# USA, Puerto Rico and US Virgin Islands to Portugal HS 870370 new corridor signal

This page reviews a reported new-corridor signal for vehicles: with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, capable of being charged by plugging to external source of electric power. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 91/100
- Reported period: 2024
- Buyer market imports: $134.9M
- Buyer market growth: +35.7%
- Current exporter share: 0.0%
- Share gap: 97.3%

## 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: $134.9M
- Three-year buyer-import projection: $263.5M
- Supplier countries observed: 16
- Average buyer imports: $18.7M
- Historical buyer-import peak: $134.9M
- Full-history buyer-import CAGR: +40.7%
- Latest buyer-import annual change: +35.7%

## Competition landscape

- Top supplier: Germany
- Top supplier share: 97.3%
- Market concentration: 9,474
- Exporter share: 0.0%
- Share gap to peer benchmark: 97.3%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 5,425 km
- Trade agreement: Not reported
- Business entry time: 6.5 days
- Shared spoken language score: 0.3

## Buyer economy

- GDP per person: $24.3K
- GDP per-person growth: +3.6%
- Population: 10,299k
- GDP: $249.9B
- GDP five-year CAGR: Not reported
- Investment rate: 23.0%
- Savings rate: 19.3%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $35.3K | +0.0% |

## Broader route context

Broader USA, Puerto Rico and US Virgin Islands to Portugal route exports provide route context only; they are not presented as HS 870370 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $971.4M | +0.0% |
| 1996 | $994.6M | +2.4% |
| 1997 | $996.2M | +0.2% |
| 1998 | $958.6M | -3.8% |
| 1999 | $1.1B | +14.9% |
| 2000 | $1.1B | -2.9% |
| 2001 | $1.3B | +21.9% |
| 2002 | $863.4M | -33.8% |
| 2003 | $875.5M | +1.4% |
| 2004 | $1.2B | +32.3% |
| 2005 | $1.2B | +4.0% |
| 2006 | $1.3B | +7.9% |
| 2007 | $2.0B | +54.6% |
| 2008 | $2.2B | +8.4% |
| 2009 | $1.1B | -47.4% |
| 2010 | $1.1B | -6.3% |
| 2011 | $1.4B | +28.9% |
| 2012 | $1.1B | -19.2% |
| 2013 | $920.7M | -17.7% |
| 2014 | $1.1B | +20.0% |
| 2015 | $935.5M | -15.3% |
| 2016 | $924.1M | -1.2% |
| 2017 | $1.1B | +22.9% |
| 2018 | $1.6B | +40.4% |
| 2019 | $1.6B | +2.2% |
| 2020 | $1.5B | -9.3% |
| 2021 | $2.3B | +52.4% |
| 2022 | $3.1B | +36.3% |
| 2023 | $2.3B | -25.4% |
| 2024 | $2.7B | +19.1% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| USA, Puerto Rico and US Virgin Islands to NLD | HS 860310 | New corridor | $335.6M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-nld-860310) |
| USA, Puerto Rico and US Virgin Islands to Norway | HS 999999 | New corridor | $302.6M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-nor-999999) |
| USA, Puerto Rico and US Virgin Islands to Italy | HS 040150 | New corridor | $229.8M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-ita-040150) |
| USA, Puerto Rico and US Virgin Islands to Kazakhstan | HS 260800 | New corridor | $178.7M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-kaz-260800) |
| USA, Puerto Rico and US Virgin Islands to SVN | HS 440712 | New corridor | $152.2M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-svn-440712) |
| USA, Puerto Rico and US Virgin Islands to Uzbekistan | HS 170199 | New corridor | $148.5M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-uzb-170199) |
| USA, Puerto Rico and US Virgin Islands to Greece | HS 870240 | New corridor | $141.0M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-grc-870240) |
| USA, Puerto Rico and US Virgin Islands to Mozambique | HS 270112 | New corridor | $134.0M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/usa-moz-270112) |

## 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.