# YEM to KOR HS 854370 new corridor signal

This page reviews a reported new-corridor signal for electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 60/100
- Reported period: 2024
- Buyer market imports: $1.3B
- Buyer market growth: +7.5%
- Current exporter share: 0.0%
- Share gap: 38.2%

## 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: $1.3B
- Three-year buyer-import projection: $1.5B
- Supplier countries observed: 98
- Average buyer imports: $583.7M
- Historical buyer-import peak: $1.3B
- Full-history buyer-import CAGR: +5.1%
- Latest buyer-import annual change: +7.5%

## Competition landscape

- Top supplier: CHN
- Top supplier share: 38.2%
- Market concentration: 2,054
- Exporter share: 0.0%
- Share gap to peer benchmark: 38.2%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,353 km
- Trade agreement: Not reported
- 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: Not reported
- Investment rate: 32.1%
- Savings rate: 33.9%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $1.0K | +0.0% |

## Broader route context

Broader YEM to KOR route exports provide route context only; they are not presented as HS 854370 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $430.7M | +0.0% |
| 1996 | $352.7M | -18.1% |
| 1997 | $438.2M | +24.2% |
| 1998 | $147.2M | -66.4% |
| 1999 | $210.1M | +42.7% |
| 2000 | $408.3M | +94.3% |
| 2001 | $311.2M | -23.8% |
| 2002 | $300.4M | -3.5% |
| 2003 | $206.0M | -31.4% |
| 2004 | $133.5M | -35.2% |
| 2005 | $326.3M | +144.4% |
| 2006 | $332.7M | +2.0% |
| 2007 | $236.2M | -29.0% |
| 2008 | $266.7M | +12.9% |
| 2009 | $43.7M | -83.6% |
| 2010 | $329.0M | +652.9% |
| 2011 | $809.5M | +146.0% |
| 2012 | $687.3M | -15.1% |
| 2013 | $1.3B | +88.9% |
| 2014 | $1.6B | +24.8% |
| 2015 | $314.1M | -80.6% |
| 2016 | $16.0M | -94.9% |
| 2017 | $38.9M | +143.2% |
| 2018 | $48.4M | +24.3% |
| 2019 | $39.0M | -19.3% |
| 2020 | $36.4M | -6.8% |
| 2021 | $43.9M | +20.7% |
| 2022 | $51.1M | +16.2% |
| 2023 | $33.2M | -35.0% |
| 2024 | $33.7M | +1.5% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| YEM to Germany | HS 640399 | New corridor | $3.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-deu-640399) |
| YEM to USA, Puerto Rico and US Virgin Islands | HS 870310 | New corridor | $2.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-usa-870310) |
| YEM to France | HS 180690 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-fra-180690) |
| YEM to Austria | HS 851762 | New corridor | $1.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-aut-851762) |
| YEM to Spain | HS 640399 | New corridor | $1.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-esp-640399) |
| YEM to USA, Puerto Rico and US Virgin Islands | HS 392119 | New corridor | $969.4M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-usa-392119) |
| YEM to USA, Puerto Rico and US Virgin Islands | HS 220110 | New corridor | $786.4M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-usa-220110) |
| YEM to Canada | HS 901839 | New corridor | $687.9M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/yem-can-901839) |

## 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.