# ARG to PAN HS 270900 new corridor signal

This page reviews a reported new-corridor signal for oils: petroleum oils and oils obtained from bituminous minerals, crude. 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: $13.1B
- Buyer market growth: +33.2%
- Current exporter share: 0.4%
- Share gap: 39.9%

## 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: $13.1B
- Three-year buyer-import projection: $21.2B
- Supplier countries observed: 9
- Average buyer imports: $3.0B
- Historical buyer-import peak: $16.2B
- Full-history buyer-import CAGR: +17.2%
- Latest buyer-import annual change: +33.2%

## Competition landscape

- Top supplier: Ecuador
- Top supplier share: 40.3%
- Market concentration: 2,978
- Exporter share: 0.4%
- Share gap to peer benchmark: 39.9%

## Access profile

- Applied tariff: 12.2%
- MFN tariff: 12.2%
- Preferential tariff: 0.0%
- Approximate distance: 5,335 km
- Trade agreement: Not reported
- Business entry time: 6 days
- Shared spoken language score: 0.9

## Buyer economy

- GDP per person: $14.5K
- GDP per-person growth: +20.6%
- Population: 4,382k
- GDP: $63.6B
- GDP five-year CAGR: +4.4%
- Investment rate: 37.8%
- Savings rate: 37.6%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $55.2M | +0.0% |

## Broader route context

Broader ARG to PAN route exports provide route context only; they are not presented as HS 270900 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $30.2M | +0.0% |
| 1996 | $30.4M | +0.5% |
| 1997 | $23.8M | -21.7% |
| 1998 | $16.7M | -29.7% |
| 1999 | $28.4M | +69.8% |
| 2000 | $27.2M | -4.0% |
| 2001 | $32.1M | +18.0% |
| 2002 | $25.6M | -20.4% |
| 2003 | $50.8M | +98.3% |
| 2004 | $71.3M | +40.6% |
| 2005 | $60.8M | -14.8% |
| 2006 | $98.6M | +62.2% |
| 2007 | $121.0M | +22.7% |
| 2008 | $76.4M | -36.9% |
| 2009 | $63.9M | -16.4% |
| 2010 | $62.7M | -1.8% |
| 2011 | $121.7M | +94.1% |
| 2012 | $163.3M | +34.2% |
| 2013 | $108.7M | -33.4% |
| 2014 | $75.1M | -30.9% |
| 2015 | $67.5M | -10.1% |
| 2016 | $66.3M | -1.8% |
| 2017 | $113.9M | +71.6% |
| 2018 | $125.7M | +10.4% |
| 2019 | $148.9M | +18.5% |
| 2020 | $135.0M | -9.4% |
| 2021 | $146.7M | +8.6% |
| 2022 | $206.1M | +40.5% |
| 2023 | $167.8M | -18.6% |
| 2024 | $264.6M | +57.7% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| ARG to India | HS 271112 | New corridor | $5.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-ind-271112) |
| ARG to India | HS 271113 | New corridor | $5.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-ind-271113) |
| ARG to Russian Federation | HS 841191 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-rus-841191) |
| ARG to Germany | HS 870423 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-deu-870423) |
| ARG to Saudi Arabia | HS 711319 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-sau-711319) |
| ARG to KOR | HS 260700 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-kor-260700) |
| ARG to Japan | HS 950450 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-jpn-950450) |
| ARG to KOR | HS 282520 | New corridor | $1.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/arg-kor-282520) |

## 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.