# Former Republic of Vietnam to KOR HS 290124 new corridor signal

This page reviews a reported new-corridor signal for acyclic hydrocarbons: unsaturated, buta-1,3-diene and isoprene. 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: $445.2M
- Buyer market growth: +50.3%
- Current exporter share: 1.4%
- Share gap: 27.5%

## 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: $445.2M
- Three-year buyer-import projection: $869.6M
- Supplier countries observed: 18
- Average buyer imports: $279.9M
- Historical buyer-import peak: $899.7M
- Full-history buyer-import CAGR: +27.1%
- Latest buyer-import annual change: +50.3%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 28.9%
- Market concentration: 1,449
- Exporter share: 1.4%
- Share gap to peer benchmark: 27.5%

## Access profile

- Applied tariff: 12.4%
- MFN tariff: 13.7%
- Preferential tariff: 14.9%
- Approximate distance: 2,740 km
- Trade agreement: Reported yes
- Business entry time: 8 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $34.8K
- GDP per-person growth: +8.6%
- Population: 51,745k
- GDP: $1.8T
- GDP five-year CAGR: +1.4%
- Investment rate: 32.1%
- Savings rate: 33.9%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $6.1M | +0.0% |

## Broader route context

Broader Former Republic of Vietnam to KOR route exports provide route context only; they are not presented as HS 290124 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $175.4M | +0.0% |
| 1996 | $223.3M | +27.3% |
| 1997 | $247.5M | +10.8% |
| 1998 | $207.5M | -16.1% |
| 1999 | $274.0M | +32.0% |
| 2000 | $333.6M | +21.7% |
| 2001 | $391.1M | +17.3% |
| 2002 | $461.2M | +17.9% |
| 2003 | $481.6M | +4.4% |
| 2004 | $618.7M | +28.5% |
| 2005 | $669.3M | +8.2% |
| 2006 | $871.3M | +30.2% |
| 2007 | $1.3B | +49.0% |
| 2008 | $1.8B | +41.1% |
| 2009 | $2.2B | +18.7% |
| 2010 | $3.1B | +43.4% |
| 2011 | $4.8B | +54.2% |
| 2012 | $5.4B | +11.9% |
| 2013 | $6.7B | +24.5% |
| 2014 | $7.4B | +10.5% |
| 2015 | $9.2B | +24.8% |
| 2016 | $11.9B | +28.3% |
| 2017 | $15.3B | +28.9% |
| 2018 | $18.6B | +21.7% |
| 2019 | $20.0B | +7.6% |
| 2020 | $19.5B | -2.7% |
| 2021 | $22.4B | +15.3% |
| 2022 | $25.0B | +11.3% |
| 2023 | $24.2B | -3.2% |
| 2024 | $27.0B | +11.7% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Former Republic of Vietnam to Japan | HS 260300 | New corridor | $12.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-jpn-260300) |
| Former Republic of Vietnam to USA, Puerto Rico and US Virgin Islands | HS 740311 | New corridor | $8.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-usa-740311) |
| Former Republic of Vietnam to Japan | HS 880240 | New corridor | $4.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-jpn-880240) |
| Former Republic of Vietnam to BGR | HS 270900 | New corridor | $2.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-bgr-270900) |
| Former Republic of Vietnam to Canada | HS 870360 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-can-870360) |
| Former Republic of Vietnam to Switzerland | HS 300214 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-che-300214) |
| Former Republic of Vietnam to USA, Puerto Rico and US Virgin Islands | HS 220830 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-usa-220830) |
| Former Republic of Vietnam to ARE | HS 880240 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/vnm-are-880240) |

## 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.