# HS4 4301 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 4301 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/4301/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **4301 - Furskins**
- Parent sector: [HS2 43 overview](https://www.yugalinks.com/trade/sector/hs2/43)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Denmark to Cambodia leads the reported HS4 4301 routes with $170.8M in 2024 and +3.5% calculated three-year growth. The HS4 subsector recorded $1.0B in latest reported trade, with -11.1% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 4301 in the workspace](https://www.yugalinks.com/app?hs=4301)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/4301)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/43)
- [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 | $1.0B | Reported value in 2024 |
| Displayed corridor value | $871.0M | Sum of the routes shown |
| HS4 3-year CAGR | -11.1% | Calculated annualized change |
| HS4 5-year CAGR | -12.9% | Calculated annualized change |
| HS4 10-year CAGR | -13.7% | Calculated annualized change |
| Latest year-on-year change | +7.9% | Calculated change from the prior year |
| Reported trend | Rapid decline | Available HS4 trend label |
| Historical peak | $5.8B in 2013 | Reported-history comparison |
| Latest below peak | 82.6% | Calculated peak comparison |
| Exporter / importer HHI | 3,462.9 / 2,175.7 | Calculated concentration indicators |
| Trade volatility | 0.6 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 649 / 85 / 110 / 5 | Latest available breadth |

## Growth leaders

- **Denmark -> Netherlands**: +2,576% calculated three-year CAGR, $9.1M latest reported value, 0.9% market share, trend Rapid growth.
- **Russia -> Thailand**: +91.9% calculated three-year CAGR, $31.6M latest reported value, 3.1% market share, trend Rapid growth.
- **Finland -> Estonia**: +84.5% calculated three-year CAGR, $9.5M latest reported value, 0.9% market share, trend Rapid growth.
- **Russia -> Cambodia**: +72.2% calculated three-year CAGR, $13.0M latest reported value, 1.3% market share, trend Rapid growth.
- **Denmark -> Finland**: +22.7% calculated three-year CAGR, $16.1M latest reported value, 1.6% 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 | $208.2M | 14 | +199.7% | 0% | +0 pp |
| No FTA reported | $662.8M | 11 | +9% | 0.2% | Not reported |

- Lowest reported applied tariff route: **Denmark -> Netherlands** at 0%.
- Largest reported tariff advantage route: **Belarus -> Russia** at +0.1 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 | Cambodia | $170.8M | +3.5% | -2.9% | +139.1% | 17% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 9,101 km | $200.5M (2018) | 14.8% | 11 | Growing |
| 2 | Finland | Cambodia | $148.0M | +10.9% | +44.7% | Not reported | 14.7% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 8,344 km | $148.0M (2024) | 0% | 10 | Rapid growth |
| 3 | Finland | Thailand | $102.0M | +0.7% | +27% | Not reported | 10.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 7,895 km | $120.0M (2023) | 15% | 10 | Stable |
| 4 | Denmark | Thailand | $101.9M | -16.6% | -13.1% | +268.5% | 10.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 8,632 km | $205.7M (2019) | 50.5% | 11 | Rapid decline |
| 5 | Poland | Finland | $57.7M | -14.1% | +6.5% | -5.5% | 5.7% | FTA reported | 0% | 0% | 0% | +0 pp | 917 km | $101.9M (2014) | 43.4% | 30 | Rapid decline |
| 6 | Finland | China | $34.6M | -31.4% | -25.8% | -16.4% | 3.4% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 7,392 km | $349.7M (2013) | 90.1% | 30 | Rapid decline |
| 7 | Russia | Thailand | $31.6M | +91.9% | +220.9% | Not reported | 3.1% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 7,071 km | $31.6M (2024) | 0% | 7 | Rapid growth |
| 8 | Greece | Finland | $29.0M | -2.1% | +34.1% | +1.9% | 2.9% | FTA reported | 0% | 0% | 0% | +0 pp | 2,472 km | $36.5M (2022) | 20.6% | 30 | Stable |
| 9 | USA, Puerto Rico and US Virgin Islands | Cambodia | $20.1M | -2.1% | +30.9% | Not reported | 2% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 14,215 km | $21.4M (2021) | 6.2% | 10 | Stable |
| 10 | USA, Puerto Rico and US Virgin Islands | Finland | $19.4M | +3% | +46.3% | +7.5% | 1.9% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 6,636 km | $32.1M (2022) | 39.6% | 29 | Growing |
| 11 | Canada | USA, Puerto Rico and US Virgin Islands | $16.5M | -12.4% | -9.4% | -21.8% | 1.6% | FTA reported | 0% | 0% | 0% | +0 pp | 556 km | $193.0M (2014) | 91.5% | 30 | Rapid decline |
| 12 | Denmark | Finland | $16.1M | +22.7% | +8.8% | -7.9% | 1.6% | FTA reported | 0% | 0% | 0% | +0 pp | 886 km | $40.5M (2013) | 60.4% | 30 | Rapid growth |
| 13 | Lithuania | Finland | $15.4M | -16.8% | +5.8% | -7.5% | 1.5% | FTA reported | 0% | 0% | 0% | +0 pp | 611 km | $33.5M (2014) | 54% | 30 | Rapid decline |
| 14 | USA, Puerto Rico and US Virgin Islands | Thailand | $14.2M | -1.8% | +249.1% | +275.4% | 1.4% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 13,951 km | $15.0M (2021) | 5.2% | 25 | Stable |
| 15 | Russia | Cambodia | $13.0M | +72.2% | +287.5% | Not reported | 1.3% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 7,536 km | $13.0M (2024) | 0% | 7 | Rapid growth |
| 16 | Finland | Turkey | $11.1M | -14.3% | -4.2% | +2.6% | 1.1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,149 km | $27.3M (2022) | 59.3% | 30 | Rapid decline |
| 17 | Belarus | Russia | $10.7M | +6.8% | +12% | +14.5% | 1.1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 678 km | $18.0M (2011) | 40.6% | 30 | Growing |
| 18 | Finland | Estonia | $9.5M | +84.5% | +11.6% | -11.6% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 82 km | $38.0M (2013) | 74.9% | 30 | Rapid growth |
| 19 | Denmark | Netherlands | $9.1M | +2,576% | +104.2% | +65.7% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 622 km | $9.1M (2024) | 0% | 21 | Rapid growth |
| 20 | Finland | Republic of Korea | $7.4M | -13.2% | -20.8% | -10.5% | 0.7% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 7,076 km | $74.2M (1996) | 90% | 30 | Rapid decline |
| 21 | Finland | Greece | $7.4M | +1.4% | +9.4% | -7% | 0.7% | FTA reported | 0% | 0% | 0% | +0 pp | 2,472 km | $26.6M (2008) | 72.1% | 30 | Stable |
| 22 | Poland | Cambodia | $7.3M | -31.8% | +106.3% | Not reported | 0.7% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 8,586 km | $23.0M (2021) | 68.3% | 6 | Rapid decline |
| 23 | Cyprus | Finland | $7.0M | Not reported | Not reported | Not reported | 0.7% | FTA reported | 0% | 0% | 0% | +0 pp | 2,846 km | $7.0M (2024) | 0% | 1 | Insufficient history |
| 24 | Spain | Finland | $6.0M | -7.7% | -0.4% | -9.3% | 0.6% | FTA reported | 0% | 0% | 0% | +0 pp | 2,953 km | $18.5M (2013) | 67.7% | 26 | Declining |
| 25 | Finland | Italy | $5.3M | -14.9% | -18.7% | -19.9% | 0.5% | FTA reported | 0% | 0% | 0% | +0 pp | 2,204 km | $51.9M (2013) | 89.8% | 30 | Rapid decline |

## 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=4301)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/4301)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/43)
- [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)