{
  "template": "T9",
  "canonicalTemplate": "TS-HS4-CORRIDOR-09-SUBSECTOR-TOP-CORRIDORS",
  "templateName": "HS4 Subsector Top Trade Corridors",
  "pageType": "HS4 subsector top trade corridors",
  "source": "api",
  "robots": "index, follow",
  "generatedAt": "2026-08-28T10:23:18.813Z",
  "title": "HS4 2931 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 2931 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/2931/corridors",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "logo": "https://www.yugalinks.com/trade/yugalinks-logo-v3-dark-mode.webp",
    "linkedin": "https://in.linkedin.com/company/yugalinks",
    "sameAs": [
      "https://in.linkedin.com/company/yugalinks"
    ]
  },
  "branding": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "logo": "https://www.yugalinks.com/trade/yugalinks-logo-v3-dark-mode.webp",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-28",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-28"
      }
    ]
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "HS4 2931",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2931"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2931/corridors"
    }
  ],
  "hs4": "2931",
  "parentHs2": "29",
  "subsectorName": "Organo-inorganic compounds",
  "overview": {
    "hs4": "2931",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 7808641416.522508,
    "trade_avg_3y_usd": 9607974555.955389,
    "trade_avg_5y_usd": 8904019202.533411,
    "trade_avg_10y_usd": 7598338698.904859,
    "trade_cagr_3y_pct": -5.443096622896659,
    "trade_cagr_5y_pct": 2.21249572437352,
    "trade_cagr_10y_pct": 1.7307736273566965,
    "historical_peak_usd": 13117064632.27587,
    "historical_peak_year": 2022,
    "latest_below_peak_pct": 40.46959715889062,
    "yoy_growth_latest_pct": -10.193447445385338,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -7.173870250253356,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 4048.4778642595934,
    "importer_concentration_hhi": 2505.28242720772,
    "trade_volatility_cv": 0.44840063976016914,
    "active_corridor_count": 2910,
    "active_exporter_count": 120,
    "active_importer_count": 184,
    "active_hs6_count": 11,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 7808641416.522508,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 4036312874.675599,
    "topFiveSharePct": 22.35398929772389,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 689799544.4993784,
      "cagr3": -9.29739409861826,
      "cagr5": 3.881971262297945,
      "cagr10": 2.702616042891548,
      "share": 8.833797170399112,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 1904123339.6366744,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 63.773379058995246,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -5.443096622896659,
    "tradeCagr5yPct": 2.21249572437352,
    "tradeCagr10yPct": 1.7307736273566965,
    "latestYoyPct": -10.193447445385338,
    "trendLabel": "Declining",
    "historicalPeakUsd": 13117064632.27587,
    "historicalPeakYear": 2022,
    "latestBelowPeakPct": 40.46959715889062,
    "exporterConcentrationHhi": 4048.4778642595934,
    "importerConcentrationHhi": 2505.28242720772,
    "tradeVolatilityCv": 0.44840063976016914,
    "yearsWithData": 30
  },
  "answer": "China to USA, Puerto Rico and US Virgin Islands leads the reported HS4 2931 routes with $689.8M in 2024 and -9.3% calculated three-year growth. The HS4 subsector recorded $7.8B in latest reported trade, with -5.4% calculated three-year growth.",
  "corridors": [
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      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "cagr3": -9.29739409861826,
      "cagr5": 3.881971262297945,
      "cagr10": 2.702616042891548,
      "share": 8.833797170399112,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 1904123339.6366744,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 63.773379058995246,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    },
    {
      "rank": 2,
      "exporterIso3": "CHN",
      "importerIso3": "BRA",
      "exporterName": "China",
      "importerName": "Brazil",
      "value": 289372491.3741062,
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      "cagr5": -2.601557468662352,
      "cagr10": -1.012560999925749,
      "share": 3.705798178436206,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.2883659997252525,
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      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 18570,
      "historicalPeakUsd": 1312691840.9202378,
      "historicalPeakYear": 2022,
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      "yearsWithData": 30,
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      "rank": 3,
      "exporterIso3": "USA",
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      "importerName": "Belgium",
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      "cagr10": 9.093825125468857,
      "share": 3.6726683224546517,
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    },
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      "importerIso3": "IND",
      "exporterName": "China",
      "importerName": "India",
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      "tariffAdvantagePp": 0.45301342082222223,
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      "historicalPeakUsd": 420206258.35263866,
      "historicalPeakYear": 2022,
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      "yearsWithData": 30,
      "trendLabel": "Declining"
    },
    {
      "rank": 5,
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      "importerIso3": "CHN",
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    },
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      "exporterIso3": "USA",
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      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Argentina",
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      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
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      "historicalPeakUsd": 257865517.24917686,
      "historicalPeakYear": 2023,
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      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 7,
      "exporterIso3": "USA",
      "importerIso3": "BRA",
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      "trendLabel": "Stable"
    },
    {
      "rank": 8,
      "exporterIso3": "CHN",
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    {
      "rank": 9,
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      "exporterName": "China",
      "importerName": "Indonesia",
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    },
    {
      "rank": 10,
      "exporterIso3": "CHN",
      "importerIso3": "RUS",
      "exporterName": "China",
      "importerName": "Russia",
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    },
    {
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      "importerIso3": "KOR",
      "exporterName": "China",
      "importerName": "Republic of Korea",
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    {
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      "importerIso3": "USA",
      "exporterName": "Germany",
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      "distanceKm": 6402,
      "historicalPeakUsd": 203631905.35583884,
      "historicalPeakYear": 2017,
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    },
    {
      "rank": 14,
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      "importerIso3": "AUS",
      "exporterName": "China",
      "importerName": "Australia",
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      "cagr3": -16.007383844674283,
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      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
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      "preferentialTariffPct": 0.10232521854949493,
      "tariffAdvantagePp": -0.023595849959595946,
      "distanceKm": 8024,
      "historicalPeakUsd": 205868045.2851829,
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      "trendLabel": "Rapid decline"
    },
    {
      "rank": 15,
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      "importerIso3": "DEU",
      "exporterName": "China",
      "importerName": "Germany",
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      "cagr3": -1.228143793272729,
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      "ftaKnown": true,
      "hasFta": false,
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      "mfnTariffPct": 0.058782636827160485,
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      "tariffAdvantagePp": 0.04211767652037909,
      "distanceKm": 8415,
      "historicalPeakUsd": 180060663.3474598,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 39.841369472298226,
      "yearsWithData": 29,
      "trendLabel": "Stable"
    },
    {
      "rank": 16,
      "exporterIso3": "CHN",
      "importerIso3": "NLD",
      "exporterName": "China",
      "importerName": "Netherlands",
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      "cagr3": -9.536307958644253,
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      "tariffAdvantagePp": 0.042646584813513605,
      "distanceKm": 8894,
      "historicalPeakUsd": 157690765.13591233,
      "historicalPeakYear": 2022,
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      "yearsWithData": 30,
      "trendLabel": "Declining"
    },
    {
      "rank": 17,
      "exporterIso3": "DEU",
      "importerIso3": "ITA",
      "exporterName": "Germany",
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