# Canada to Nigeria HS 151110 new corridor signal

This page reviews a reported new-corridor signal for vegetable oils: palm oil and its fractions, crude, not chemically modified. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 66/100
- Reported period: 2024
- Buyer market imports: $48.2M
- Buyer market growth: +41.2%
- Current exporter share: 0.0%
- Share gap: 38.1%

## 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: $48.2M
- Three-year buyer-import projection: $94.2M
- Supplier countries observed: 9
- Average buyer imports: $40.6M
- Historical buyer-import peak: $140.2M
- Full-history buyer-import CAGR: +35.4%
- Latest buyer-import annual change: +41.2%

## Competition landscape

- Top supplier: Malaysia
- Top supplier share: 38.1%
- Market concentration: 3,366
- Exporter share: 0.0%
- Share gap to peer benchmark: 38.1%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 8,946 km
- Trade agreement: Not reported
- Business entry time: 7.2 days
- Shared spoken language score: 0.5

## Buyer economy

- GDP per person: $2.1K
- GDP per-person growth: +32.8%
- Population: 211,401k
- GDP: $440.8B
- GDP five-year CAGR: Not reported
- Investment rate: 26.3%
- Savings rate: 20.4%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $2.0K | +0.0% |

## Broader route context

Broader Canada to Nigeria route exports provide route context only; they are not presented as HS 151110 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $15.8M | +0.0% |
| 1996 | $36.6M | +132.1% |
| 1997 | $74.9M | +104.7% |
| 1998 | $112.6M | +50.3% |
| 1999 | $17.5M | -84.4% |
| 2000 | $36.5M | +108.4% |
| 2001 | $56.6M | +54.8% |
| 2002 | $43.5M | -23.1% |
| 2003 | $48.5M | +11.4% |
| 2004 | $53.9M | +11.1% |
| 2005 | $80.2M | +48.9% |
| 2006 | $180.7M | +125.2% |
| 2007 | $152.8M | -15.4% |
| 2008 | $86.5M | -43.4% |
| 2009 | $149.5M | +72.9% |
| 2010 | $161.6M | +8.2% |
| 2011 | $155.5M | -3.8% |
| 2012 | $224.7M | +44.5% |
| 2013 | $384.9M | +71.3% |
| 2014 | $406.9M | +5.7% |
| 2015 | $324.4M | -20.3% |
| 2016 | $245.8M | -24.2% |
| 2017 | $353.5M | +43.8% |
| 2018 | $388.7M | +9.9% |
| 2019 | $415.6M | +6.9% |
| 2020 | $512.3M | +23.3% |
| 2021 | $404.5M | -21.0% |
| 2022 | $408.5M | +1.0% |
| 2023 | $379.9M | -7.0% |
| 2024 | $294.8M | -22.4% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Canada to Japan | HS 271111 | New corridor | $36.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-jpn-271111) |
| Canada to Slovakia | HS 270900 | New corridor | $2.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-svk-270900) |
| Canada to TUR | HS 870380 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-tur-870380) |
| Canada to Belgium | HS 290121 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-bel-290121) |
| Canada to BRA | HS 870380 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-bra-870380) |
| Canada to Indonesia + Timor-Leste | HS 180100 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-idn-180100) |
| Canada to Finland | HS 870380 | New corridor | $1.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-fin-870380) |
| Canada to Japan | HS 271113 | New corridor | $903.7M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/can-jpn-271113) |

## 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.