# SGP to USA, Puerto Rico and US Virgin Islands HS 170114 new corridor signal

This page reviews a reported new-corridor signal for sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 13/100
- Reported period: 2024
- Buyer market imports: $1.7B
- Buyer market growth: +9.5%
- Current exporter share: 0.0%
- Share gap: 30.6%

## 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: $1.7B
- Three-year buyer-import projection: $1.9B
- Supplier countries observed: 55
- Average buyer imports: $925.9M
- Historical buyer-import peak: $1.7B
- Full-history buyer-import CAGR: +3.2%
- Latest buyer-import annual change: +9.5%

## Competition landscape

- Top supplier: BRA
- Top supplier share: 30.6%
- Market concentration: 1,395
- Exporter share: 0.0%
- Share gap to peer benchmark: 30.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 15,351 km
- Trade agreement: Reported yes
- Business entry time: 4.2 days
- Shared spoken language score: 0.7

## Buyer economy

- GDP per person: $69.3K
- GDP per-person growth: +7.6%
- Population: 331,894k
- GDP: $23.0T
- GDP five-year CAGR: Not reported
- Investment rate: 21.9%
- Savings rate: 17.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $3.4 | +0.0% |

## Broader route context

Broader SGP to USA, Puerto Rico and US Virgin Islands route exports provide route context only; they are not presented as HS 170114 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $19.6B | +0.0% |
| 1996 | $21.1B | +7.7% |
| 1997 | $20.8B | -1.5% |
| 1998 | $19.3B | -7.2% |
| 1999 | $19.3B | -0.2% |
| 2000 | $20.4B | +5.5% |
| 2001 | $15.9B | -22.1% |
| 2002 | $16.0B | +0.7% |
| 2003 | $16.7B | +4.5% |
| 2004 | $18.0B | +7.7% |
| 2005 | $17.8B | -0.8% |
| 2006 | $21.2B | +18.9% |
| 2007 | $21.2B | -0.0% |
| 2008 | $18.6B | -12.4% |
| 2009 | $15.5B | -16.3% |
| 2010 | $18.8B | +20.9% |
| 2011 | $19.5B | +3.7% |
| 2012 | $20.6B | +5.9% |
| 2013 | $19.8B | -4.1% |
| 2014 | $18.8B | -4.9% |
| 2015 | $19.8B | +5.3% |
| 2016 | $19.4B | -2.3% |
| 2017 | $20.8B | +7.4% |
| 2018 | $28.2B | +35.3% |
| 2019 | $29.0B | +2.9% |
| 2020 | $33.7B | +16.4% |
| 2021 | $32.9B | -2.4% |
| 2022 | $36.5B | +10.8% |
| 2023 | $42.4B | +16.1% |
| 2024 | $44.5B | +5.0% |

## 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 Poland | HS 760120 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-pol-760120) |
| SGP to Italy | HS 040690 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sgp-ita-040690) |
| 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.