# Former Republic of Vietnam to TUR HS 840681 new corridor signal

This page reviews a reported new-corridor signal for turbines: steam and other vapour turbines, (for other than marine propulsion), of an output exceeding 40mw. 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: $230.3M
- Buyer market growth: +93.0%
- Current exporter share: 0.1%
- Share gap: 25.8%

## 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: $230.3M
- Three-year buyer-import projection: $416.6M
- Supplier countries observed: 17
- Average buyer imports: $46.7M
- Historical buyer-import peak: $230.3M
- Full-history buyer-import CAGR: +21.8%
- Latest buyer-import annual change: +93.0%

## Competition landscape

- Top supplier: Russian Federation
- Top supplier share: 25.9%
- Market concentration: 1,873
- Exporter share: 0.1%
- Share gap to peer benchmark: 25.8%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 7,429 km
- Trade agreement: Not reported
- Business entry time: 7 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $9.6K
- GDP per-person growth: +17.3%
- Population: 85,043k
- GDP: $815.3B
- GDP five-year CAGR: Not reported
- Investment rate: 27.5%
- Savings rate: 23.3%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $163.8K | +0.0% |

## Broader route context

Broader Former Republic of Vietnam to TUR route exports provide route context only; they are not presented as HS 840681 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $3.7M | +0.0% |
| 1996 | $6.1M | +64.4% |
| 1997 | $9.5M | +55.2% |
| 1998 | $12.4M | +30.4% |
| 1999 | $13.1M | +5.8% |
| 2000 | $20.8M | +59.0% |
| 2001 | $17.1M | -17.8% |
| 2002 | $32.2M | +88.8% |
| 2003 | $44.0M | +36.4% |
| 2004 | $66.8M | +51.9% |
| 2005 | $89.9M | +34.7% |
| 2006 | $166.3M | +84.9% |
| 2007 | $256.0M | +54.0% |
| 2008 | $366.2M | +43.0% |
| 2009 | $374.3M | +2.2% |
| 2010 | $640.8M | +71.2% |
| 2011 | $893.7M | +39.5% |
| 2012 | $1.0B | +16.0% |
| 2013 | $1.4B | +38.8% |
| 2014 | $1.8B | +25.5% |
| 2015 | $1.7B | -6.7% |
| 2016 | $1.6B | -5.9% |
| 2017 | $2.3B | +47.5% |
| 2018 | $1.7B | -27.2% |
| 2019 | $1.4B | -19.9% |
| 2020 | $1.2B | -13.1% |
| 2021 | $1.4B | +19.1% |
| 2022 | $1.8B | +30.4% |
| 2023 | $2.3B | +24.0% |
| 2024 | $2.5B | +8.1% |

## 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.