# HS4 7301 top trade corridors | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
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Explore reported HS4 7301 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7301/corridors

## Page details

- Page type: HS4 subsector top trade corridors
- HS4: **7301 - Iron or steel**
- Parent sector: [HS2 73 overview](https://www.yugalinks.com/trade/sector/hs2/73)
- Coverage: 1995-2024
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## Answer

China to Philippines leads the reported HS4 7301 routes with $417.8M in 2024 and +17.8% calculated three-year growth. The HS4 subsector recorded $2.4B in latest reported trade, with +2.3% calculated three-year growth.

## Explore Yugalinks

- [Open HS4 7301 in the workspace](https://www.yugalinks.com/app?hs=7301)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/7301)
- [Read the parent HS2 overview](https://www.yugalinks.com/trade/sector/hs2/73)
- [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 | $2.4B | Reported value in 2024 |
| Displayed corridor value | $1.2B | Sum of the routes shown |
| HS4 3-year CAGR | +2.3% | Calculated annualized change |
| HS4 5-year CAGR | +5.2% | Calculated annualized change |
| HS4 10-year CAGR | -0.7% | Calculated annualized change |
| Latest year-on-year change | -5.2% | Calculated change from the prior year |
| Reported trend | Stable | Available HS4 trend label |
| Historical peak | $2.7B in 2008 | Reported-history comparison |
| Latest below peak | 12.8% | Calculated peak comparison |
| Exporter / importer HHI | 1,576.4 / 752.9 | Calculated concentration indicators |
| Trade volatility | 0.5 | Calculated variation in annual values |
| Active corridors / exporters / importers / HS6 | 2,956 / 140 / 199 / 2 | Latest available breadth |

## Growth leaders

- **Oman -> Saudi Arabia**: +1,314.5% calculated three-year CAGR, $23.6M latest reported value, 1% market share, trend Rapid growth.
- **Luxembourg -> Saudi Arabia**: +611.6% calculated three-year CAGR, $48.2M latest reported value, 2% market share, trend Rapid growth.
- **Qatar -> United Arab Emirates**: +170.9% calculated three-year CAGR, $37.4M latest reported value, 1.6% market share, trend Rapid growth.
- **China -> Russia**: +125.3% calculated three-year CAGR, $21.7M latest reported value, 0.9% market share, trend Rapid growth.
- **China -> Malaysia**: +87% calculated three-year CAGR, $24.5M latest reported value, 1% 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 | $1.0B | 20 | +83.7% | 0% | +0 pp |
| No FTA reported | $191.6M | 5 | +149.8% | 0.2% | +0 pp |

- Lowest reported applied tariff route: **Luxembourg -> Germany** at 0%.
- Largest reported tariff advantage route: **China -> Philippines** at +0.2 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 | China | Philippines | $417.8M | +17.8% | +37.9% | +37.3% | 17.7% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 1,841 km | $417.8M (2024) | 0% | 29 | Rapid growth |
| 2 | Luxembourg | USA, Puerto Rico and US Virgin Islands | $69.1M | +8.2% | +7.7% | -3.9% | 2.9% | No FTA reported | 0% | 0% | Not reported | Not reported | 6,074 km | $128.7M (2008) | 46.3% | 26 | Growing |
| 3 | Luxembourg | Germany | $54.0M | -7.8% | -4.2% | -2% | 2.3% | FTA reported | 0% | 0% | 0% | +0 pp | 604 km | $104.5M (2008) | 48.3% | 26 | Declining |
| 4 | Poland | Germany | $49.5M | +3% | +9.5% | +6.9% | 2.1% | FTA reported | 0% | 0% | 0% | +0 pp | 518 km | $63.2M (2022) | 21.7% | 30 | Growing |
| 5 | China | China, Hong Kong Special Administrative Region | $48.9M | -8.1% | +3.3% | -2.2% | 2.1% | FTA reported | 0% | 0% | Not reported | Not reported | 1,226 km | $92.6M (2013) | 47.1% | 30 | Declining |
| 6 | Luxembourg | Saudi Arabia | $48.2M | +611.6% | +43.9% | +45.2% | 2% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 4,458 km | $48.2M (2024) | 0% | 24 | Rapid growth |
| 7 | Luxembourg | Netherlands | $46.4M | -21.4% | -10% | -7.6% | 2% | FTA reported | 0% | 0% | 0% | +0 pp | 319 km | $194.1M (2008) | 76.1% | 26 | Rapid decline |
| 8 | Luxembourg | Italy | $43.2M | +59.7% | +48.5% | +13.4% | 1.8% | FTA reported | 0% | 0% | 0% | +0 pp | 989 km | $70.4M (2007) | 38.7% | 26 | Rapid growth |
| 9 | Qatar | United Arab Emirates | $37.4M | +170.9% | +4.3% | -12.5% | 1.6% | FTA reported | 0% | 0.1% | 0% | +0.1 pp | 391 km | $317.3M (2013) | 88.2% | 22 | Rapid growth |
| 10 | Japan | Taiwan | $31.9M | +7.3% | +22.8% | +15.4% | 1.3% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 2,109 km | $31.9M (2024) | 0% | 30 | Growing |
| 11 | Netherlands | Germany | $29.7M | +39.8% | +37.6% | +16.9% | 1.3% | FTA reported | 0% | 0% | 0% | +0 pp | 579 km | $35.1M (2008) | 15.4% | 30 | Rapid growth |
| 12 | Netherlands | Belgium | $29.6M | -5.9% | +3.9% | +25.8% | 1.3% | FTA reported | 0% | 0% | 0% | +0 pp | 174 km | $45.9M (2022) | 35.5% | 26 | Declining |
| 13 | USA, Puerto Rico and US Virgin Islands | Canada | $27.4M | +3.6% | +4.1% | -1.8% | 1.2% | FTA reported | 0% | 0.1% | 0% | +0 pp | 556 km | $44.3M (2011) | 38.2% | 30 | Growing |
| 14 | China | Viet Nam | $26.9M | -17.5% | +23% | +10.4% | 1.1% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 2,732 km | $47.9M (2021) | 43.9% | 30 | Rapid decline |
| 15 | Luxembourg | Denmark | $25.5M | +4.4% | +6.9% | +2.7% | 1.1% | FTA reported | 0% | 0% | 0% | +0 pp | 802 km | $40.5M (2022) | 37.1% | 26 | Growing |
| 16 | Czechia | Netherlands | $25.0M | -9.1% | +3.7% | +22.1% | 1.1% | FTA reported | 0% | 0% | 0% | +0 pp | 712 km | $39.6M (2022) | 36.7% | 30 | Declining |
| 17 | Czechia | Italy | $24.6M | +48.7% | +57.2% | +28.5% | 1% | FTA reported | 0% | 0% | 0% | +0 pp | 923 km | $24.6M (2024) | 0% | 28 | Rapid growth |
| 18 | China | Malaysia | $24.5M | +87% | +29.4% | +16.3% | 1% | FTA reported | 0.1% | 0.1% | 0.1% | +0.1 pp | 3,737 km | $24.5M (2024) | 0% | 28 | Rapid growth |
| 19 | Oman | Saudi Arabia | $23.6M | +1,314.5% | +249.5% | +51.2% | 1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 1,213 km | $30.3M (2023) | 22.3% | 19 | Rapid growth |
| 20 | Luxembourg | Belgium | $23.1M | -0.8% | +19.1% | -3.7% | 1% | FTA reported | 0% | 0% | 0% | +0 pp | 187 km | $33.8M (2014) | 31.7% | 26 | Stable |
| 21 | China | Russia | $21.7M | +125.3% | +14.6% | +50.4% | 0.9% | No FTA reported | 0.1% | 0.1% | 0.1% | +0 pp | 6,831 km | $35.9M (2023) | 39.5% | 29 | Rapid growth |
| 22 | Czechia | Germany | $21.2M | -16.8% | +3.4% | -5.6% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 280 km | $37.5M (2014) | 43.6% | 30 | Rapid decline |
| 23 | Viet Nam | Bangladesh | $20.7M | -3.5% | +59.1% | +139.7% | 0.9% | No FTA reported | 0.6% | 0.6% | Not reported | Not reported | 2,243 km | $30.1M (2022) | 31.3% | 10 | Declining |
| 24 | Luxembourg | United Kingdom | $20.5M | -17.1% | -1% | -9.4% | 0.9% | FTA reported | 0% | 0% | 0% | +0 pp | 491 km | $55.1M (2014) | 62.8% | 24 | Rapid decline |
| 25 | China | Indonesia | $19.8M | +28.4% | -0.6% | +15.5% | 0.8% | FTA reported | 0.2% | 0.2% | 0.1% | +0.1 pp | 4,425 km | $20.3M (2019) | 2.8% | 30 | Rapid growth |

## 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=7301)
- [Read the HS4 overview](https://www.yugalinks.com/trade/sector/hs4/7301)
- [Read the HS2 overview](https://www.yugalinks.com/trade/sector/hs2/73)
- [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)