# HS4 7114 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 7114 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7114/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **7114 - Silversmiths\' wares**
- Parent sector: [HS2 71 overview](https://www.yugalinks.com/trade/sector/hs2/71)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

Republic of Korea to China, Hong Kong Special Administrative Region leads the reported HS4 7114 routes with $613.2M in 2024 and +263.2% calculated three-year growth. The HS4 subsector recorded $1.7B in latest reported trade, with +13.4% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 7114 in the workspace](https://www.yugalinks.com/app?hs=7114)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/7114)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/71)
- [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 | $1.7B | Reported value in 2024 |
| Displayed corridor value | $1.3B | Sum of the routes shown |
| HS4 3-year CAGR | +13.4% | Calculated annualized change |
| HS4 5-year CAGR | -3.4% | Calculated annualized change |
| HS4 10-year CAGR | +1.2% | Calculated annualized change |
| Latest year-on-year change | +46% | Calculated change from the prior year |
| Reported trend | Rapid growth | Available HS4 trend label |
| Historical peak | $5.8B in 2011 | Reported-history comparison |
| Latest below peak | 70% | Calculated peak comparison |
| Exporter / importer HHI | 1,646.1 / 2,473.3 | Calculated concentration indicators |
| Trade volatility | 0.9 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 2,691 / 139 / 172 / 3 | Latest available breadth |

## Growth leaders

- **Turkey -> United Arab Emirates**: +7,306.2% calculated three-year CAGR, $9.7M latest reported value, 0.6% market share, trend Rapid growth.
- **New Zealand -> China, Hong Kong Special Administrative Region**: +657.7% calculated three-year CAGR, $10.3M latest reported value, 0.6% market share, trend Rapid growth.
- **Republic of Korea -> China, Hong Kong Special Administrative Region**: +263.2% calculated three-year CAGR, $613.2M latest reported value, 35.5% market share, trend Rapid growth.
- **Viet Nam -> China, Hong Kong Special Administrative Region**: +261.2% calculated three-year CAGR, $11.6M latest reported value, 0.7% market share, trend Rapid growth.
- **USA, Puerto Rico and US Virgin Islands -> Dominican Republic**: +199.6% calculated three-year CAGR, $8.9M latest reported value, 0.5% 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 | $553.6M | 17 | +84.9% | 0% | +0 pp |
| No FTA reported | $702.5M | 8 | +942.6% | 0% | +0 pp |

- Lowest reported applied tariff route: **Republic of Korea -> China, Hong Kong Special Administrative Region** at 0%.
- Largest reported tariff advantage route: **China, Hong Kong Special Administrative Region -> China** at +0.3 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 | Republic of Korea | China, Hong Kong Special Administrative Region | $613.2M | +263.2% | +189.4% | +230.3% | 35.5% | No FTA reported | 0% | 0% | Not reported | Not reported | 2,092 km | $613.2M (2024) | 0% | 28 | Rapid growth |
| 2 | China | China, Hong Kong Special Administrative Region | $320.5M | +3.3% | +27.5% | -5.8% | 18.6% | FTA reported | 0% | 0% | Not reported | Not reported | 1,226 km | $2.7B (2011) | 88.1% | 30 | Growing |
| 3 | China | China, Macao SAR | $44.8M | +101.4% | +63.1% | +24.2% | 2.6% | FTA reported | 0% | 0% | Not reported | Not reported | 1,271 km | $44.8M (2024) | 0% | 29 | Rapid growth |
| 4 | Israel | USA, Puerto Rico and US Virgin Islands | $25.5M | +4.7% | +6.9% | +4.4% | 1.5% | FTA reported | 0% | 0% | 0% | +0 pp | 9,135 km | $30.5M (2022) | 16.4% | 30 | Growing |
| 5 | Malaysia | Japan | $18.3M | -27.7% | -12.2% | +2.6% | 1.1% | FTA reported | 0% | 0% | 0% | +0 pp | 5,315 km | $51.4M (2022) | 64.3% | 28 | Rapid decline |
| 6 | Italy | USA, Puerto Rico and US Virgin Islands | $16.9M | +4.6% | +12.8% | +6.1% | 1% | No FTA reported | 0% | 0% | Not reported | Not reported | 6,907 km | $18.7M (2023) | 9.8% | 30 | Growing |
| 7 | Italy | Switzerland, Liechtenstein | $16.6M | +46% | +29.1% | +6.7% | 1% | FTA reported | 0% | 0% | 0% | -0 pp | 684 km | $16.6M (2024) | 0% | 30 | Rapid growth |
| 8 | Turkey | USA, Puerto Rico and US Virgin Islands | $16.4M | +17.9% | +28.7% | +26.2% | 1% | No FTA reported | 0% | 0% | 0% | +0 pp | 8,087 km | $16.4M (2024) | 0% | 30 | Rapid growth |
| 9 | Japan | Malaysia | $16.4M | +28.6% | +21.4% | -6% | 0.9% | FTA reported | 0.1% | 0.1% | 0.1% | +0.1 pp | 5,315 km | $30.5M (2014) | 46.3% | 30 | Rapid growth |
| 10 | Malaysia | Singapore | $15.0M | +117.7% | +5.5% | -4.7% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 316 km | $43.6M (2015) | 65.6% | 30 | Rapid growth |
| 11 | Germany | Taiwan | $12.8M | -34.4% | +153.1% | +58.1% | 0.7% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 8,970 km | $57.6M (2022) | 77.7% | 30 | Rapid decline |
| 12 | Italy | Poland | $12.6M | +16.7% | +8.1% | +13.1% | 0.7% | FTA reported | 0.1% | 0.1% | 0% | +0 pp | 1,317 km | $12.8M (2023) | 1.9% | 30 | Rapid growth |
| 13 | Viet Nam | China, Hong Kong Special Administrative Region | $11.6M | +261.2% | -6.6% | +79.2% | 0.7% | FTA reported | 0% | 0% | Not reported | Not reported | 1,507 km | $16.2M (2019) | 28.9% | 17 | Rapid growth |
| 14 | Taiwan | Malaysia | $11.5M | +27.1% | +14.1% | +66.8% | 0.7% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 3,217 km | $13.1M (2010) | 12% | 30 | Rapid growth |
| 15 | Italy | Belgium | $11.4M | +30.9% | +14.2% | +9.3% | 0.7% | FTA reported | 0% | 0% | 0% | +0 pp | 1,174 km | $15.5M (2023) | 26.2% | 26 | Rapid growth |
| 16 | China | Germany | $11.4M | -11.6% | +23.9% | +29.4% | 0.7% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 8,415 km | $16.6M (2021) | 31% | 30 | Rapid decline |
| 17 | Japan | Taiwan | $10.6M | -32.5% | +6.3% | -0.4% | 0.6% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 2,109 km | $34.4M (2021) | 69.2% | 30 | Rapid decline |
| 18 | New Zealand | China, Hong Kong Special Administrative Region | $10.3M | +657.7% | +285.8% | +124.2% | 0.6% | FTA reported | 0% | 0% | Not reported | Not reported | 9,122 km | $10.3M (2024) | 0% | 30 | Rapid growth |
| 19 | Turkey | United Arab Emirates | $9.7M | +7,306.2% | +174.3% | +35.2% | 0.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 2,996 km | $9.7M (2024) | 0% | 30 | Rapid growth |
| 20 | China, Hong Kong Special Administrative Region | China | $9.0M | +15.8% | +22.4% | +2.9% | 0.5% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 1,226 km | $9.8M (2023) | 7.8% | 30 | Rapid growth |
| 21 | USA, Puerto Rico and US Virgin Islands | Dominican Republic | $8.9M | +199.6% | +68.5% | +29.3% | 0.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 2,495 km | $15.8M (2004) | 43.2% | 30 | Rapid growth |
| 22 | France | Switzerland, Liechtenstein | $8.6M | +35.6% | +17.9% | +2.4% | 0.5% | FTA reported | 0% | 0% | 0% | -0 pp | 487 km | $8.6M (2024) | 0% | 30 | Rapid growth |
| 23 | Turkey | Israel | $8.3M | -28.1% | -9.8% | +10.2% | 0.5% | FTA reported | 0.1% | 0.1% | 0.1% | +0 pp | 1,120 km | $26.2M (2023) | 68.4% | 30 | Rapid decline |
| 24 | Italy | France | $8.0M | +5.2% | +7.9% | -0.9% | 0.5% | FTA reported | 0% | 0% | 0% | +0 pp | 1,106 km | $12.8M (2008) | 37.8% | 30 | Growing |
| 25 | Australia | New Zealand | $7.8M | -26% | -4.6% | +42.1% | 0.5% | FTA reported | 0% | 0.1% | 0% | +0.1 pp | 2,632 km | $25.0M (2022) | 68.7% | 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=7114)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/7114)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/71)
- [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)