# ZMB to India HS 721899 new corridor signal

This page reviews a reported new-corridor signal for steel, stainless: semi-finished products, other than of rectangular cross-section. 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: $247.1M
- Buyer market growth: +219.5%
- Current exporter share: 0.1%
- Share gap: 83.9%

## 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: $247.1M
- Three-year buyer-import projection: $338.9M
- Supplier countries observed: 29
- Average buyer imports: $36.4M
- Historical buyer-import peak: $247.1M
- Full-history buyer-import CAGR: +11.1%
- Latest buyer-import annual change: +219.5%

## Competition landscape

- Top supplier: Indonesia + Timor-Leste
- Top supplier share: 84.0%
- Market concentration: 7,256
- Exporter share: 0.1%
- Share gap to peer benchmark: 83.9%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 7,197 km
- Trade agreement: Not reported
- Business entry time: 17.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $2.3K
- GDP per-person growth: +36.0%
- Population: 1,393,409k
- GDP: $3.2T
- GDP five-year CAGR: Not reported
- Investment rate: 35.7%
- Savings rate: 30.9%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $124.9K | +0.0% |

## Broader route context

Broader ZMB to India route exports provide route context only; they are not presented as HS 721899 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $91.0M | +0.0% |
| 1996 | $80.1M | -12.0% |
| 1997 | $67.1M | -16.2% |
| 1998 | $32.8M | -51.2% |
| 1999 | $19.9M | -39.2% |
| 2000 | $10.8M | -46.0% |
| 2001 | $39.1M | +263.9% |
| 2002 | $15.8M | -59.5% |
| 2003 | $21.3M | +34.2% |
| 2004 | $17.4M | -17.9% |
| 2005 | $33.6M | +92.8% |
| 2006 | $132.8M | +294.9% |
| 2007 | $58.5M | -55.9% |
| 2008 | $101.3M | +73.1% |
| 2009 | $120.9M | +19.3% |
| 2010 | $38.8M | -67.9% |
| 2011 | $111.4M | +187.2% |
| 2012 | $142.5M | +28.0% |
| 2013 | $222.4M | +56.1% |
| 2014 | $115.6M | -48.1% |
| 2015 | $219.6M | +90.0% |
| 2016 | $369.3M | +68.2% |
| 2017 | $555.0M | +50.3% |
| 2018 | $390.9M | -29.6% |
| 2019 | $250.4M | -35.9% |
| 2020 | $61.8M | -75.3% |
| 2021 | $118.1M | +91.2% |
| 2022 | $120.6M | +2.1% |
| 2023 | $826.7M | +585.5% |
| 2024 | $877.5M | +6.1% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| ZMB to USA, Puerto Rico and US Virgin Islands | HS 870829 | New corridor | $20.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-usa-870829) |
| ZMB to Germany | HS 271019 | New corridor | $19.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-deu-271019) |
| ZMB to Canada | HS 870324 | New corridor | $6.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-can-870324) |
| ZMB to USA, Puerto Rico and US Virgin Islands | HS 851830 | New corridor | $5.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-usa-851830) |
| ZMB to USA, Puerto Rico and US Virgin Islands | HS 220421 | New corridor | $4.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-usa-220421) |
| ZMB to Indonesia + Timor-Leste | HS 851712 | New corridor | $3.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-idn-851712) |
| ZMB to USA, Puerto Rico and US Virgin Islands | HS 902110 | New corridor | $2.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-usa-902110) |
| ZMB to Germany | HS 190590 | New corridor | $2.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/zmb-deu-190590) |

## 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.