# TTO to Spain HS 151211 new corridor signal

This page reviews a reported new-corridor signal for vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 55/100
- Reported period: 2024
- Buyer market imports: $833.0M
- Buyer market growth: +19.8%
- Current exporter share: 0.0%
- Share gap: 76.6%

## 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: $833.0M
- Three-year buyer-import projection: $1.1B
- Supplier countries observed: 27
- Average buyer imports: $283.0M
- Historical buyer-import peak: $1.0B
- Full-history buyer-import CAGR: +10.7%
- Latest buyer-import annual change: +19.8%

## Competition landscape

- Top supplier: Ukraine
- Top supplier share: 76.6%
- Market concentration: 5,991
- Exporter share: 0.0%
- Share gap to peer benchmark: 76.6%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 6,542 km
- Trade agreement: Reported yes
- Business entry time: 12.5 days
- Shared spoken language score: 0.2

## Buyer economy

- GDP per person: $30.1K
- GDP per-person growth: +1.9%
- Population: 47,327k
- GDP: $1.4T
- GDP five-year CAGR: Not reported
- Investment rate: 24.3%
- Savings rate: 22.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $558.2 | +0.0% |

## Broader route context

Broader TTO to Spain route exports provide route context only; they are not presented as HS 151211 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $28.8M | +0.0% |
| 1996 | $35.8M | +24.3% |
| 1997 | $48.4M | +35.3% |
| 1998 | $55.1M | +13.9% |
| 1999 | $48.3M | -12.4% |
| 2000 | $122.5M | +153.8% |
| 2001 | $40.0M | -67.4% |
| 2002 | $73.9M | +84.8% |
| 2003 | $39.1M | -47.1% |
| 2004 | $24.6M | -37.2% |
| 2005 | $56.8M | +131.3% |
| 2006 | $730.2M | +1185.7% |
| 2007 | $555.4M | -23.9% |
| 2008 | $1.3B | +140.5% |
| 2009 | $701.9M | -47.5% |
| 2010 | $573.4M | -18.3% |
| 2011 | $761.1M | +32.7% |
| 2012 | $580.1M | -23.8% |
| 2013 | $726.4M | +25.2% |
| 2014 | $627.7M | -13.6% |
| 2015 | $372.4M | -40.7% |
| 2016 | $100.3M | -73.1% |
| 2017 | $185.5M | +84.9% |
| 2018 | $427.6M | +130.6% |
| 2019 | $571.1M | +33.5% |
| 2020 | $388.2M | -32.0% |
| 2021 | $311.8M | -19.7% |
| 2022 | $901.4M | +189.2% |
| 2023 | $297.4M | -67.0% |
| 2024 | $154.8M | -48.0% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| TTO to CHN | HS 847170 | New corridor | $12.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-chn-847170) |
| TTO to CHN | HS 740200 | New corridor | $6.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-chn-740200) |
| TTO to CHN | HS 382499 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-chn-382499) |
| TTO to CHN | HS 382200 | New corridor | $4.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-chn-382200) |
| TTO to India | HS 852990 | New corridor | $3.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-ind-852990) |
| TTO to KOR | HS 870340 | New corridor | $2.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-kor-870340) |
| TTO to Canada | HS 870840 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-can-870840) |
| TTO to Bangladesh | HS 271111 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/tto-bgd-271111) |

## 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.