# NLD to Mexico HS 120241 new corridor signal

This page reviews a reported new-corridor signal for ground-nuts: other than seed, not roasted or otherwise cooked, in shell. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 67/100
- Reported period: 2024
- Buyer market imports: $28.3M
- Buyer market growth: +14.5%
- Current exporter share: 0.0%
- Share gap: 79.8%

## 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: $28.3M
- Three-year buyer-import projection: $41.3M
- Supplier countries observed: 13
- Average buyer imports: $10.9M
- Historical buyer-import peak: $38.9M
- Full-history buyer-import CAGR: +13.4%
- Latest buyer-import annual change: +14.5%

## Competition landscape

- Top supplier: USA, Puerto Rico and US Virgin Islands
- Top supplier share: 79.8%
- Market concentration: 6,762
- Exporter share: 0.0%
- Share gap to peer benchmark: 79.8%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 9,229 km
- Trade agreement: Reported yes
- Business entry time: 8.4 days
- Shared spoken language score: 0.1

## Buyer economy

- GDP per person: $9.9K
- GDP per-person growth: +8.8%
- Population: 130,262k
- GDP: $1.3T
- GDP five-year CAGR: Not reported
- Investment rate: 23.5%
- Savings rate: 22.5%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $2.3K | +0.0% |

## Broader route context

Broader NLD to Mexico route exports provide route context only; they are not presented as HS 120241 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $207.4M | +0.0% |
| 1996 | $234.6M | +13.1% |
| 1997 | $294.4M | +25.5% |
| 1998 | $339.2M | +15.2% |
| 1999 | $312.4M | -7.9% |
| 2000 | $383.5M | +22.8% |
| 2001 | $449.7M | +17.3% |
| 2002 | $542.9M | +20.7% |
| 2003 | $556.5M | +2.5% |
| 2004 | $693.5M | +24.6% |
| 2005 | $866.5M | +24.9% |
| 2006 | $1.5B | +73.5% |
| 2007 | $2.2B | +43.6% |
| 2008 | $3.8B | +76.5% |
| 2009 | $2.1B | -46.0% |
| 2010 | $2.7B | +33.5% |
| 2011 | $3.0B | +8.6% |
| 2012 | $3.5B | +18.2% |
| 2013 | $4.2B | +18.7% |
| 2014 | $3.9B | -5.7% |
| 2015 | $3.0B | -24.3% |
| 2016 | $2.1B | -29.5% |
| 2017 | $2.6B | +23.5% |
| 2018 | $2.8B | +6.4% |
| 2019 | $2.5B | -8.3% |
| 2020 | $2.3B | -10.4% |
| 2021 | $2.9B | +28.7% |
| 2022 | $4.3B | +46.3% |
| 2023 | $2.6B | -39.4% |
| 2024 | $2.4B | -8.0% |

## 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.