# Nigeria to Hungary 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: 6/100
- Reported period: 2024
- Buyer market imports: $2.9B
- Buyer market growth: +4.2%
- Current exporter share: 0.0%
- Share gap: 77.0%

## 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: $2.9B
- Three-year buyer-import projection: $3.4B
- Supplier countries observed: 12
- Average buyer imports: $2.3B
- Historical buyer-import peak: $4.8B
- Full-history buyer-import CAGR: +5.4%
- Latest buyer-import annual change: +4.2%

## Competition landscape

- Top supplier: Russian Federation
- Top supplier share: 77.0%
- Market concentration: 6,185
- Exporter share: 0.0%
- Share gap to peer benchmark: 77.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 4,804 km
- Trade agreement: Not reported
- Business entry time: 7 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $18.8K
- GDP per-person growth: +5.8%
- Population: 9,710k
- GDP: $182.3B
- GDP five-year CAGR: Not reported
- Investment rate: 26.1%
- Savings rate: 30.5%

## Product-level history

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

## Broader route context

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

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $1.6M | +0.0% |
| 1996 | $530.7K | -67.7% |
| 1997 | $74.6K | -86.0% |
| 1998 | $853.8K | +1045.2% |
| 1999 | $1.2M | +46.3% |
| 2000 | $101.7K | -91.9% |
| 2001 | $429.8K | +322.4% |
| 2002 | $791.6K | +84.2% |
| 2003 | $1.2M | +46.3% |
| 2004 | $428.3K | -63.0% |
| 2005 | $118.5K | -72.3% |
| 2006 | $6.6K | -94.4% |
| 2007 | $23.4K | +254.6% |
| 2008 | $200.7K | +756.5% |
| 2009 | $40.3K | -79.9% |
| 2010 | $736.3K | +1727.1% |
| 2011 | $1.1M | +54.5% |
| 2012 | $28.4K | -97.5% |
| 2013 | $1.1M | +3729.7% |
| 2014 | $62.5K | -94.3% |
| 2015 | $18.3K | -70.8% |
| 2016 | $104.0K | +470.0% |
| 2017 | $64.0K | -38.5% |
| 2018 | $246.9K | +285.9% |
| 2019 | $807.6K | +227.1% |
| 2020 | $1.0M | +29.7% |
| 2021 | $3.1M | +196.9% |
| 2022 | $4.6M | +48.6% |
| 2023 | $11.4M | +147.5% |
| 2024 | $3.4M | -70.5% |

## 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 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 CHN | HS 271311 | New corridor | $1.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nga-chn-271311) |
| 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.