# HS4 1504 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 1504 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/1504/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **1504 - Oils of fish**
- Parent sector: [HS2 15 overview](https://www.yugalinks.com/trade/sector/hs2/15)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Denmark to Norway leads the reported HS4 1504 routes with $309.1M in 2024 and +35.1% calculated three-year growth. The HS4 subsector recorded $4.5B in latest reported trade, with +23.2% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 1504 in the workspace](https://www.yugalinks.com/app?hs=1504)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1504)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/15)
- [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 | $4.5B | Reported value in 2024 |
| Displayed corridor value | $2.1B | Sum of the routes shown |
| HS4 3-year CAGR | +23.2% | Calculated annualized change |
| HS4 5-year CAGR | +17.1% | Calculated annualized change |
| HS4 10-year CAGR | +9% | Calculated annualized change |
| Latest year-on-year change | +21.1% | Calculated change from the prior year |
| Reported trend | Rapid growth | Available HS4 trend label |
| Historical peak | $4.5B in 2024 | Reported-history comparison |
| Latest below peak | 0% | Calculated peak comparison |
| Exporter / importer HHI | 1,030.9 / 885.3 | Calculated concentration indicators |
| Trade volatility | 0.7 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 2,220 / 121 / 177 / 3 | Latest available breadth |

## Growth leaders

- **Viet Nam -> USA, Puerto Rico and US Virgin Islands**: +1,004.3% calculated three-year CAGR, $73.1M latest reported value, 1.6% market share, trend Rapid growth.
- **China -> Chile**: +162.7% calculated three-year CAGR, $110.4M latest reported value, 2.5% market share, trend Rapid growth.
- **Germany -> China**: +160.2% calculated three-year CAGR, $39.5M latest reported value, 0.9% market share, trend Rapid growth.
- **China -> Australia**: +152.8% calculated three-year CAGR, $77.7M latest reported value, 1.7% market share, trend Rapid growth.
- **Panama -> Norway**: +84.6% calculated three-year CAGR, $51.1M latest reported value, 1.1% 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 | $1.8B | 21 | +46% | 0.1% | +0 pp |
| No FTA reported | $218.7M | 4 | +306.7% | 0.1% | Not reported |

- Lowest reported applied tariff route: **Denmark -> United Kingdom** at 0%.
- Largest reported tariff advantage route: **Peru -> China** at +0.3 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 | Denmark | Norway | $309.1M | +35.1% | +22.6% | +7.4% | 6.9% | FTA reported | 0% | 0% | 0% | -0 pp | 484 km | $309.1M (2024) | 0% | 30 | Rapid growth |
| 2 | Peru | Norway | $116.4M | +3.2% | +4.3% | +7.2% | 2.6% | FTA reported | 0% | 0% | 0% | +0 pp | 11,032 km | $116.4M (2024) | 0% | 30 | Growing |
| 3 | China | Chile | $110.4M | +162.7% | +52.1% | +15.9% | 2.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 18,861 km | $150.3M (2023) | 26.6% | 22 | Rapid growth |
| 4 | Iceland | Norway | $105.0M | +48.7% | +21.6% | +12.3% | 2.3% | FTA reported | 0% | 0% | 0% | -0 pp | 1,751 km | $111.8M (2023) | 6.1% | 30 | Rapid growth |
| 5 | Norway | Turkey | $102.3M | +30.9% | +23.2% | +13.4% | 2.3% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,449 km | $103.5M (2023) | 1.2% | 30 | Rapid growth |
| 6 | Peru | Chile | $101.3M | +46.6% | +32.9% | +6.6% | 2.3% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,459 km | $101.3M (2024) | 0% | 30 | Rapid growth |
| 7 | Peru | Canada | $92.3M | +5.5% | +5.5% | +5.6% | 2.1% | FTA reported | 0% | 0.1% | 0% | +0 pp | 6,177 km | $92.3M (2024) | 0% | 30 | Growing |
| 8 | Peru | USA, Puerto Rico and US Virgin Islands | $90.1M | +38.9% | +24.6% | +7.2% | 2% | FTA reported | 0% | 0% | 0% | +0 pp | 5,849 km | $90.1M (2024) | 0% | 28 | Rapid growth |
| 9 | Australia | China | $78.9M | +21.4% | +14.7% | +54.8% | 1.8% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 8,024 km | $78.9M (2024) | 0% | 29 | Rapid growth |
| 10 | China | Australia | $77.7M | +152.8% | +100.9% | +39.6% | 1.7% | FTA reported | 0.1% | 0.1% | 0.1% | -0 pp | 8,024 km | $77.7M (2024) | 0% | 23 | Rapid growth |
| 11 | Peru | China | $77.6M | -6% | +11.4% | +10.8% | 1.7% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 17,167 km | $130.8M (2022) | 40.7% | 29 | Declining |
| 12 | Viet Nam | USA, Puerto Rico and US Virgin Islands | $73.1M | +1,004.3% | +322.5% | +105.6% | 1.6% | No FTA reported | 0% | 0% | Not reported | Not reported | 14,306 km | $99.2M (2023) | 26.3% | 6 | Rapid growth |
| 13 | Mexico | Norway | $70.6M | +43.5% | +46.8% | +43.1% | 1.6% | FTA reported | 0% | 0% | 0% | +0 pp | 9,210 km | $70.6M (2024) | 0% | 13 | Rapid growth |
| 14 | USA, Puerto Rico and US Virgin Islands | Canada | $70.0M | +22.6% | +16.4% | +13% | 1.6% | FTA reported | 0% | 0.1% | 0% | +0 pp | 556 km | $70.0M (2024) | 0% | 30 | Rapid growth |
| 15 | Viet Nam | Singapore | $69.8M | +46.4% | +16.1% | +15% | 1.6% | FTA reported | 0% | 0% | 0% | +0 pp | 1,092 km | $69.8M (2024) | 0% | 16 | Rapid growth |
| 16 | Chile | Belgium | $63.2M | +26.4% | +44.1% | +7.3% | 1.4% | FTA reported | 0% | 0.1% | 0% | +0 pp | 11,869 km | $63.2M (2024) | 0% | 19 | Rapid growth |
| 17 | China | USA, Puerto Rico and US Virgin Islands | $59.0M | +35% | +19.3% | +6.3% | 1.3% | No FTA reported | 0% | 0% | Not reported | Not reported | 11,883 km | $59.0M (2024) | 0% | 30 | Rapid growth |
| 18 | Chile | Norway | $56.8M | +44.8% | +38% | +19.4% | 1.3% | FTA reported | 0% | 0% | 0% | +0 pp | 12,709 km | $56.8M (2024) | 0% | 29 | Rapid growth |
| 19 | Peru | Belgium | $53.8M | -10.5% | +1.1% | +3.1% | 1.2% | FTA reported | 0% | 0.1% | 0% | +0.1 pp | 10,441 km | $74.9M (2021) | 28.2% | 22 | Rapid decline |
| 20 | Iceland | United Kingdom | $52.3M | +62.2% | +45.2% | +17.5% | 1.2% | FTA reported | Not reported | Not reported | Not reported | Not reported | 1,892 km | $52.3M (2024) | 0% | 30 | Rapid growth |
| 21 | Panama | Norway | $51.1M | +84.6% | +43.5% | +19% | 1.1% | FTA reported | 0% | 0% | 0% | +0 pp | 9,162 km | $51.1M (2024) | 0% | 16 | Rapid growth |
| 22 | USA, Puerto Rico and US Virgin Islands | Norway | $47.0M | +27.2% | +12% | +4.1% | 1% | No FTA reported | 0% | 0% | Not reported | Not reported | 5,930 km | $47.0M (2024) | 0% | 30 | Rapid growth |
| 23 | Denmark | United Kingdom | $46.7M | +28.1% | +26.1% | +8.4% | 1% | FTA reported | 0% | 0% | 0% | +0 pp | 958 km | $46.7M (2024) | 0% | 30 | Rapid growth |
| 24 | Morocco | Norway | $44.6M | +78.3% | +44.2% | +13.3% | 1% | FTA reported | 0% | 0% | 0% | +0 pp | 3,220 km | $66.7M (2023) | 33.1% | 29 | Rapid growth |
| 25 | Germany | China | $39.5M | +160.2% | +94.9% | +71.9% | 0.9% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 8,415 km | $39.5M (2024) | 0% | 28 | 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=1504)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/1504)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/15)
- [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)