{
  "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": "2026-08-28T10:23:32.416Z",
  "title": "HS4 5203 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 5203 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/5203/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 5203",
      "url": "https://www.yugalinks.com/trade/sector/hs4/5203"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/5203/corridors"
    }
  ],
  "hs4": "5203",
  "parentHs2": "52",
  "subsectorName": "Cotton",
  "overview": {
    "hs4": "5203",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 230880100.52213204,
    "trade_avg_3y_usd": 435267124.1655059,
    "trade_avg_5y_usd": 395059233.74510896,
    "trade_avg_10y_usd": 388460757.5031587,
    "trade_cagr_3y_pct": -6.997842249976438,
    "trade_cagr_5y_pct": -11.18995067912385,
    "trade_cagr_10y_pct": -4.765179728103819,
    "historical_peak_usd": 615593435.4664048,
    "historical_peak_year": 2012,
    "latest_below_peak_pct": 62.494710433810006,
    "yoy_growth_latest_pct": -52.275381411985286,
    "positive_growth_year_share_pct": 51.724137931034484,
    "trend_acceleration_pct": -2.2326625218726193,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 1054.4623674561933,
    "importer_concentration_hhi": 1737.857427165947,
    "trade_volatility_cv": 0.4626496096409971,
    "active_corridor_count": 1318,
    "active_exporter_count": 117,
    "active_importer_count": 165,
    "active_hs6_count": 1,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 230880100.52213204,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 154817305.0222779,
    "topFiveSharePct": 43.638578661454765,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "IND",
      "importerIso3": "VNM",
      "exporterName": "India",
      "importerName": "Viet Nam",
      "value": 47172697.01711752,
      "cagr3": 1.7107612638639802,
      "cagr5": 36.54014367349685,
      "cagr10": 50.908704965098096,
      "share": 20.43168593154505,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.15539327440096615,
      "mfnTariffPct": 0.15905857597826087,
      "preferentialTariffPct": 0.05632769993140096,
      "tariffAdvantagePp": 0.1027308760468599,
      "distanceKm": 3652,
      "historicalPeakUsd": 47172697.01711752,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 25,
      "trendLabel": "Stable"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -6.997842249976438,
    "tradeCagr5yPct": -11.18995067912385,
    "tradeCagr10yPct": -4.765179728103819,
    "latestYoyPct": -52.275381411985286,
    "trendLabel": "Declining",
    "historicalPeakUsd": 615593435.4664048,
    "historicalPeakYear": 2012,
    "latestBelowPeakPct": 62.494710433810006,
    "exporterConcentrationHhi": 1054.4623674561933,
    "importerConcentrationHhi": 1737.857427165947,
    "tradeVolatilityCv": 0.4626496096409971,
    "yearsWithData": 30
  },
  "answer": "India to Viet Nam leads the reported HS4 5203 routes with $47.2M in 2024 and +1.7% calculated three-year growth. The HS4 subsector recorded $230.9M in latest reported trade, with -7% calculated three-year growth.",
  "corridors": [
    {
      "rank": 1,
      "exporterIso3": "IND",
      "importerIso3": "VNM",
      "exporterName": "India",
      "importerName": "Viet Nam",
      "value": 47172697.01711752,
      "cagr3": 1.7107612638639802,
      "cagr5": 36.54014367349685,
      "cagr10": 50.908704965098096,
      "share": 20.43168593154505,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.15539327440096615,
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      "preferentialTariffPct": 0.05632769993140096,
      "tariffAdvantagePp": 0.1027308760468599,
      "distanceKm": 3652,
      "historicalPeakUsd": 47172697.01711752,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 25,
      "trendLabel": "Stable"
    },
    {
      "rank": 2,
      "exporterIso3": "AFG",
      "importerIso3": "PAK",
      "exporterName": "Afghanistan",
      "importerName": "Pakistan",
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      "cagr3": 18.657735860227476,
      "cagr5": 70.7708249634239,
      "cagr10": null,
      "share": 10.22888067172436,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
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      "preferentialTariffPct": 0.04960320541414142,
      "tariffAdvantagePp": 0.3512573456101011,
      "distanceKm": 1086,
      "historicalPeakUsd": 23616449.977166135,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
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      "trendLabel": "Rapid growth"
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    },
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      "share": 3.859830704020919,
      "ftaKnown": true,
      "hasFta": false,
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      "yearsWithData": 11,
      "trendLabel": "Rapid growth"
    },
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      "rank": 5,
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    },
    {
      "rank": 6,
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      "importerIso3": "FRA",
      "exporterName": "Poland",
      "importerName": "France",
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      "ftaKnown": true,
      "hasFta": true,
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      "historicalPeakUsd": 12035793.939893615,
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      "trendLabel": "Rapid decline"
    },
    {
      "rank": 7,
      "exporterIso3": "UZB",
      "importerIso3": "VNM",
      "exporterName": "Uzbekistan",
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      "historicalPeakYear": 2023,
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      "yearsWithData": 12,
      "trendLabel": "Stable"
    },
    {
      "rank": 8,
      "exporterIso3": "TZA",
      "importerIso3": "PAK",
      "exporterName": "United Rep. of Tanzania",
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    },
    {
      "rank": 9,
      "exporterIso3": "KOR",
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      "exporterName": "Republic of Korea",
      "importerName": "Japan",
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      "ftaKnown": true,
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      "trendLabel": "Declining"
    },
    {
      "rank": 10,
      "exporterIso3": "KOR",
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      "exporterName": "Republic of Korea",
      "importerName": "Viet Nam",
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      "yearsWithData": 30,
      "trendLabel": "Rapid decline"
    },
    {
      "rank": 11,
      "exporterIso3": "MYS",
      "importerIso3": "VNM",
      "exporterName": "Malaysia",
      "importerName": "Viet Nam",
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      "importerName": "Spain",
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    },
    {
      "rank": 13,
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      "exporterName": "USA, Puerto Rico and US Virgin Islands",
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    },
    {
      "rank": 14,
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      "ftaKnown": true,
      "hasFta": false,
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    },
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      "rank": 15,
      "exporterIso3": "USA",
      "importerIso3": "HND",
      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Honduras",
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      "cagr3": 47.00672956956431,
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      "ftaKnown": true,
      "hasFta": true,
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      "tariffAdvantagePp": 0.08323708680159596,
      "distanceKm": 3219,
      "historicalPeakUsd": 31681426.618246935,
      "historicalPeakYear": 2007,
      "latestBelowPeakPct": 93.60178281396458,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 16,
      "exporterIso3": "UGA",
      "importerIso3": "BGD",
      "exporterName": "Uganda",
      "importerName": "Bangladesh",
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      "cagr3": 6.833376912307543,
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      "appliedTariffPct": 0.6725363404761903,
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      "distanceKm": 6749,
      "historicalPeakUsd": 2011318.01,
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      "latestBelowPeakPct": 0,
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      "trendLabel": "Growing"
    },
    {
      "rank": 17,
      "exporterIso3": "PRT",
      "importerIso3": "ESP",
      "exporterName": "Portugal",
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