# HS4 1203 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
> [Follow Yugalinks on LinkedIn](https://in.linkedin.com/company/yugalinks)

Explore reported HS4 1203 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/1203/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **1203 - Copra**
- Parent sector: [HS2 12 overview](https://www.yugalinks.com/trade/sector/hs2/12)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Indonesia to Bangladesh leads the reported HS4 1203 routes with $17.3M in 2024 and -13.1% calculated three-year growth. The HS4 subsector recorded $78.0M in latest reported trade, with -10.7% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 1203 in the workspace](https://www.yugalinks.com/app?hs=1203)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1203)
- [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 | $78.0M | Reported value in 2024 |
| Displayed corridor value | $75.1M | Sum of the routes shown |
| HS4 3-year CAGR | -10.7% | Calculated annualized change |
| HS4 5-year CAGR | -1.2% | Calculated annualized change |
| HS4 10-year CAGR | -3.9% | Calculated annualized change |
| Latest year-on-year change | -10.5% | Calculated change from the prior year |
| Reported trend | Rapid decline | Available HS4 trend label |
| Historical peak | $188.1M in 2011 | Reported-history comparison |
| Latest below peak | 58.5% | Calculated peak comparison |
| Exporter / importer HHI | 2,123.4 / 1,661.1 | Calculated concentration indicators |
| Trade volatility | 0.3 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 258 / 55 / 107 / 1 | Latest available breadth |

## Growth leaders

- **India -> Iran (Islamic Republic of)**: +83.3% calculated three-year CAGR, $1.0M latest reported value, 1.3% market share, trend Rapid growth.
- **Viet Nam -> China**: +53.5% calculated three-year CAGR, $652.6K latest reported value, 0.8% market share, trend Rapid growth.
- **India -> Viet Nam**: +50.1% calculated three-year CAGR, $224.7K latest reported value, 0.3% market share, trend Rapid growth.
- **India -> United Arab Emirates**: +32.6% calculated three-year CAGR, $14.6M latest reported value, 18.7% market share, trend Rapid growth.
- **United Arab Emirates -> Pakistan**: +19% calculated three-year CAGR, $448.0K latest reported value, 0.6% 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 | $23.2M | 11 | -3.2% | 0.3% | +0.2 pp |
| No FTA reported | $51.9M | 14 | -0.3% | 0.3% | +0.1 pp |

- Lowest reported applied tariff route: **India -> Afghanistan** at 0%.
- Largest reported tariff advantage route: **India -> Bangladesh** at +0.5 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 | Indonesia | Bangladesh | $17.3M | -13.1% | +10% | +5% | 22.2% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 3,761 km | $30.2M (2022) | 42.7% | 24 | Rapid decline |
| 2 | India | United Arab Emirates | $14.6M | +32.6% | +169.5% | +45.8% | 18.7% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 2,204 km | $14.6M (2024) | 0% | 27 | Rapid growth |
| 3 | Malaysia | Pakistan | $11.8M | +15.6% | +36.6% | +93.6% | 15.2% | FTA reported | 0.4% | 0.4% | 0.1% | +0.3 pp | 4,421 km | $11.8M (2024) | 0% | 22 | Rapid growth |
| 4 | Papua New Guinea | Philippines | $8.9M | -19.6% | +0.2% | -7.6% | 11.4% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 3,929 km | $30.2M (2017) | 70.7% | 20 | Rapid decline |
| 5 | Indonesia | India | $7.2M | -16.6% | -5.1% | +51.5% | 9.2% | FTA reported | 0.5% | 0.5% | 0.1% | +0.4 pp | 4,999 km | $13.1M (2018) | 45% | 18 | Rapid decline |
| 6 | Vanuatu | Philippines | $4.9M | -13.9% | +11.1% | +8.6% | 6.3% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 6,308 km | $10.4M (2016) | 52.7% | 19 | Rapid decline |
| 7 | Solomon Islands | Philippines | $1.5M | -34.7% | -22.1% | -12.5% | 2% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 5,056 km | $18.5M (2011) | 91.7% | 20 | Rapid decline |
| 8 | India | Nepal | $1.4M | -22.4% | -11.2% | +1.5% | 1.8% | FTA reported | 0.2% | 0.2% | 0.1% | +0 pp | 803 km | $3.0M (2021) | 53.2% | 28 | Rapid decline |
| 9 | India | Iran (Islamic Republic of) | $1.0M | +83.3% | +72.9% | +88% | 1.3% | No FTA reported | 0.6% | 0.6% | Not reported | Not reported | 2,546 km | $2.4M (2023) | 57.7% | 13 | Rapid growth |
| 10 | Indonesia | Pakistan | $948.2K | -42.8% | -15.3% | +46.3% | 1.2% | No FTA reported | 0.4% | 0.4% | 0.1% | +0.3 pp | 5,513 km | $5.6M (2020) | 83.2% | 25 | Rapid decline |
| 11 | India | Afghanistan | $899.5K | -13.7% | +45.1% | Not reported | 1.2% | No FTA reported | 0% | 0.1% | 0.1% | -0 pp | 1,002 km | $5.1M (2022) | 82.4% | 7 | Rapid decline |
| 12 | Kiribati | Fiji | $704.4K | -18.4% | +11.8% | +149.5% | 0.9% | FTA reported | Not reported | Not reported | Not reported | Not reported | 2,235 km | $1.3M (2021) | 45.6% | 17 | Rapid decline |
| 13 | Viet Nam | China | $652.6K | +53.5% | +50.2% | +29.5% | 0.8% | FTA reported | 0.2% | 0.3% | 0% | +0.2 pp | 2,732 km | $967.0K (2022) | 32.5% | 29 | Rapid growth |
| 14 | Sri Lanka | Pakistan | $466.0K | -29.8% | -37.1% | -15.6% | 0.6% | FTA reported | 0.4% | 0.4% | 0.2% | +0.2 pp | 2,409 km | $13.0M (2005) | 96.4% | 30 | Rapid decline |
| 15 | United Arab Emirates | Pakistan | $448.0K | +19% | +70.5% | +1.9% | 0.6% | No FTA reported | 0.4% | 0.4% | Not reported | Not reported | 1,188 km | $448.0K (2024) | 0% | 15 | Rapid growth |
| 16 | Kiribati | Thailand | $364.0K | Not reported | Not reported | Not reported | 0.5% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 8,086 km | $364.0K (2024) | 0% | 2 | Insufficient history |
| 17 | Kiribati | Malaysia | $347.4K | -2.8% | -3.9% | -7.8% | 0.4% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,932 km | $2.3M (2017) | 85% | 11 | Stable |
| 18 | Papua New Guinea | Malaysia | $326.7K | +3.8% | +25.5% | +14.2% | 0.4% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 5,234 km | $1.1M (2017) | 70.7% | 14 | Growing |
| 19 | India | Viet Nam | $224.7K | +50.1% | -14.9% | +4.6% | 0.3% | FTA reported | 0.2% | 0.2% | 0.1% | +0.1 pp | 3,652 km | $516.7K (2017) | 56.5% | 12 | Rapid growth |
| 20 | Timor-Leste | Indonesia | $222.5K | -20% | +51.3% | +23.1% | 0.3% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 2,083 km | $676.3K (2022) | 67.1% | 20 | Rapid decline |
| 21 | India | Bangladesh | $205.6K | -20.1% | +2% | -33.3% | 0.3% | FTA reported | 0.7% | 0.7% | 0.2% | +0.5 pp | 1,427 km | $30.5M (2011) | 99.3% | 20 | Rapid decline |
| 22 | Egypt | Saudi Arabia | $180.2K | -15.1% | -35.1% | -13.2% | 0.2% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 1,639 km | $3.5M (2010) | 94.9% | 30 | Rapid decline |
| 23 | Philippines | Republic of Korea | $170.9K | -28.7% | -9.3% | -13.1% | 0.2% | FTA reported | 0.1% | 0.1% | 0.2% | -0 pp | 2,613 km | $1.2M (1995) | 85.2% | 17 | Rapid decline |
| 24 | Saudi Arabia | Sudan | $149.3K | Not reported | Not reported | Not reported | 0.2% | FTA reported | 0.1% | 0.1% | Not reported | Not reported | 1,793 km | $150.0K (2023) | 0.5% | 3 | Insufficient history |
| 25 | India | United Kingdom | $148.3K | +18.1% | +32.5% | +61.2% | 0.2% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 6,720 km | $148.3K (2024) | 0% | 26 | Rapid growth |

## 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=1203)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1203)
- [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)