# Senegal to CHN 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: 100/100
- Reported period: 2024
- Buyer market imports: $291.6B
- Buyer market growth: -6.7%
- Current exporter share: 0.2%
- Share gap: 20.4%

## 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: $291.6B
- Three-year buyer-import projection: $480.3B
- Supplier countries observed: 46
- Average buyer imports: $119.6B
- Historical buyer-import peak: $336.5B
- Full-history buyer-import CAGR: +18.1%
- Latest buyer-import annual change: -6.7%

## Competition landscape

- Top supplier: Russian Federation
- Top supplier share: 20.6%
- Market concentration: 1,091
- Exporter share: 0.2%
- Share gap to peer benchmark: 20.4%

## Access profile

- Applied tariff: 28.8%
- MFN tariff: 30.2%
- Preferential tariff: 1.9%
- Approximate distance: 12,313 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: +5.2%
- Investment rate: 44.5%
- Savings rate: 45.8%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $568.0M | +0.0% |

## Broader route context

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

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $275.6K | +0.0% |
| 1996 | $1.2M | +339.9% |
| 1997 | $357.4K | -70.5% |
| 1998 | $378.2K | +5.8% |
| 1999 | $537.2K | +42.0% |
| 2000 | $6.1M | +1040.7% |
| 2001 | $1.2M | -81.0% |
| 2002 | $829.9K | -28.9% |
| 2003 | $9.8M | +1076.2% |
| 2004 | $4.9M | -50.3% |
| 2005 | $6.5M | +33.6% |
| 2006 | $9.1M | +41.0% |
| 2007 | $15.0M | +63.8% |
| 2008 | $4.9M | -67.1% |
| 2009 | $32.0M | +549.9% |
| 2010 | $37.1M | +15.9% |
| 2011 | $49.1M | +32.2% |
| 2012 | $36.4M | -25.9% |
| 2013 | $29.5M | -18.8% |
| 2014 | $40.8M | +38.3% |
| 2015 | $107.3M | +162.6% |
| 2016 | $128.1M | +19.4% |
| 2017 | $118.7M | -7.3% |
| 2018 | $117.4M | -1.1% |
| 2019 | $261.2M | +122.5% |
| 2020 | $268.9M | +2.9% |
| 2021 | $361.5M | +34.4% |
| 2022 | $233.9M | -35.3% |
| 2023 | $257.1M | +9.9% |
| 2024 | $866.4M | +237.0% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Senegal to Italy | HS 270900 | New corridor | $38.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-ita-270900) |
| Senegal to Malaysia | HS 854231 | New corridor | $21.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-mys-854231) |
| Senegal to SGP | HS 271012 | New corridor | $20.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-sgp-271012) |
| Senegal to Thailand | HS 710812 | New corridor | $14.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-tha-710812) |
| Senegal to CHN | HS 854140 | New corridor | $6.0B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-chn-854140) |
| Senegal to USA, Puerto Rico and US Virgin Islands | HS 611030 | New corridor | $5.5B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-usa-611030) |
| Senegal to Austria | HS 300212 | New corridor | $3.7B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-aut-300212) |
| Senegal to CHN | HS 100590 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/sen-chn-100590) |

## 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.