{
  "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": "2026-08-28T10:23:43.982Z",
  "title": "HS4 7116 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 7116 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/7116/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 7116",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7116"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7116/corridors"
    }
  ],
  "hs4": "7116",
  "parentHs2": "71",
  "subsectorName": "Pearls",
  "overview": {
    "hs4": "7116",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 2135829837.2173314,
    "trade_avg_3y_usd": 2577489034.5213513,
    "trade_avg_5y_usd": 2138058188.7109551,
    "trade_avg_10y_usd": 2035178103.138287,
    "trade_cagr_3y_pct": 7.161108793663495,
    "trade_cagr_5y_pct": 11.397728012500053,
    "trade_cagr_10y_pct": -2.031124494484371,
    "historical_peak_usd": 3502208193.693393,
    "historical_peak_year": 2023,
    "latest_below_peak_pct": 39.014766710230695,
    "yoy_growth_latest_pct": -32.321321527104836,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": 9.192233288147866,
    "trend_label": "Growing",
    "exporter_concentration_hhi": 1654.4697638673515,
    "importer_concentration_hhi": 1279.5319096418684,
    "trade_volatility_cv": 0.5502741856893681,
    "active_corridor_count": 4140,
    "active_exporter_count": 164,
    "active_importer_count": 183,
    "active_hs6_count": 2,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 2135829837.2173314,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 1156366216.8212676,
    "topFiveSharePct": 31.631326909098444,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 472554871.9097545,
      "cagr3": 12.891899372310501,
      "cagr5": 12.646417131738508,
      "cagr10": 5.262320582799829,
      "share": 22.12511800684568,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 472554871.9097545,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    }
  },
  "indicators": {
    "tradeCagr3yPct": 7.161108793663495,
    "tradeCagr5yPct": 11.397728012500053,
    "tradeCagr10yPct": -2.031124494484371,
    "latestYoyPct": -32.321321527104836,
    "trendLabel": "Growing",
    "historicalPeakUsd": 3502208193.693393,
    "historicalPeakYear": 2023,
    "latestBelowPeakPct": 39.014766710230695,
    "exporterConcentrationHhi": 1654.4697638673515,
    "importerConcentrationHhi": 1279.5319096418684,
    "tradeVolatilityCv": 0.5502741856893681,
    "yearsWithData": 30
  },
  "answer": "China to USA, Puerto Rico and US Virgin Islands leads the reported HS4 7116 routes with $472.6M in 2024 and +12.9% calculated three-year growth. The HS4 subsector recorded $2.1B in latest reported trade, with +7.2% calculated three-year growth.",
  "corridors": [
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      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 472554871.9097545,
      "cagr3": 12.891899372310501,
      "cagr5": 12.646417131738508,
      "cagr10": 5.262320582799829,
      "share": 22.12511800684568,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 472554871.9097545,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 2,
      "exporterIso3": "USA",
      "importerIso3": "WXD",
      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "World excl. Intra-EU",
      "value": 71674390,
      "cagr3": 58.73225250741898,
      "cagr5": 4.669876670813533,
      "cagr10": -4.364909078960999,
      "share": 3.3558099409914166,
      "ftaKnown": false,
      "hasFta": false,
      "accessLabel": "Not reported",
      "appliedTariffPct": null,
      "mfnTariffPct": null,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": null,
      "historicalPeakUsd": 187903063,
      "historicalPeakYear": 2008,
      "latestBelowPeakPct": 61.85565639236014,
      "yearsWithData": 30,
      "trendLabel": "Rapid growth"
    },
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      "rank": 3,
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      "exporterName": "Thailand",
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      "hasFta": false,
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      "preferentialTariffPct": 0.009758806859535351,
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      "historicalPeakUsd": 46815501.5529234,
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      "rank": 4,
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      "importerName": "Belgium",
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      "ftaKnown": true,
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      "preferentialTariffPct": 0.01645424610145204,
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      "distanceKm": 9264,
      "historicalPeakUsd": 44511413.04501055,
      "historicalPeakYear": 2024,
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 5,
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      "importerIso3": "USA",
      "exporterName": "India",
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    },
    {
      "rank": 6,
      "exporterIso3": "BHS",
      "importerIso3": "USA",
      "exporterName": "Bahamas",
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      "hasFta": false,
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      "distanceKm": 1764,
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      "latestBelowPeakPct": 0,
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 7,
      "exporterIso3": "IRL",
      "importerIso3": "USA",
      "exporterName": "Ireland",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "historicalPeakYear": 2007,
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      "yearsWithData": 30,
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    },
    {
      "rank": 8,
      "exporterIso3": "CHN",
      "importerIso3": "HKG",
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      "importerName": "China, Hong Kong Special Administrative Region",
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      "historicalPeakYear": 2023,
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      "trendLabel": "Stable"
    },
    {
      "rank": 9,
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      "importerIso3": "CHE",
      "exporterName": "France",
      "importerName": "Switzerland, Liechtenstein",
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    },
    {
      "rank": 10,
      "exporterIso3": "VNM",
      "importerIso3": "USA",
      "exporterName": "Viet Nam",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "importerIso3": "CHN",
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      "ftaKnown": true,
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      "distanceKm": 11883,
      "historicalPeakUsd": 32510609.907883916,
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    },
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    {
      "rank": 13,
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      "importerIso3": "DEU",
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      "importerName": "Germany",
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    },
    {
      "rank": 14,
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      "importerIso3": "AUT",
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      "importerName": "Austria",
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      "ftaKnown": true,
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      "appliedTariffPct": 0.0685697872222222,
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      "preferentialTariffPct": 0.056312970222222244,
      "tariffAdvantagePp": 0.03780714055555551,
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      "historicalPeakYear": 2022,
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      "trendLabel": "Declining"
    },
    {
      "rank": 15,
      "exporterIso3": "JPN",
      "importerIso3": "CHN",
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      "cagr3": 56.584332529855395,
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      "ftaKnown": true,
      "hasFta": false,
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      "appliedTariffPct": 0.3018987556787879,
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      "historicalPeakUsd": 31900080.913646266,
      "historicalPeakYear": 2023,
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      "trendLabel": "Rapid growth"
    },
    {
      "rank": 16,
      "exporterIso3": "CHN",
      "importerIso3": "CAN",
      "exporterName": "China",
      "importerName": "Canada",
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      "cagr3": 10.4590243868536,
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      "distanceKm": 11441,
      "historicalPeakUsd": 22171991.968941905,
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      "latestBelowPeakPct": 0,
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    },
    {
      "rank": 17,
      "exporterIso3": "CHN",
      "importerIso3": "CHE",
      "exporterName": "China",
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