Latest HS4 trade
$17.8BReported valueHS4 subsector corridor intelligence
Cotton
top trade corridors
HS4 5201 - leading exporter-to-importer routes
Explore reported routes for this HS4 subsector, ranked by latest trade value and paired with growth, market share, access, tariff, and distance context.
The route picture at a glanceHS4 5201 - reported trade
Corridors shown
25Leading routes by valueLeading route value
$1.9BLatest reported valueLeading route growth
+22.2%Calculated 3-year changeLatest reported year
20241995-2024 coverageThe HS4 corridor read
Brazil to China leads the reported HS4 5201 routes.
The leading route recorded $1.9B in 2024, with +22.2% calculated three-year growth. Across the HS4 subsector, latest reported trade was $17.8B, with -1% calculated three-year growth. Read the HS4 overview ↗
Leading route$1.9B10.7% of latest HS4 trade
Top HS4 corridors
Where Cotton trade moves
Observed exporter-to-importer relationships ranked by latest reported trade value. Growth, peak comparisons, and shares are calculated indicators; access fields provide context where available. Review data sources ↗
HS4 5201 exporter-to-importer relationshipsTop 25 by value
Scroll horizontally to compare all route fields.
| 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 | BrazilBRA | ChinaCHN | $1.9B | +22.2% | +17.7% | +20.5% | 10.7% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 18,570 km | $1.9B2024 | 0% | 26 | Rapid growth |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | ChinaCHN | $1.6B | +4.9% | +18.5% | +3.6% | 9.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,883 km | $3.4B2012 | 52.4% | 30 | Growing |
| 3 | AustraliaAUS | Viet NamVNM | $906.1M | +15.6% | +61.5% | +20% | 5.1% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 6,694 km | $1.2B2022 | 22.6% | 30 | Rapid growth |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | Viet NamVNM | $863.5M | -6.2% | -9.6% | +7.7% | 4.9% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 14,306 km | $1.4B2019 | 39.7% | 30 | Declining |
| 5 | BrazilBRA | Viet NamVNM | $799.6M | +9.7% | +17.6% | +19.7% | 4.5% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 16,863 km | $799.6M2024 | 0% | 23 | Growing |
| 6 | AustraliaAUS | ChinaCHN | $676.4M | +112.6% | -2.6% | -3.9% | 3.8% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 8,024 km | $1.8B2012 | 63.1% | 30 | Rapid growth |
| 7 | IndiaIND | BangladeshBGD | $655.2M | -21.9% | +10.5% | +0.7% | 3.7% | FTA reported | 0.7% | 0.7% | 0.2% | +0.5 pp | 1,427 km | $1.4B2021 | 52.4% | 30 | Rapid decline |
| 8 | BrazilBRA | BangladeshBGD | $604.4M | +12% | +20.3% | +36.6% | 3.4% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 15,665 km | $604.4M2024 | 0% | 30 | Rapid growth |
| 9 | USA, Puerto Rico and US Virgin IslandsUSA | PakistanPAK | $558.1M | -3.7% | +1.9% | +21.6% | 3.1% | No FTA reported | 0.4% | 0.4% | Not reported | Not reported | 11,705 km | $812.3M2022 | 31.3% | 30 | Declining |
| 10 | BeninBEN | BangladeshBGD | $480.4M | +4.2% | +28.3% | +31.5% | 2.7% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 9,533 km | $480.4M2024 | 0% | 29 | Growing |
| 11 | BrazilBRA | TurkeyTUR | $453.5M | -2% | +14.4% | +20.4% | 2.6% | No FTA reported | 0.1% | 0.1% | 0% | +0 pp | 10,569 km | $541.9M2022 | 16.3% | 26 | Stable |
| 12 | BrazilBRA | PakistanPAK | $375.7M | +7.5% | +26.8% | +25.3% | 2.1% | No FTA reported | 0.4% | 0.4% | Not reported | Not reported | 13,367 km | $441.5M2022 | 14.9% | 27 | Growing |
| 13 | USA, Puerto Rico and US Virgin IslandsUSA | TurkeyTUR | $363.0M | -12.7% | -10.8% | -8.3% | 2% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 8,087 km | $1.2B2011 | 70% | 30 | Rapid decline |
| 14 | BrazilBRA | IndonesiaIDN | $290.6M | -0.9% | -2.8% | -0.2% | 1.6% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 15,642 km | $334.7M2019 | 13.2% | 30 | Stable |
| 15 | AustraliaAUS | IndiaIND | $264.2M | +62.2% | +53.4% | +17.6% | 1.5% | No FTA reported | 0.5% | 0.5% | Not reported | Not reported | 10,192 km | $264.2M2024 | 0% | 29 | Rapid growth |
| 16 | USA, Puerto Rico and US Virgin IslandsUSA | BangladeshBGD | $250.8M | -6.9% | -4% | +11.2% | 1.4% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 12,693 km | $477.7M2022 | 47.5% | 30 | Declining |
| 17 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $250.7M | -15.1% | -3.9% | -5% | 1.4% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,359 km | $777.2M2011 | 67.7% | 30 | Rapid decline |
| 18 | AustraliaAUS | BangladeshBGD | $231.6M | +55.9% | +39% | +9.9% | 1.3% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 8,882 km | $284.6M2018 | 18.6% | 28 | Rapid growth |
| 19 | AustraliaAUS | IndonesiaIDN | $231.0M | -3.2% | +25% | +4.2% | 1.3% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 5,202 km | $385.8M2001 | 40.1% | 30 | Declining |
| 20 | CameroonCMR | BangladeshBGD | $228.8M | +12.1% | +26.3% | +22.7% | 1.3% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 8,712 km | $228.8M2024 | 0% | 29 | Rapid growth |
| 21 | AfghanistanAFG | PakistanPAK | $215.5M | +11.8% | +31.2% | +15.8% | 1.2% | No FTA reported | 0.4% | 0.4% | 0% | +0.4 pp | 1,086 km | $215.5M2024 | 0% | 27 | Rapid growth |
| 22 | GreeceGRC | TurkeyTUR | $196.5M | -25.2% | -6.8% | +0.8% | 1.1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 562 km | $469.0M2021 | 58.1% | 30 | Rapid decline |
| 23 | USA, Puerto Rico and US Virgin IslandsUSA | IndiaIND | $196.4M | -1.9% | -19.6% | +7.8% | 1.1% | No FTA reported | 0.5% | 0.5% | Not reported | Not reported | 11,771 km | $583.7M2019 | 66.4% | 30 | Stable |
| 24 | AzerbaijanAZE | TurkeyTUR | $148.9M | -8.4% | +6.5% | +83.5% | 0.8% | No FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 1,767 km | $193.7M2021 | 23.1% | 30 | Declining |
| 25 | GreeceGRC | EgyptEGY | $139.8M | -0.7% | +6.7% | +5.2% | 0.8% | FTA reported | 0.3% | 0.3% | 0.1% | +0.3 pp | 1,117 km | $142.8M2021 | 2.1% | 27 | Stable |
Movement to watch
Growth leaders for HS4 5201
The strongest available three-year growth rates are starting points for research, not forecasts. Compare the calculated rate with each route's reported value, share, and trend. Read the methodology ↗
01Growth leader
Australia to China
+112.6%calculated 3-year CAGR$676.4M latest value3.8% market shareRapid growth
02Growth leader
Australia to India
+62.2%calculated 3-year CAGR$264.2M latest value1.5% market shareRapid growth
03Growth leader
Australia to Bangladesh
+55.9%calculated 3-year CAGR$231.6M latest value1.3% market shareRapid growth
04Growth leader
Brazil to China
+22.2%calculated 3-year CAGR$1.9B latest value10.7% market shareRapid growth
05Growth leader
Australia to Viet Nam
+15.6%calculated 3-year CAGR$906.1M latest value5.1% market shareRapid growth
Access and tariff context
Compare route access without over-reading one indicator
FTA status, applied tariffs, tariff advantage, and distance are supporting route context. Group averages are calculated from displayed routes and are not tariff recommendations. Check data coverage ↗
7 displayed routes with average calculated growth of +8.9%.
- Average applied tariff
- 0.3%
- Average tariff advantage
- +0.2 pp
18 displayed routes with average calculated growth of +8.9%.
- Average applied tariff
- 0.4%
- Average tariff advantage
- +0.2 pp
Lowest reported applied tariffFTA reported
Greece to Turkey
0.1%Routes with an available applied tariff. Latest route value: $196.5M.
Applied 0.1%Advantage +0.1 pp562 km
Largest reported tariff advantageFTA reported
India to Bangladesh
+0.5 ppRoutes with an available tariff advantage. Latest route value: $655.2M.
Applied 0.7%Advantage +0.5 pp1,427 km
HS4 indicators
Scale, momentum, and structure in one view
These cards pair reported trade observations with calculated indicators from the available HS4 history. See indicator definitions ↗
Combined reported value across the 25 routes shown.
Calculated annualized change in reported HS4 trade.
Calculated concentration indicators; higher values mean a more concentrated mix.
Calculated variation in annual reported HS4 trade.
Historical peak: $22.7B in 2022. Latest below peak: 21.8%.
30 observed years; 2,647 active corridors, 152 exporters, 187 importers, and 1 HS6 products.
How to read this view
Keep reported scale separate from calculated movement.
Latest trade values describe reported merchandise trade for HS4 5201. Growth, market share, HHI, volatility, and peak comparisons are calculated indicators over the stated coverage period.
FTA status, tariffs, and distance add route context where available. A missing value stays unavailable; it is not treated as zero or a forecast.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.