# Thailand to Mexico 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: $1.3B
- Buyer market growth: +82.9%
- Current exporter share: 5.8%
- Share gap: 54.7%

## 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: $1.3B
- Three-year buyer-import projection: $2.6B
- Supplier countries observed: 34
- Average buyer imports: $86.2M
- Historical buyer-import peak: $1.3B
- Full-history buyer-import CAGR: +38.1%
- Latest buyer-import annual change: +82.9%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 60.5%
- Market concentration: 3,962
- Exporter share: 5.8%
- Share gap to peer benchmark: 54.7%

## Access profile

- Applied tariff: 13.6%
- MFN tariff: 13.6%
- Preferential tariff: 0.0%
- Approximate distance: 15,761 km
- Trade agreement: Not reported
- Business entry time: 8.4 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $9.9K
- GDP per-person growth: +8.8%
- Population: 130,262k
- GDP: $1.3T
- GDP five-year CAGR: +7.3%
- Investment rate: 23.5%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $75.6M | +0.0% |

## Broader route context

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

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $115.1M | +0.0% |
| 1996 | $165.5M | +43.8% |
| 1997 | $339.8M | +105.3% |
| 1998 | $329.1M | -3.1% |
| 1999 | $379.5M | +15.3% |
| 2000 | $455.7M | +20.1% |
| 2001 | $533.4M | +17.0% |
| 2002 | $672.2M | +26.0% |
| 2003 | $697.7M | +3.8% |
| 2004 | $881.4M | +26.3% |
| 2005 | $1.0B | +17.9% |
| 2006 | $1.3B | +21.0% |
| 2007 | $1.5B | +19.2% |
| 2008 | $1.6B | +7.4% |
| 2009 | $1.4B | -10.6% |
| 2010 | $2.0B | +38.2% |
| 2011 | $2.4B | +22.6% |
| 2012 | $3.0B | +22.0% |
| 2013 | $3.4B | +15.5% |
| 2014 | $3.7B | +9.2% |
| 2015 | $4.4B | +18.8% |
| 2016 | $4.8B | +7.3% |
| 2017 | $5.1B | +6.5% |
| 2018 | $5.3B | +4.3% |
| 2019 | $5.2B | -1.8% |
| 2020 | $4.5B | -14.2% |
| 2021 | $5.3B | +18.9% |
| 2022 | $6.3B | +18.9% |
| 2023 | $6.9B | +8.6% |
| 2024 | $8.3B | +21.6% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Thailand to KOR | HS 870380 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-kor-870380) |
| Thailand to USA, Puerto Rico and US Virgin Islands | HS 870194 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-usa-870194) |
| Thailand to Poland | HS 880240 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-pol-880240) |
| Thailand to KOR | HS 020329 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-kor-020329) |
| Thailand to USA, Puerto Rico and US Virgin Islands | HS 070700 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-usa-070700) |
| Thailand to AUS | HS 310210 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-aus-310210) |
| Thailand to Saudi Arabia | HS 230400 | New corridor | $719.8M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-sau-230400) |
| Thailand to IRL | HS 870360 | New corridor | $663.2M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-irl-870360) |

## 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.