# HS4 2601 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 2601 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/2601/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **2601 - Iron ores and concentrates**
- Parent sector: [HS2 26 overview](https://www.yugalinks.com/trade/sector/hs2/26)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Australia to China leads the reported HS4 2601 routes with $71.0B in 2024 and -9.9% calculated three-year growth. The HS4 subsector recorded $159.5B in latest reported trade, with -11.1% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 2601 in the workspace](https://www.yugalinks.com/app?hs=2601)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/2601)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/26)
- [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 | $159.5B | Reported value in 2024 |
| Displayed corridor value | $131.9B | Sum of the routes shown |
| HS4 3-year CAGR | -11.1% | Calculated annualized change |
| HS4 5-year CAGR | +4.4% | Calculated annualized change |
| HS4 10-year CAGR | +2.2% | Calculated annualized change |
| Latest year-on-year change | -24% | Calculated change from the prior year |
| Reported trend | Rapid decline | Available HS4 trend label |
| Historical peak | $227.2B in 2021 | Reported-history comparison |
| Latest below peak | 29.8% | Calculated peak comparison |
| Exporter / importer HHI | 2,195.2 / 4,618.2 | Calculated concentration indicators |
| Trade volatility | 0.8 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 1,249 / 133 / 135 / 3 | Latest available breadth |

## Growth leaders

- **Sierra Leone -> China**: +64.3% calculated three-year CAGR, $737.9M latest reported value, 0.5% market share, trend Rapid growth.
- **Iran (Islamic Republic of) -> China**: +43% calculated three-year CAGR, $975.2M latest reported value, 0.6% market share, trend Rapid growth.
- **Australia -> Indonesia**: +5.1% calculated three-year CAGR, $961.9M latest reported value, 0.6% market share, trend Growing.
- **USA, Puerto Rico and US Virgin Islands -> Canada**: -1% calculated three-year CAGR, $743.9M latest reported value, 0.5% market share, trend Stable.
- **Peru -> China**: -4.4% calculated three-year CAGR, $2.1B latest reported value, 1.3% market share, trend Declining.

## 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 | $87.7B | 9 | -9.4% | 0.2% | +0.1 pp |
| No FTA reported | $44.2B | 16 | -4.2% | 0.2% | +0.1 pp |

- Lowest reported applied tariff route: **Brazil -> Japan** at 0%.
- Largest reported tariff advantage route: **Sierra Leone -> 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 | Australia | China | $71.0B | -9.9% | +4.8% | +4% | 44.5% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 8,024 km | $97.0B (2021) | 26.9% | 30 | Declining |
| 2 | Brazil | China | $22.8B | -9.8% | +6.5% | +4.9% | 14.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 18,570 km | $31.0B (2021) | 26.6% | 30 | Declining |
| 3 | Australia | Japan | $5.0B | -17.4% | -0.4% | -4.5% | 3.1% | FTA reported | 0% | 0% | 0% | +0 pp | 8,156 km | $11.5B (2011) | 56.3% | 30 | Rapid decline |
| 4 | Australia | Republic of Korea | $4.9B | -13.3% | +3.2% | -0% | 3.1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 8,549 km | $7.6B (2021) | 34.9% | 30 | Rapid decline |
| 5 | South Africa | China | $3.6B | -11.3% | +2.8% | -4.8% | 2.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,775 km | $8.5B (2011) | 57.6% | 25 | Rapid decline |
| 6 | India | China | $2.8B | -10.5% | +7.6% | +16.1% | 1.7% | No FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 4,252 km | $8.7B (2008) | 68.4% | 30 | Rapid decline |
| 7 | Brazil | Japan | $2.2B | -12.1% | +2.2% | -3.8% | 1.4% | No FTA reported | 0% | 0% | 0% | +0 pp | 18,530 km | $5.2B (2011) | 57.3% | 30 | Rapid decline |
| 8 | Peru | China | $2.1B | -4.4% | +13.2% | +11% | 1.3% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 17,167 km | $2.4B (2021) | 12.7% | 30 | Declining |
| 9 | Canada | China | $1.8B | -10.1% | +10.4% | +4.3% | 1.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,441 km | $2.4B (2021) | 27.2% | 30 | Rapid decline |
| 10 | Australia | Taiwan | $1.4B | -17.9% | +0.4% | +0.3% | 0.9% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,376 km | $2.6B (2021) | 44.7% | 30 | Rapid decline |
| 11 | Brazil | Malaysia | $1.3B | -14.6% | -0.5% | +10.6% | 0.8% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 15,938 km | $2.1B (2021) | 37.6% | 30 | Rapid decline |
| 12 | Chile | China | $1.2B | -18% | +16% | +2.5% | 0.8% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 18,861 km | $2.2B (2021) | 44.9% | 28 | Rapid decline |
| 13 | Ukraine | China | $1.2B | -25.8% | -0.9% | -3.7% | 0.8% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 7,466 km | $3.0B (2021) | 59.2% | 22 | Rapid decline |
| 14 | Brazil | Bahrain | $1.1B | -14.1% | +11.5% | +15.3% | 0.7% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 11,814 km | $1.7B (2021) | 36.6% | 30 | Rapid decline |
| 15 | Australia | Viet Nam | $1.0B | -10.5% | +16.5% | +183.4% | 0.6% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 6,694 km | $1.4B (2021) | 28.3% | 25 | Rapid decline |
| 16 | Brazil | Oman | $986.3M | -7.4% | +7.5% | +2.5% | 0.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 12,498 km | $1.2B (2021) | 20.7% | 15 | Declining |
| 17 | Iran (Islamic Republic of) | China | $975.2M | +43% | +0.4% | -3.2% | 0.6% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 6,390 km | $1.8B (2013) | 45.7% | 28 | Rapid growth |
| 18 | Australia | Indonesia | $961.9M | +5.1% | +25.4% | +19.9% | 0.6% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 5,202 km | $961.9M (2024) | 0% | 30 | Growing |
| 19 | Brazil | Republic of Korea | $905.9M | -9.1% | +3.2% | -4.9% | 0.6% | No FTA reported | 0.1% | 0.1% | 0.2% | -0 pp | 18,338 km | $2.2B (2011) | 59% | 30 | Declining |
| 20 | Russia | China | $828.0M | -13.4% | +5.8% | +3.2% | 0.5% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 6,831 km | $2.2B (2011) | 62.8% | 21 | Rapid decline |
| 21 | Mauritania | China | $803.1M | -8.8% | +8.5% | +2.3% | 0.5% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 12,913 km | $1.1B (2021) | 24.2% | 24 | Declining |
| 22 | Canada | Japan | $785.7M | -10.5% | +2.3% | +5.8% | 0.5% | No FTA reported | 0% | 0% | 0.1% | -0 pp | 10,367 km | $1.1B (2021) | 28.2% | 30 | Rapid decline |
| 23 | Canada | Germany | $757.5M | -15.7% | +6.1% | +5% | 0.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,493 km | $1.3B (2021) | 40% | 30 | Rapid decline |
| 24 | USA, Puerto Rico and US Virgin Islands | Canada | $743.9M | -1% | -0.8% | -2.7% | 0.5% | FTA reported | 0% | 0.1% | 0% | +0 pp | 556 km | $979.2M (2014) | 24% | 30 | Stable |
| 25 | Sierra Leone | China | $737.9M | +64.3% | +117.6% | -6.5% | 0.5% | No FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 13,494 km | $1.5B (2014) | 49.2% | 14 | 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=2601)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/2601)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/26)
- [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)