{
  "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": "2026-08-28T10:23:19.237Z",
  "title": "HS4 2938 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 2938 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/2938/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 2938",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2938"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/2938/corridors"
    }
  ],
  "hs4": "2938",
  "parentHs2": "29",
  "subsectorName": "Glycosides",
  "overview": {
    "hs4": "2938",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 1579270597.9173536,
    "trade_avg_3y_usd": 1749022547.6820784,
    "trade_avg_5y_usd": 1695265698.1014738,
    "trade_avg_10y_usd": 1580747040.792851,
    "trade_cagr_3y_pct": -3.642945751716764,
    "trade_cagr_5y_pct": 3.0030227495484008,
    "trade_cagr_10y_pct": 0.0737707564222978,
    "historical_peak_usd": 1883481730.9273176,
    "historical_peak_year": 2022,
    "latest_below_peak_pct": 16.15153085982883,
    "yoy_growth_latest_pct": -6.494859470539671,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -3.716716508139062,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 2585.314261739505,
    "importer_concentration_hhi": 810.2429323912781,
    "trade_volatility_cv": 0.604807499281381,
    "active_corridor_count": 2247,
    "active_exporter_count": 105,
    "active_importer_count": 176,
    "active_hs6_count": 2,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 1579270597.9173536,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 851366192.6481237,
    "topFiveSharePct": 24.83339766607993,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 192958398.27141383,
      "cagr3": -7.844974713548192,
      "cagr5": 7.7844789561139605,
      "cagr10": 9.194361793293027,
      "share": 12.218197345399558,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 256463145.40043858,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 24.76174384817326,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -3.642945751716764,
    "tradeCagr5yPct": 3.0030227495484008,
    "tradeCagr10yPct": 0.0737707564222978,
    "latestYoyPct": -6.494859470539671,
    "trendLabel": "Declining",
    "historicalPeakUsd": 1883481730.9273176,
    "historicalPeakYear": 2022,
    "latestBelowPeakPct": 16.15153085982883,
    "exporterConcentrationHhi": 2585.314261739505,
    "importerConcentrationHhi": 810.2429323912781,
    "tradeVolatilityCv": 0.604807499281381,
    "yearsWithData": 30
  },
  "answer": "China to USA, Puerto Rico and US Virgin Islands leads the reported HS4 2938 routes with $193.0M in 2024 and -7.8% calculated three-year growth. The HS4 subsector recorded $1.6B in latest reported trade, with -3.6% calculated three-year growth.",
  "corridors": [
    {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 192958398.27141383,
      "cagr3": -7.844974713548192,
      "cagr5": 7.7844789561139605,
      "cagr10": 9.194361793293027,
      "share": 12.218197345399558,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 256463145.40043858,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 24.76174384817326,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    },
    {
      "rank": 2,
      "exporterIso3": "CHN",
      "importerIso3": "IND",
      "exporterName": "China",
      "importerName": "India",
      "value": 58989334.760413766,
      "cagr3": -11.570794116974204,
      "cagr5": -6.019426771193659,
      "cagr10": -7.758582263091373,
      "share": 3.7352265557406903,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.5307908369111112,
      "mfnTariffPct": 0.5323102001373737,
      "preferentialTariffPct": 0.07929677931515151,
      "tariffAdvantagePp": 0.45301342082222223,
      "distanceKm": 4252,
      "historicalPeakUsd": 132285975.65303193,
      "historicalPeakYear": 2014,
      "latestBelowPeakPct": 55.407718415189564,
      "yearsWithData": 30,
      "trendLabel": "Rapid decline"
    },
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      "rank": 3,
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      "importerIso3": "RUS",
      "exporterName": "France",
      "importerName": "Russia",
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      "cagr10": 21.56877187388977,
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      "preferentialTariffPct": null,
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      "historicalPeakYear": 2021,
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      "trendLabel": "Rapid decline"
    },
    {
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      "importerName": "Japan",
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      "ftaKnown": true,
      "hasFta": false,
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      "preferentialTariffPct": 0.016483489491008082,
      "tariffAdvantagePp": 0.02411875489129495,
      "distanceKm": 1763,
      "historicalPeakUsd": 56652241.04282502,
      "historicalPeakYear": 2012,
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      "yearsWithData": 30,
      "trendLabel": "Stable"
    },
    {
      "rank": 5,
      "exporterIso3": "CHN",
      "importerIso3": "KOR",
      "exporterName": "China",
      "importerName": "Republic of Korea",
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      "trendLabel": "Stable"
    },
    {
      "rank": 6,
      "exporterIso3": "CHN",
      "importerIso3": "MYS",
      "exporterName": "China",
      "importerName": "Malaysia",
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      "historicalPeakUsd": 84097915.5778748,
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      "trendLabel": "Declining"
    },
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      "rank": 7,
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    },
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    },
    {
      "rank": 9,
      "exporterIso3": "HUN",
      "importerIso3": "FRA",
      "exporterName": "Hungary",
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      "cagr3": 15.693076302751718,
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      "rank": 10,
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    },
    {
      "rank": 14,
      "exporterIso3": "UZB",
      "importerIso3": "CHN",
      "exporterName": "Uzbekistan",
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      "appliedTariffPct": 0.16751175387356323,
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      "distanceKm": 4752,
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      "rank": 15,
      "exporterIso3": "MYS",
      "importerIso3": "USA",
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      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "cagr5": -8.151021627731625,
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      "ftaKnown": true,
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      "appliedTariffPct": 0.023562643374262626,
      "mfnTariffPct": 0.0467447546369697,
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      "distanceKm": 15128,
      "historicalPeakUsd": 48072941.3676938,
      "historicalPeakYear": 2009,
      "latestBelowPeakPct": 55.091607933286845,
      "yearsWithData": 21,
      "trendLabel": "Declining"
    },
    {
      "rank": 16,
      "exporterIso3": "CHN",
      "importerIso3": "DEU",
      "exporterName": "China",
      "importerName": "Germany",
      "value": 21166910.840087373,
      "cagr3": -3.5430453011348617,
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      "historicalPeakYear": 2019,
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      "yearsWithData": 30,
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    },
    {
      "rank": 17,
      "exporterIso3": "FRA",
      "importerIso3": "ESP",
      "exporterName": "France",
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