# NLD to Colombia 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: 99/100
- Reported period: 2024
- Buyer market imports: $61.5M
- Buyer market growth: +24.4%
- Current exporter share: 0.1%
- Share gap: 55.0%

## 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: $61.5M
- Three-year buyer-import projection: $120.2M
- Supplier countries observed: 6
- Average buyer imports: $38.5M
- Historical buyer-import peak: $149.0M
- Full-history buyer-import CAGR: +57.8%
- Latest buyer-import annual change: +24.4%

## Competition landscape

- Top supplier: Ecuador
- Top supplier share: 55.1%
- Market concentration: 5,016
- Exporter share: 0.1%
- Share gap to peer benchmark: 55.0%

## Access profile

- Applied tariff: 9.8%
- MFN tariff: 10.1%
- Preferential tariff: 2.8%
- Approximate distance: 8,927 km
- Trade agreement: Reported yes
- Business entry time: 10 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $6.1K
- GDP per-person growth: +12.7%
- Population: 51,266k
- GDP: $314.3B
- GDP five-year CAGR: +5.3%
- Investment rate: 21.8%
- Savings rate: 19.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $89.0K | +0.0% |

## Broader route context

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

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $106.8M | +0.0% |
| 1996 | $120.3M | +12.7% |
| 1997 | $130.6M | +8.6% |
| 1998 | $115.7M | -11.4% |
| 1999 | $88.5M | -23.5% |
| 2000 | $89.6M | +1.2% |
| 2001 | $85.0M | -5.2% |
| 2002 | $81.0M | -4.7% |
| 2003 | $143.3M | +76.9% |
| 2004 | $157.9M | +10.2% |
| 2005 | $309.1M | +95.7% |
| 2006 | $341.5M | +10.5% |
| 2007 | $358.1M | +4.9% |
| 2008 | $368.0M | +2.7% |
| 2009 | $281.1M | -23.6% |
| 2010 | $381.8M | +35.8% |
| 2011 | $382.8M | +0.3% |
| 2012 | $342.0M | -10.7% |
| 2013 | $462.7M | +35.3% |
| 2014 | $465.2M | +0.6% |
| 2015 | $513.1M | +10.3% |
| 2016 | $373.1M | -27.3% |
| 2017 | $406.6M | +9.0% |
| 2018 | $350.7M | -13.8% |
| 2019 | $339.6M | -3.1% |
| 2020 | $319.8M | -5.8% |
| 2021 | $594.6M | +85.9% |
| 2022 | $707.9M | +19.1% |
| 2023 | $718.8M | +1.5% |
| 2024 | $659.7M | -8.2% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| NLD to CHN | HS 880240 | New corridor | $11.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-chn-880240) |
| NLD to Taiwan | HS 271111 | New corridor | $10.2B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-twn-271111) |
| NLD to AUS | HS 870340 | New corridor | $4.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-aus-870340) |
| NLD to Malaysia | HS 271111 | New corridor | $2.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-mys-271111) |
| NLD to Mexico | HS 870380 | New corridor | $1.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-mex-870380) |
| NLD to NZL | HS 870340 | New corridor | $861.1M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-nzl-870340) |
| NLD to Mozambique | HS 740311 | New corridor | $779.0M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-moz-740311) |
| NLD to KOR | HS 260112 | New corridor | $776.9M | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/nld-kor-260112) |

## 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.