# HS4 5204 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
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Explore reported HS4 5204 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/5204/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **5204 - Cotton**
- Parent sector: [HS2 52 overview](https://www.yugalinks.com/trade/sector/hs2/52)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Mexico to Dominican Republic leads the reported HS4 5204 routes with $7.5M in 2024 and +78.1% calculated three-year growth. The HS4 subsector recorded $133.9M in latest reported trade, with -3.8% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 5204 in the workspace](https://www.yugalinks.com/app?hs=5204)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/5204)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/52)
- [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 | $133.9M | Reported value in 2024 |
| Displayed corridor value | $53.3M | Sum of the routes shown |
| HS4 3-year CAGR | -3.8% | Calculated annualized change |
| HS4 5-year CAGR | -2.6% | Calculated annualized change |
| HS4 10-year CAGR | -5.5% | Calculated annualized change |
| Latest year-on-year change | -3.2% | Calculated change from the prior year |
| Reported trend | Declining | Available HS4 trend label |
| Historical peak | $236.0M in 2014 | Reported-history comparison |
| Latest below peak | 43.3% | Calculated peak comparison |
| Exporter / importer HHI | 1,354.9 / 508.2 | Calculated concentration indicators |
| Trade volatility | 0.2 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 2,707 / 136 / 190 / 3 | Latest available breadth |

## Growth leaders

- **Honduras -> Costa Rica**: +3,744.7% calculated three-year CAGR, $2.0M latest reported value, 1.5% market share, trend Rapid growth.
- **USA, Puerto Rico and US Virgin Islands -> Costa Rica**: +341.2% calculated three-year CAGR, $1.7M latest reported value, 1.2% market share, trend Rapid growth.
- **Germany -> Portugal**: +173.9% calculated three-year CAGR, $1.7M latest reported value, 1.3% market share, trend Rapid growth.
- **France -> Poland**: +84.8% calculated three-year CAGR, $2.4M latest reported value, 1.8% market share, trend Rapid growth.
- **Mexico -> Dominican Republic**: +78.1% calculated three-year CAGR, $7.5M latest reported value, 5.6% 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 | $33.8M | 17 | +261.7% | 0.1% | +0.1 pp |
| No FTA reported | $19.5M | 8 | +15.1% | 0.1% | +0 pp |

- Lowest reported applied tariff route: **Germany -> Portugal** at 0%.
- Largest reported tariff advantage route: **India -> Bangladesh** at +0.5 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 | Mexico | Dominican Republic | $7.5M | +78.1% | +24.9% | -4.3% | 5.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 3,078 km | $14.6M (2015) | 48.4% | 26 | Rapid growth |
| 2 | China | Viet Nam | $4.5M | +8.6% | +11.1% | +1.8% | 3.4% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 2,732 km | $7.4M (2013) | 39.1% | 30 | Growing |
| 3 | Thailand | Laos | $3.3M | +15.4% | +23.1% | +9.8% | 2.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 520 km | $3.3M (2024) | 0% | 30 | Rapid growth |
| 4 | USA, Puerto Rico and US Virgin Islands | Dominican Republic | $3.2M | -3.5% | -7.9% | -14.1% | 2.4% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,495 km | $17.1M (2013) | 81.3% | 30 | Declining |
| 5 | Italy | USA, Puerto Rico and US Virgin Islands | $2.8M | -10.6% | +0.1% | +3.7% | 2.1% | No FTA reported | 0% | 0% | Not reported | Not reported | 6,907 km | $4.2M (2020) | 33.5% | 30 | Rapid decline |
| 6 | India | USA, Puerto Rico and US Virgin Islands | $2.5M | -8.9% | +1.8% | +0.5% | 1.8% | No FTA reported | 0% | 0% | 0% | +0 pp | 11,771 km | $3.2M (2021) | 24.3% | 30 | Declining |
| 7 | France | Poland | $2.4M | +84.8% | +73.8% | +76.1% | 1.8% | FTA reported | 0.1% | 0.1% | 0% | +0 pp | 1,371 km | $2.4M (2024) | 0% | 30 | Rapid growth |
| 8 | China | Myanmar | $2.2M | -8.9% | -4.4% | +6.3% | 1.6% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,017 km | $16.7M (2017) | 86.8% | 30 | Declining |
| 9 | Viet Nam | Cambodia | $2.1M | -1% | +3% | +16.8% | 1.6% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 211 km | $3.4M (2022) | 37.3% | 29 | Stable |
| 10 | Honduras | Costa Rica | $2.0M | +3,744.7% | +793.1% | +107.5% | 1.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 572 km | $2.0M (2024) | 0% | 20 | Rapid growth |
| 11 | China | Cambodia | $1.9M | +11.1% | +3% | -9.4% | 1.4% | FTA reported | 0.2% | 0.2% | Not reported | Not reported | 2,763 km | $5.6M (2015) | 66.3% | 28 | Rapid growth |
| 12 | Germany | Portugal | $1.7M | +173.9% | +124.8% | +4.6% | 1.3% | FTA reported | 0% | 0% | 0% | +0 pp | 2,316 km | $1.7M (2024) | 0% | 30 | Rapid growth |
| 13 | USA, Puerto Rico and US Virgin Islands | Costa Rica | $1.7M | +341.2% | +129.5% | +17.6% | 1.2% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 3,553 km | $5.1M (2005) | 67.6% | 30 | Rapid growth |
| 14 | Egypt | Italy | $1.7M | +42.5% | -2.9% | -1.6% | 1.2% | FTA reported | 0% | 0.1% | 0% | +0 pp | 2,135 km | $1.9M (2014) | 14.5% | 30 | Rapid growth |
| 15 | China | USA, Puerto Rico and US Virgin Islands | $1.5M | -1.6% | +9% | -1% | 1.1% | No FTA reported | 0% | 0% | Not reported | Not reported | 11,883 km | $2.0M (2008) | 24% | 30 | Stable |
| 16 | Egypt | Guatemala | $1.5M | +26.8% | +21% | +33.9% | 1.1% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 12,064 km | $3.3M (2023) | 55.3% | 15 | Rapid growth |
| 17 | China | Kazakhstan | $1.5M | +42.3% | +12.6% | -10.4% | 1.1% | No FTA reported | 0.1% | 0.1% | 0.1% | +0 pp | 4,117 km | $4.4M (2014) | 66.5% | 29 | Rapid growth |
| 18 | Italy | Tunisia | $1.4M | -6% | -9.8% | -4.3% | 1% | FTA reported | 0.3% | 0.3% | Not reported | Not reported | 598 km | $3.9M (2012) | 64.1% | 30 | Declining |
| 19 | India | Bangladesh | $1.2M | +9.3% | +22.7% | -3.2% | 0.9% | FTA reported | 0.7% | 0.7% | 0.2% | +0.5 pp | 1,427 km | $2.8M (2010) | 57.3% | 30 | Growing |
| 20 | Italy | Romania | $1.2M | -10.8% | -0.9% | -10.1% | 0.9% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 1,142 km | $4.4M (2003) | 72.4% | 30 | Rapid decline |
| 21 | Honduras | Guatemala | $1.2M | +14.8% | +21.9% | +16.7% | 0.9% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 363 km | $1.2M (2024) | 0% | 30 | Rapid growth |
| 22 | China | Laos | $1.2M | +47.5% | +67.5% | +33% | 0.9% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,402 km | $1.2M (2024) | 0% | 20 | Rapid growth |
| 23 | India | Netherlands | $1.1M | -10.9% | +8.7% | +12.6% | 0.9% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 6,366 km | $1.6M (2021) | 29.1% | 30 | Rapid decline |
| 24 | Netherlands | USA, Puerto Rico and US Virgin Islands | $1.1M | +5.7% | +22.1% | +50.2% | 0.8% | No FTA reported | 0% | 0% | Not reported | Not reported | 5,877 km | $1.1M (2024) | 0% | 28 | Growing |
| 25 | China | Philippines | $1.1M | -15% | -19.2% | +12% | 0.8% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 1,841 km | $3.1M (2019) | 65.6% | 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=5204)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/5204)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/52)
- [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)