# Nigeria to CHN HS 271311 new corridor signal

This page reviews a reported new-corridor signal for petroleum coke: (not calcined), obtained from bituminous minerals. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 91/100
- Reported period: 2024
- Buyer market imports: $1.7B
- Buyer market growth: -41.6%
- Current exporter share: 0.0%
- Share gap: 28.2%

## 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: $1.7B
- Three-year buyer-import projection: $3.2B
- Supplier countries observed: 37
- Average buyer imports: $596.6M
- Historical buyer-import peak: $3.8B
- Full-history buyer-import CAGR: +30.7%
- Latest buyer-import annual change: -41.6%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 28.2%
- Market concentration: 1,399
- Exporter share: 0.0%
- Share gap to peer benchmark: 28.2%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 11,466 km
- Trade agreement: Not reported
- Business entry time: 8.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $12.6K
- GDP per-person growth: +30.3%
- Population: 1,412,360k
- GDP: $17.7T
- GDP five-year CAGR: Not reported
- Investment rate: 44.5%
- Savings rate: 45.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $34.8K | +0.0% |

## Broader route context

Broader Nigeria to CHN route exports provide route context only; they are not presented as HS 271311 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $36.9M | +0.0% |
| 1996 | $6.7M | -82.0% |
| 1997 | $8.1M | +22.1% |
| 1998 | $32.4M | +299.5% |
| 1999 | $186.9M | +476.4% |
| 2000 | $221.7M | +18.6% |
| 2001 | $185.9M | -16.1% |
| 2002 | $103.5M | -44.3% |
| 2003 | $104.9M | +1.3% |
| 2004 | $349.5M | +233.2% |
| 2005 | $405.5M | +16.0% |
| 2006 | $138.6M | -65.8% |
| 2007 | $658.6M | +375.3% |
| 2008 | $396.7M | -39.8% |
| 2009 | $772.8M | +94.8% |
| 2010 | $1.1B | +40.6% |
| 2011 | $1.5B | +41.0% |
| 2012 | $3.5B | +130.3% |
| 2013 | $1.3B | -61.9% |
| 2014 | $2.3B | +69.9% |
| 2015 | $1.1B | -50.1% |
| 2016 | $736.0M | -35.4% |
| 2017 | $1.3B | +79.6% |
| 2018 | $1.5B | +17.1% |
| 2019 | $2.1B | +37.1% |
| 2020 | $2.1B | -0.2% |
| 2021 | $2.4B | +14.9% |
| 2022 | $1.2B | -49.4% |
| 2023 | $2.1B | +73.2% |
| 2024 | $2.8B | +32.2% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Nigeria to Malaysia | HS 271019 | New corridor | $13.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-mys-271019) |
| Nigeria to France | HS 710812 | New corridor | $4.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-fra-710812) |
| Nigeria to Hungary | HS 270900 | New corridor | $2.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-hun-270900) |
| Nigeria to USA, Puerto Rico and US Virgin Islands | HS 401511 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-usa-401511) |
| Nigeria to USA, Puerto Rico and US Virgin Islands | HS 961700 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-usa-961700) |
| Nigeria to Marshall Islands | HS 890120 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-mhl-890120) |
| Nigeria to Italy | HS 300212 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-ita-300212) |
| Nigeria to Spain | HS 293499 | New corridor | $1.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-esp-293499) |

## 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.