Latest HS4 trade
$230.9MReported valueHS4 subsector corridor intelligence
Cotton
top trade corridors
HS4 5203 - 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 5203 - reported trade
Corridors shown
25Leading routes by valueLeading route value
$47.2MLatest reported valueLeading route growth
+1.7%Calculated 3-year changeLatest reported year
20241995-2024 coverageThe HS4 corridor read
India to Viet Nam leads the reported HS4 5203 routes.
The leading route recorded $47.2M in 2024, with +1.7% calculated three-year growth. Across the HS4 subsector, latest reported trade was $230.9M, with -7% calculated three-year growth. Read the HS4 overview ↗
Leading route$47.2M20.4% 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 5203 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 | IndiaIND | Viet NamVNM | $47.2M | +1.7% | +36.5% | +50.9% | 20.4% | FTA reported | 0.2% | 0.2% | 0.1% | +0.1 pp | 3,652 km | $47.2M2024 | 0% | 25 | Stable |
| 2 | AfghanistanAFG | PakistanPAK | $23.6M | +18.7% | +70.8% | Not reported | 10.2% | No FTA reported | 0.4% | 0.4% | 0% | +0.4 pp | 1,086 km | $23.6M2024 | 0% | 7 | Rapid growth |
| 3 | IndonesiaIDN | Viet NamVNM | $12.8M | -0.7% | +0.4% | +29.4% | 5.5% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 1,876 km | $13.0M2021 | 1.9% | 30 | Stable |
| 4 | BangladeshBGD | Viet NamVNM | $8.9M | +126.1% | +186.6% | +110.7% | 3.9% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 2,243 km | $18.6M2023 | 52% | 11 | Rapid growth |
| 5 | IndiaIND | ChinaCHN | $8.3M | +46.8% | +244.3% | +93.7% | 3.6% | No FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 4,252 km | $11.1M2022 | 25.6% | 22 | Rapid growth |
| 6 | PolandPOL | FranceFRA | $6.5M | -14% | +4.9% | +47.9% | 2.8% | FTA reported | 0% | 0% | 0% | +0 pp | 1,371 km | $12.0M2022 | 45.6% | 17 | Rapid decline |
| 7 | UzbekistanUZB | Viet NamVNM | $5.2M | +1.5% | +4.7% | +20.3% | 2.3% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 4,981 km | $6.7M2023 | 21.3% | 12 | Stable |
| 8 | United Rep. of TanzaniaTZA | PakistanPAK | $5.0M | -39.7% | -11.7% | +44.4% | 2.2% | No FTA reported | 0.4% | 0.4% | Not reported | Not reported | 4,627 km | $24.4M2020 | 79.4% | 16 | Rapid decline |
| 9 | Republic of KoreaKOR | JapanJPN | $3.4M | -6.2% | -4.2% | +2.3% | 1.5% | No FTA reported | 0% | 0% | 0% | +0 pp | 1,155 km | $4.7M2022 | 25.9% | 29 | Declining |
| 10 | Republic of KoreaKOR | Viet NamVNM | $3.4M | -11.5% | -6.3% | +4.4% | 1.5% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 3,599 km | $4.9M2021 | 30.6% | 30 | Rapid decline |
| 11 | MalaysiaMYS | Viet NamVNM | $3.0M | +77.4% | +138.6% | +74.2% | 1.3% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 1,005 km | $5.5M2023 | 45.6% | 24 | Rapid growth |
| 12 | TurkeyTUR | SpainESP | $2.5M | -32.8% | -13.1% | -3.9% | 1.1% | FTA reported | 0% | 0.1% | 0% | +0.1 pp | 2,744 km | $10.2M2011 | 75.3% | 28 | Rapid decline |
| 13 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $2.3M | +5.3% | -6.1% | +13% | 1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,359 km | $3.2M2022 | 28.8% | 30 | Growing |
| 14 | JapanJPN | USA, Puerto Rico and US Virgin IslandsUSA | $2.2M | +363.4% | +165% | +70.5% | 0.9% | No FTA reported | 0% | 0% | 0% | +0 pp | 10,872 km | $2.5M2023 | 12.5% | 25 | Rapid growth |
| 15 | USA, Puerto Rico and US Virgin IslandsUSA | HondurasHND | $2.0M | +47% | -16.5% | -15.2% | 0.9% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,219 km | $31.7M2007 | 93.6% | 30 | Rapid growth |
| 16 | UgandaUGA | BangladeshBGD | $2.0M | +6.8% | +3.2% | +29.8% | 0.9% | No FTA reported | 0.7% | 0.7% | Not reported | Not reported | 6,749 km | $2.0M2024 | 0% | 11 | Growing |
| 17 | PortugalPRT | SpainESP | $2.0M | -1.3% | +11.7% | -3.6% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 504 km | $3.0M2017 | 34% | 30 | Stable |
| 18 | South AfricaZAF | BotswanaBWA | $1.9M | -15.2% | -2.8% | +14.1% | 0.8% | FTA reported | Not reported | Not reported | Not reported | Not reported | 275 km | $3.5M2018 | 43.8% | 25 | Rapid decline |
| 19 | IndiaIND | TaiwanTWN | $1.9M | -36.7% | -13.9% | +11.4% | 0.8% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 4,392 km | $7.6M2021 | 74.6% | 26 | Rapid decline |
| 20 | TurkeyTUR | Viet NamVNM | $1.8M | +54.6% | +16.1% | +36.2% | 0.8% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 8,206 km | $3.1M2023 | 40.6% | 9 | Rapid growth |
| 21 | GermanyDEU | AustriaAUT | $1.8M | +26.5% | -12.3% | -1.5% | 0.8% | FTA reported | 0% | 0% | 0% | +0 pp | 524 km | $4.4M2016 | 59.2% | 30 | Rapid growth |
| 22 | United Arab EmiratesARE | SudanSDN | $1.8M | +126.2% | +43.6% | Not reported | 0.8% | FTA reported | 0.1% | 0.1% | Not reported | Not reported | 2,604 km | $2.3M2023 | 22.2% | 6 | Rapid growth |
| 23 | PakistanPAK | PolandPOL | $1.8M | +30.8% | +6.8% | +29.5% | 0.8% | No FTA reported | 0.1% | 0.1% | 0.1% | +0.1 pp | 4,906 km | $2.4M2023 | 27% | 26 | Rapid growth |
| 24 | JapanJPN | IsraelISR | $1.8M | +35.1% | +20.4% | +9.4% | 0.8% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 9,178 km | $2.3M2012 | 25.1% | 22 | Rapid growth |
| 25 | USA, Puerto Rico and US Virgin IslandsUSA | Viet NamVNM | $1.6M | -24.9% | -14.2% | +81.8% | 0.7% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 14,306 km | $3.9M2021 | 57.7% | 28 | Rapid decline |
Movement to watch
Growth leaders for HS4 5203
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
Japan to USA, Puerto Rico and US Virgin Islands
+363.4%calculated 3-year CAGR$2.2M latest value0.9% market shareRapid growth
02Growth leader
United Arab Emirates to Sudan
+126.2%calculated 3-year CAGR$1.8M latest value0.8% market shareRapid growth
03Growth leader
Bangladesh to Viet Nam
+126.1%calculated 3-year CAGR$8.9M latest value3.9% market shareRapid growth
04Growth leader
Malaysia to Viet Nam
+77.4%calculated 3-year CAGR$3.0M latest value1.3% market shareRapid growth
05Growth leader
Turkey to Viet Nam
+54.6%calculated 3-year CAGR$1.8M latest value0.8% 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 ↗
12 displayed routes with average calculated growth of +17.4%.
- Average applied tariff
- 0.1%
- Average tariff advantage
- +0.1 pp
13 displayed routes with average calculated growth of +44.3%.
- Average applied tariff
- 0.2%
- Average tariff advantage
- +0.1 pp
Lowest reported applied tariffFTA reported
Portugal to Spain
0%Routes with an available applied tariff. Latest route value: $2.0M.
Applied 0%Advantage +0 pp504 km
Largest reported tariff advantageNo FTA reported
Afghanistan to Pakistan
+0.4 ppRoutes with an available tariff advantage. Latest route value: $23.6M.
Applied 0.4%Advantage +0.4 pp1,086 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: $615.6M in 2012. Latest below peak: 62.5%.
30 observed years; 1,318 active corridors, 117 exporters, 165 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 5203. 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.