# Venezuela to Spain HS 270799 new corridor signal

This page reviews a reported new-corridor signal for oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707. 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: $932.4M
- Buyer market growth: +95.6%
- Current exporter share: 0.6%
- Share gap: 21.3%

## 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: $932.4M
- Three-year buyer-import projection: $1.4B
- Supplier countries observed: 26
- Average buyer imports: $162.0M
- Historical buyer-import peak: $932.4M
- Full-history buyer-import CAGR: +13.4%
- Latest buyer-import annual change: +95.6%

## Competition landscape

- Top supplier: France
- Top supplier share: 21.9%
- Market concentration: 1,388
- Exporter share: 0.6%
- Share gap to peer benchmark: 21.3%

## Access profile

- Applied tariff: 1.1%
- MFN tariff: 5.9%
- Preferential tariff: 0.7%
- Approximate distance: 6,995 km
- Trade agreement: Not reported
- Business entry time: 12.5 days
- Shared spoken language score: 1

## Buyer economy

- GDP per person: $30.1K
- GDP per-person growth: +1.9%
- Population: 47,327k
- GDP: $1.4T
- GDP five-year CAGR: +4.2%
- Investment rate: 24.3%
- Savings rate: 22.0%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $6.0M | +0.0% |

## Broader route context

Broader Venezuela to Spain route exports provide route context only; they are not presented as HS 270799 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $124.9M | +0.0% |
| 1996 | $218.2M | +74.7% |
| 1997 | $240.0M | +10.0% |
| 1998 | $266.3M | +11.0% |
| 1999 | $244.8M | -8.1% |
| 2000 | $435.5M | +77.9% |
| 2001 | $546.1M | +25.4% |
| 2002 | $611.7M | +12.0% |
| 2003 | $269.1M | -56.0% |
| 2004 | $343.9M | +27.8% |
| 2005 | $844.6M | +145.6% |
| 2006 | $2.2B | +164.8% |
| 2007 | $2.0B | -9.5% |
| 2008 | $2.4B | +17.5% |
| 2009 | $1.6B | -34.7% |
| 2010 | $1.0B | -33.7% |
| 2011 | $726.5M | -29.4% |
| 2012 | $1.7B | +129.0% |
| 2013 | $1.8B | +8.3% |
| 2014 | $1.7B | -5.8% |
| 2015 | $889.6M | -47.6% |
| 2016 | $265.3M | -70.2% |
| 2017 | $400.2M | +50.8% |
| 2018 | $301.4M | -24.7% |
| 2019 | $857.3M | +184.4% |
| 2020 | $312.9M | -63.5% |
| 2021 | $67.0M | -78.6% |
| 2022 | $547.8M | +718.0% |
| 2023 | $628.5M | +14.7% |
| 2024 | $1.4B | +116.3% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Venezuela to Poland | HS 270900 | New corridor | $16.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-pol-270900) |
| Venezuela to India | HS 851770 | New corridor | $10.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-ind-851770) |
| Venezuela to Belgium | HS 270799 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-bel-270799) |
| Venezuela to CHN | HS 901839 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-chn-901839) |
| Venezuela to Spain | HS 854430 | New corridor | $1.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-esp-854430) |
| Venezuela to Malaysia | HS 260111 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-mys-260111) |
| Venezuela to Norway | HS 300490 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-nor-300490) |
| Venezuela to Saudi Arabia | HS 847130 | New corridor | $1.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/ven-sau-847130) |

## 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.