# Thailand to USA, Puerto Rico and US Virgin Islands HS 291241 new corridor signal

This page reviews a reported new-corridor signal for aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function: vanillin (4-hydroxy-3-methoxybenzaldehyde). 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: $102.6M
- Buyer market growth: +45.0%
- Current exporter share: 2.6%
- Share gap: 46.2%

## 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: $102.6M
- Three-year buyer-import projection: $126.8M
- Supplier countries observed: 27
- Average buyer imports: $39.7M
- Historical buyer-import peak: $127.8M
- Full-history buyer-import CAGR: +7.3%
- Latest buyer-import annual change: +45.0%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 48.8%
- Market concentration: 3,202
- Exporter share: 2.6%
- Share gap to peer benchmark: 46.2%

## Access profile

- Applied tariff: 2.4%
- MFN tariff: 4.7%
- Preferential tariff: 1.0%
- Approximate distance: 13,943 km
- Trade agreement: Not reported
- Business entry time: 4.2 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $69.3K
- GDP per-person growth: +7.6%
- Population: 331,894k
- GDP: $23.0T
- GDP five-year CAGR: +6.1%
- Investment rate: 21.9%
- Savings rate: 17.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $2.6M | +0.0% |

## Broader route context

Broader Thailand to USA, Puerto Rico and US Virgin Islands route exports provide route context only; they are not presented as HS 291241 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $10.9B | +0.0% |
| 1996 | $10.9B | -0.0% |
| 1997 | $12.2B | +11.6% |
| 1998 | $13.0B | +6.5% |
| 1999 | $13.9B | +6.9% |
| 2000 | $15.4B | +10.7% |
| 2001 | $13.7B | -11.1% |
| 2002 | $14.0B | +2.7% |
| 2003 | $14.2B | +1.2% |
| 2004 | $16.3B | +14.7% |
| 2005 | $18.5B | +13.3% |
| 2006 | $20.9B | +12.9% |
| 2007 | $20.8B | -0.3% |
| 2008 | $21.4B | +2.8% |
| 2009 | $17.3B | -19.2% |
| 2010 | $20.6B | +18.9% |
| 2011 | $22.3B | +8.2% |
| 2012 | $23.0B | +3.5% |
| 2013 | $23.1B | +0.1% |
| 2014 | $23.8B | +3.3% |
| 2015 | $24.8B | +3.9% |
| 2016 | $25.3B | +2.2% |
| 2017 | $26.9B | +6.5% |
| 2018 | $27.7B | +3.0% |
| 2019 | $29.5B | +6.3% |
| 2020 | $34.1B | +15.8% |
| 2021 | $43.3B | +26.7% |
| 2022 | $52.2B | +20.6% |
| 2023 | $50.5B | -3.2% |
| 2024 | $57.0B | +12.8% |

## 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 Mexico | HS 870380 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tha-mex-870380) |
| 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) |

## 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.