{
  "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": "2026-08-28T10:23:19.214Z",
  "title": "HS4 2937 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 2937 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/2937/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 2937",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2937"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2937/corridors"
    }
  ],
  "hs4": "2937",
  "parentHs2": "29",
  "subsectorName": "Hormones",
  "overview": {
    "hs4": "2937",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 40264149567.24298,
    "trade_avg_3y_usd": 32541710007.90213,
    "trade_avg_5y_usd": 28185658791.926075,
    "trade_avg_10y_usd": 22309473706.899834,
    "trade_cagr_3y_pct": 21.775634857168335,
    "trade_cagr_5y_pct": 15.229371184358698,
    "trade_cagr_10y_pct": 9.125740561700745,
    "historical_peak_usd": 40264149567.24298,
    "historical_peak_year": 2024,
    "latest_below_peak_pct": 0,
    "yoy_growth_latest_pct": -13.917742236151703,
    "positive_growth_year_share_pct": 79.3103448275862,
    "trend_acceleration_pct": 12.64989429546759,
    "trend_label": "Rapid growth",
    "exporter_concentration_hhi": 2932.8900130007055,
    "importer_concentration_hhi": 2071.2158977080444,
    "trade_volatility_cv": 0.6962758665362857,
    "active_corridor_count": 3035,
    "active_exporter_count": 119,
    "active_importer_count": 189,
    "active_hs6_count": 9,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 40264149567.24298,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 34734298531.9891,
    "topFiveSharePct": 68.25198822113282,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "IRL",
      "importerIso3": "USA",
      "exporterName": "Ireland",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 15256735074.556877,
      "cagr3": 56.48195400129274,
      "cagr5": 67.73072599970182,
      "cagr10": 67.80233596966052,
      "share": 37.89161136776881,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.0467447546369697,
      "mfnTariffPct": 0.0467447546369697,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 5129,
      "historicalPeakUsd": 15256735074.556877,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    }
  },
  "indicators": {
    "tradeCagr3yPct": 21.775634857168335,
    "tradeCagr5yPct": 15.229371184358698,
    "tradeCagr10yPct": 9.125740561700745,
    "latestYoyPct": -13.917742236151703,
    "trendLabel": "Rapid growth",
    "historicalPeakUsd": 40264149567.24298,
    "historicalPeakYear": 2024,
    "latestBelowPeakPct": 0,
    "exporterConcentrationHhi": 2932.8900130007055,
    "importerConcentrationHhi": 2071.2158977080444,
    "tradeVolatilityCv": 0.6962758665362857,
    "yearsWithData": 30
  },
  "answer": "Ireland to USA, Puerto Rico and US Virgin Islands leads the reported HS4 2937 routes with $15.3B in 2024 and +56.5% calculated three-year growth. The HS4 subsector recorded $40.3B in latest reported trade, with +21.8% calculated three-year growth.",
  "corridors": [
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      "rank": 1,
      "exporterIso3": "IRL",
      "importerIso3": "USA",
      "exporterName": "Ireland",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 15256735074.556877,
      "cagr3": 56.48195400129274,
      "cagr5": 67.73072599970182,
      "cagr10": 67.80233596966052,
      "share": 37.89161136776881,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.0467447546369697,
      "mfnTariffPct": 0.0467447546369697,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 5129,
      "historicalPeakUsd": 15256735074.556877,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 2,
      "exporterIso3": "USA",
      "importerIso3": "ITA",
      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Italy",
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      "cagr3": 85.43162470678173,
      "cagr5": 42.305008214952736,
      "cagr10": 35.2591827315017,
      "share": 15.662934774541029,
      "ftaKnown": true,
      "hasFta": false,
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      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 6907,
      "historicalPeakUsd": 6306547484.240912,
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      "latestBelowPeakPct": 0,
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      "trendLabel": "Rapid growth"
    },
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      "exporterName": "Ireland",
      "importerName": "Italy",
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    {
      "rank": 4,
      "exporterIso3": "DNK",
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      "exporterName": "Denmark",
      "importerName": "China",
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      "appliedTariffPct": 0.3018987556787879,
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      "preferentialTariffPct": null,
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      "distanceKm": 8271,
      "historicalPeakUsd": 1890690495.6362147,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
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      "trendLabel": "Growing"
    },
    {
      "rank": 5,
      "exporterIso3": "USA",
      "importerIso3": "DEU",
      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Germany",
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      "historicalPeakUsd": 1623388136.3746953,
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 6,
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      "importerIso3": "USA",
      "exporterName": "United Kingdom",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
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      "historicalPeakUsd": 1171201394.1053288,
      "historicalPeakYear": 2023,
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      "yearsWithData": 30,
      "trendLabel": "Stable"
    },
    {
      "rank": 7,
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      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Denmark",
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      "cagr10": 83.8152295616047,
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      "historicalPeakUsd": 653045878.5527354,
      "historicalPeakYear": 2024,
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 8,
      "exporterIso3": "CHE",
      "importerIso3": "AUT",
      "exporterName": "Switzerland, Liechtenstein",
      "importerName": "Austria",
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      "cagr3": -37.711108699833375,
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      "ftaKnown": true,
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      "trendLabel": "Rapid decline"
    },
    {
      "rank": 9,
      "exporterIso3": "SGP",
      "importerIso3": "USA",
      "exporterName": "Singapore",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
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      "tariffAdvantagePp": 0.03282709307105859,
      "distanceKm": 15347,
      "historicalPeakUsd": 1223255632.864771,
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      "yearsWithData": 27,
      "trendLabel": "Growing"
    },
    {
      "rank": 10,
      "exporterIso3": "ARG",
      "importerIso3": "USA",
      "exporterName": "Argentina",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 491057077.6439569,
      "cagr3": 55.65973985819017,
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      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 11,
      "exporterIso3": "SWE",
      "importerIso3": "BEL",
      "exporterName": "Sweden",
      "importerName": "Belgium",
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      "ftaKnown": true,
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      "distanceKm": 1283,
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      "latestBelowPeakPct": 9.919462600983865,
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      "trendLabel": "Rapid growth"
    },
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      "rank": 12,
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    },
    {
      "rank": 13,
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      "importerName": "Germany",
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      "historicalPeakUsd": 1092742656.809073,
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    },
    {
      "rank": 14,
      "exporterIso3": "AUT",
      "importerIso3": "FRA",
      "exporterName": "Austria",
      "importerName": "France",
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      "distanceKm": 1037,
      "historicalPeakUsd": 1870442159.2998714,
      "historicalPeakYear": 2017,
      "latestBelowPeakPct": 81.63624830814025,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 15,
      "exporterIso3": "BEL",
      "importerIso3": "CAN",
      "exporterName": "Belgium",
      "importerName": "Canada",
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      "tariffAdvantagePp": 0.07145157520060609,
      "distanceKm": 6041,
      "historicalPeakUsd": 801640971.8115932,
      "historicalPeakYear": 2018,
      "latestBelowPeakPct": 61.55152689524787,
      "yearsWithData": 26,
      "trendLabel": "Rapid decline"
    },
    {
      "rank": 16,
      "exporterIso3": "DEU",
      "importerIso3": "USA",
      "exporterName": "Germany",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 281448236.1930419,
      "cagr3": 38.54268395899314,
      "cagr5": 9.058826737556181,
      "cagr10": 29.2364192701134,
      "share": 0.6990045467693548,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04660416541625514,
      "mfnTariffPct": 0.04660416541625514,
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      "distanceKm": 6402,
      "historicalPeakUsd": 312914125.08767706,
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      "latestBelowPeakPct": 10.055758552228522,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 17,
      "exporterIso3": "CAN",
      "importerIso3": "ITA",
      "exporterName": "Canada",
      "importerName": "Italy",
      "value": 271019727.3131712,
      "cagr3": 1616.6218532262426,
      "cagr5": 589.0888708572276,
      "cagr10": 79.77945851966885,
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      "ftaKnown": true,
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