{
  "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": "2026-08-28T10:23:44.175Z",
  "title": "HS4 7203 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 7203 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/7203/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 7203",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7203"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7203/corridors"
    }
  ],
  "hs4": "7203",
  "parentHs2": "72",
  "subsectorName": "Ferrous products",
  "overview": {
    "hs4": "7203",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 4505578840.7401285,
    "trade_avg_3y_usd": 5037252411.985504,
    "trade_avg_5y_usd": 4963704998.202916,
    "trade_avg_10y_usd": 4005220332.4512343,
    "trade_cagr_3y_pct": -7.095094288918514,
    "trade_cagr_5y_pct": 1.1447711604251065,
    "trade_cagr_10y_pct": 2.494200157721993,
    "historical_peak_usd": 6089780311.724369,
    "historical_peak_year": 2022,
    "latest_below_peak_pct": 26.014098865508362,
    "yoy_growth_latest_pct": -10.02190652831204,
    "positive_growth_year_share_pct": 62.06896551724138,
    "trend_acceleration_pct": -9.589294446640507,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 2832.6103303549557,
    "importer_concentration_hhi": 1224.020526244974,
    "trade_volatility_cv": 0.6733119075188042,
    "active_corridor_count": 979,
    "active_exporter_count": 106,
    "active_importer_count": 150,
    "active_hs6_count": 2,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 4505578840.7401285,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 3517886299.2050896,
    "topFiveSharePct": 42.17854809260095,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "OMN",
      "importerIso3": "SAU",
      "exporterName": "Oman",
      "importerName": "Saudi Arabia",
      "value": 688955898.5496109,
      "cagr3": 7.522995795282061,
      "cagr5": -0.8087114224868075,
      "cagr10": 19.03843219137564,
      "share": 15.291173962376753,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.0842203781879596,
      "mfnTariffPct": 0.09920948249898989,
      "preferentialTariffPct": 0,
      "tariffAdvantagePp": 0.09920948249898989,
      "distanceKm": 1213,
      "historicalPeakUsd": 800583384.7424254,
      "historicalPeakYear": 2020,
      "latestBelowPeakPct": 13.943267911902632,
      "yearsWithData": 14,
      "trendLabel": "Growing"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -7.095094288918514,
    "tradeCagr5yPct": 1.1447711604251065,
    "tradeCagr10yPct": 2.494200157721993,
    "latestYoyPct": -10.02190652831204,
    "trendLabel": "Declining",
    "historicalPeakUsd": 6089780311.724369,
    "historicalPeakYear": 2022,
    "latestBelowPeakPct": 26.014098865508362,
    "exporterConcentrationHhi": 2832.6103303549557,
    "importerConcentrationHhi": 1224.020526244974,
    "tradeVolatilityCv": 0.6733119075188042,
    "yearsWithData": 30
  },
  "answer": "Oman to Saudi Arabia leads the reported HS4 7203 routes with $689.0M in 2024 and +7.5% calculated three-year growth. The HS4 subsector recorded $4.5B in latest reported trade, with -7.1% calculated three-year growth.",
  "corridors": [
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      "importerIso3": "SAU",
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      "importerName": "Saudi Arabia",
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      "cagr3": 7.522995795282061,
      "cagr5": -0.8087114224868075,
      "cagr10": 19.03843219137564,
      "share": 15.291173962376753,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.0842203781879596,
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      "preferentialTariffPct": 0,
      "tariffAdvantagePp": 0.09920948249898989,
      "distanceKm": 1213,
      "historicalPeakUsd": 800583384.7424254,
      "historicalPeakYear": 2020,
      "latestBelowPeakPct": 13.943267911902632,
      "yearsWithData": 14,
      "trendLabel": "Growing"
    },
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      "exporterIso3": "TTO",
      "importerIso3": "USA",
      "exporterName": "Trinidad and Tobago",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "cagr10": -0.3198300151459388,
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      "hasFta": false,
      "accessLabel": "No FTA reported",
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      "preferentialTariffPct": 0.004670543200288891,
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    },
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    },
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      "trendLabel": "Rapid growth"
    },
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      "exporterName": "USA, Puerto Rico and US Virgin Islands",
      "importerName": "Austria",
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      "trendLabel": "Rapid growth"
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      "importerIso3": "BLR",
      "exporterName": "Russia",
      "importerName": "Belarus",
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    },
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      "rank": 13,
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      "importerName": "Viet Nam",
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      "rank": 14,
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      "exporterName": "Bahrain",
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      "ftaKnown": true,
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      "historicalPeakUsd": 197885050.25407854,
      "historicalPeakYear": 2011,
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    },
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      "rank": 15,
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      "importerName": "Belgium",
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      "distanceKm": 2261,
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      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 35.62061383618034,
      "yearsWithData": 16,
      "trendLabel": "Rapid growth"
    },
    {
      "rank": 16,
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      "preferentialTariffPct": null,
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      "distanceKm": 8087,
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      "importerIso3": "POL",
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