# HS4 1201 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 1201 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/1201/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **1201 - Soya beans**
- Parent sector: [HS2 12 overview](https://www.yugalinks.com/trade/sector/hs2/12)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Brazil to China leads the reported HS4 1201 routes with $32.2B in 2024 and +4.3% calculated three-year growth. The HS4 subsector recorded $81.1B in latest reported trade, with -0.4% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 1201 in the workspace](https://www.yugalinks.com/app?hs=1201)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1201)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/12)
- [Review data sources](https://www.yugalinks.com/data-sources)
- [Check data coverage](https://www.yugalinks.com/data-coverage)
- [Read the methodology](https://www.yugalinks.com/methodology)
- [Read Responsible AI principles](https://www.yugalinks.com/responsible-ai)

## Summary and indicators

| Measure | Value | Interpretation |
| --- | ---: | --- |
| Latest reported HS4 trade | $81.1B | Reported value in 2024 |
| Displayed corridor value | $66.8B | Sum of the routes shown |
| HS4 3-year CAGR | -0.4% | Calculated annualized change |
| HS4 5-year CAGR | +7.9% | Calculated annualized change |
| HS4 10-year CAGR | +3.2% | Calculated annualized change |
| Latest year-on-year change | -17.7% | Calculated change from the prior year |
| Reported trend | Stable | Available HS4 trend label |
| Historical peak | $94.8B in 2022 | Reported-history comparison |
| Latest below peak | 14.4% | Calculated peak comparison |
| Exporter / importer HHI | 2,723.4 / 2,169.9 | Calculated concentration indicators |
| Trade volatility | 0.7 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 2,253 / 147 / 194 / 2 | Latest available breadth |

## Growth leaders

- **Uruguay -> China**: +27.1% calculated three-year CAGR, $926.1M latest reported value, 1.1% market share, trend Rapid growth.
- **USA, Puerto Rico and US Virgin Islands -> Italy**: +23.2% calculated three-year CAGR, $517.3M latest reported value, 0.6% market share, trend Rapid growth.
- **Canada -> China**: +18.9% calculated three-year CAGR, $542.8M latest reported value, 0.7% market share, trend Rapid growth.
- **Brazil -> Iran (Islamic Republic of)**: +14.2% calculated three-year CAGR, $793.2M latest reported value, 1% market share, trend Rapid growth.
- **USA, Puerto Rico and US Virgin Islands -> Germany**: +11.4% calculated three-year CAGR, $1.0B latest reported value, 1.3% market share, trend Rapid growth.

## Access and tariff context

FTA status, tariff fields, and distance are route context. Group averages below are calculated from the displayed routes and are not tariff recommendations.

| Access group | Reported route value | Routes | Average 3-year CAGR | Average applied tariff | Average tariff advantage |
| --- | ---: | ---: | ---: | ---: | ---: |
| FTA reported | $5.0B | 2 | +0.8% | 0.1% | +0.1 pp |
| No FTA reported | $61.9B | 23 | +3.8% | 0.2% | +0 pp |

- Lowest reported applied tariff route: **Brazil -> Spain** at 0%.
- Largest reported tariff advantage route: **USA, Puerto Rico and US Virgin Islands -> Mexico** at +0.1 pp.

## Full corridor table

| Rank | Exporter | Importer | Latest trade | 3-year CAGR | 5-year CAGR | 10-year CAGR | Market share | FTA / access | Applied tariff | MFN tariff | Preferential tariff | Tariff advantage | Distance | Historical peak | Latest below peak | Years | Trend |
| ---: | --- | --- | ---: | ---: | ---: | ---: | ---: | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | --- |
| 1 | Brazil | China | $32.2B | +4.3% | +9.4% | +6.8% | 39.7% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 18,570 km | $37.9B (2023) | 15% | 30 | Growing |
| 2 | USA, Puerto Rico and US Virgin Islands | China | $11.9B | -6.5% | +11% | -2.1% | 14.6% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,883 km | $17.5B (2022) | 32.3% | 30 | Declining |
| 3 | Paraguay | Argentina | $2.7B | +6.3% | +20% | +64.2% | 3.4% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 1,034 km | $3.1B (2023) | 12.5% | 29 | Growing |
| 4 | USA, Puerto Rico and US Virgin Islands | Mexico | $2.3B | -4.8% | +3.2% | +2.1% | 2.8% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,359 km | $3.6B (2022) | 37.2% | 30 | Declining |
| 5 | Argentina | China | $1.8B | -1.5% | -10.1% | -4.9% | 2.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 19,629 km | $4.5B (2008) | 59.1% | 29 | Stable |
| 6 | Brazil | Thailand | $1.5B | +2.5% | +20.9% | +9.2% | 1.8% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 16,409 km | $1.6B (2022) | 6.1% | 30 | Stable |
| 7 | Brazil | Spain | $1.5B | -0.8% | +17.3% | +3.7% | 1.8% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 8,361 km | $1.7B (2022) | 12.9% | 30 | Stable |
| 8 | USA, Puerto Rico and US Virgin Islands | Indonesia | $1.2B | +2.2% | +6.2% | +1.6% | 1.5% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 16,181 km | $1.2B (2022) | 3.6% | 30 | Stable |
| 9 | USA, Puerto Rico and US Virgin Islands | Japan | $1.1B | -8% | +1.9% | +0.5% | 1.3% | No FTA reported | 0% | 0% | 0% | +0 pp | 10,872 km | $1.7B (2022) | 38% | 30 | Declining |
| 10 | USA, Puerto Rico and US Virgin Islands | Germany | $1.0B | +11.4% | +15.2% | +6.1% | 1.3% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 6,402 km | $1.6B (2023) | 35.8% | 30 | Rapid growth |
| 11 | Brazil | Turkey | $1.0B | -0.5% | +16.9% | +14.3% | 1.2% | No FTA reported | 0.1% | 0.1% | 0% | +0 pp | 10,569 km | $1.2B (2022) | 17.2% | 30 | Stable |
| 12 | USA, Puerto Rico and US Virgin Islands | Egypt | $990.0M | -12.4% | -0.3% | +11.3% | 1.2% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 9,041 km | $2.0B (2022) | 51.7% | 30 | Rapid decline |
| 13 | Uruguay | China | $926.1M | +27.1% | +4.3% | -2.4% | 1.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 19,551 km | $1.2B (2013) | 24.3% | 21 | Rapid growth |
| 14 | Brazil | Iran (Islamic Republic of) | $793.2M | +14.2% | +8.4% | +38.1% | 1% | No FTA reported | 0.6% | 0.6% | Not reported | Not reported | 12,196 km | $1.3B (2022) | 37% | 29 | Rapid growth |
| 15 | Brazil | Mexico | $702.1M | +4.7% | +23.9% | +33.8% | 0.9% | No FTA reported | 0.1% | 0.1% | 0.1% | +0 pp | 7,422 km | $876.0M (2023) | 19.9% | 27 | Growing |
| 16 | Brazil | Taiwan | $652.7M | +2.8% | +21.6% | +4.3% | 0.8% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 18,812 km | $716.6M (2023) | 8.9% | 30 | Stable |
| 17 | USA, Puerto Rico and US Virgin Islands | Taiwan | $570.1M | -6.6% | -2.9% | -2.3% | 0.7% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 12,555 km | $1.1B (2022) | 47.5% | 30 | Declining |
| 18 | Brazil | Viet Nam | $564.0M | +1.1% | +19.3% | +9% | 0.7% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 16,863 km | $628.9M (2022) | 10.3% | 17 | Stable |
| 19 | Canada | China | $542.8M | +18.9% | -0.2% | +4.5% | 0.7% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,441 km | $974.5M (2018) | 44.3% | 30 | Rapid growth |
| 20 | USA, Puerto Rico and US Virgin Islands | Italy | $517.3M | +23.2% | +19% | +22% | 0.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 6,907 km | $694.5M (2023) | 25.5% | 30 | Rapid growth |
| 21 | Brazil | Italy | $487.1M | -2% | +28.8% | +7.6% | 0.6% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 9,457 km | $518.0M (2021) | 6% | 30 | Stable |
| 22 | Brazil | Russia | $484.8M | +5% | +7.3% | +5.3% | 0.6% | No FTA reported | 0.1% | 0.1% | 0.1% | +0 pp | 11,791 km | $889.1M (2022) | 45.5% | 23 | Growing |
| 23 | Brazil | Bangladesh | $475.1M | +5% | +33.4% | +37.5% | 0.6% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 15,665 km | $640.7M (2022) | 25.8% | 18 | Growing |
| 24 | USA, Puerto Rico and US Virgin Islands | Spain | $471.6M | -1.3% | -1.3% | -0.5% | 0.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 5,782 km | $634.5M (2023) | 25.7% | 30 | Stable |
| 25 | USA, Puerto Rico and US Virgin Islands | Viet Nam | $461.1M | +3.4% | +10.1% | +2.7% | 0.6% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 14,306 km | $486.5M (2018) | 5.2% | 29 | Growing |

## Definitions

Latest trade values are reported merchandise trade observations. CAGR, market share, HHI, volatility, and peak comparisons are calculated indicators over the available history. FTA, tariffs, and distance provide route context where available. Missing values remain unavailable and are not imputed or presented as forecasts.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). [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.

## Continue your research

- [Open the HS4 workspace](https://www.yugalinks.com/app?hs=1201)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1201)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/12)
- [Review data sources](https://www.yugalinks.com/data-sources)
- [Check data coverage](https://www.yugalinks.com/data-coverage)
- [Read methodology](https://www.yugalinks.com/methodology)
- [Read Responsible AI principles](https://www.yugalinks.com/responsible-ai)