# Sweden to GEO HS 870380 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with only electric motor for propulsion. 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: $84.9M
- Buyer market growth: +66.4%
- Current exporter share: 0.7%
- Share gap: 49.2%

## 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: $84.9M
- Three-year buyer-import projection: $165.9M
- Supplier countries observed: 36
- Average buyer imports: $6.7M
- Historical buyer-import peak: $84.9M
- Full-history buyer-import CAGR: +59.0%
- Latest buyer-import annual change: +66.4%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 49.9%
- Market concentration: 2,899
- Exporter share: 0.7%
- Share gap to peer benchmark: 49.2%

## Access profile

- Applied tariff: 5.7%
- MFN tariff: 6.0%
- Preferential tariff: 0.0%
- Approximate distance: 2,689 km
- Trade agreement: Reported yes
- Business entry time: 1 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $5.0K
- GDP per-person growth: +30.6%
- Population: 3,709k
- GDP: $18.7B
- GDP five-year CAGR: +14.2%
- Investment rate: 27.8%
- Savings rate: 10.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $601.1K | +0.0% |

## Broader route context

Broader Sweden to GEO route exports provide route context only; they are not presented as HS 870380 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $880.9K | +0.0% |
| 1996 | $418.1K | -52.5% |
| 1997 | $1.4M | +223.4% |
| 1998 | $4.2M | +209.3% |
| 1999 | $5.9M | +41.8% |
| 2000 | $12.8M | +116.5% |
| 2001 | $1.1M | -91.4% |
| 2002 | $5.2M | +367.7% |
| 2003 | $8.2M | +58.9% |
| 2004 | $5.5M | -33.2% |
| 2005 | $8.8M | +60.9% |
| 2006 | $17.5M | +97.7% |
| 2007 | $29.1M | +66.6% |
| 2008 | $27.4M | -5.8% |
| 2009 | $19.7M | -28.0% |
| 2010 | $14.9M | -24.3% |
| 2011 | $34.5M | +130.6% |
| 2012 | $20.2M | -41.5% |
| 2013 | $12.1M | -40.0% |
| 2014 | $10.3M | -14.9% |
| 2015 | $19.8M | +92.4% |
| 2016 | $12.9M | -34.6% |
| 2017 | $11.0M | -14.7% |
| 2018 | $14.9M | +34.6% |
| 2019 | $16.5M | +10.9% |
| 2020 | $13.6M | -17.6% |
| 2021 | $15.7M | +15.8% |
| 2022 | $28.9M | +83.9% |
| 2023 | $39.3M | +36.0% |
| 2024 | $42.3M | +7.7% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Sweden to Marshall Islands | HS 890190 | New corridor | $6.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-mhl-890190) |
| Sweden to Indonesia + Timor-Leste | HS 710812 | New corridor | $4.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-idn-710812) |
| Sweden to Taiwan | HS 271012 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-twn-271012) |
| Sweden to Japan | HS 020230 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-jpn-020230) |
| Sweden to Former Republic of Vietnam | HS 100199 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-vnm-100199) |
| Sweden to Iraq | HS 240220 | New corridor | $1.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-irq-240220) |
| Sweden to Spain | HS 293590 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-esp-293590) |
| Sweden to Saudi Arabia | HS 870340 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/swe-sau-870340) |

## 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.