +7.8% |
| 2017 | $516.6M | +21.6% |
| 2018 | $618.6M | +19.7% |
| 2019 | $573.8M | -7.2% |
| 2020 | $603.0M | +5.1% |
| 2021 | $715.1M | +18.6% |
| 2022 | $886.5M | +24.0% |
| 2023 | $860.3M | -3.0% |
| 2024 | $1.2B | +36.8% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| SGP to Italy | HS 870340 | New corridor | $7.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-ita-870340) |
| SGP to Taiwan | HS 880240 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-twn-880240) |
| SGP to USA, Puerto Rico and US Virgin Islands | HS 170114 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-usa-170114) |
| SGP to Poland | HS 760120 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-pol-760120) |
| SGP to Poland | HS 740400 | New corridor | $1.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-pol-740400) |
| SGP to Canada | HS 870490 | New corridor | $996.1M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-can-870490) |
| SGP to Canada | HS 150790 | New corridor | $739.4M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-can-150790) |
| SGP to Italy | HS 180400 | New corridor | $617.0M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-ita-180400) |

## 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.