{
  "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": "2026-08-28T10:23:46.927Z",
  "title": "HS4 7324 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 7324 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/7324/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 7324",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7324"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/7324/corridors"
    }
  ],
  "hs4": "7324",
  "parentHs2": "73",
  "subsectorName": "Steel",
  "overview": {
    "hs4": "7324",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 4179848416.930433,
    "trade_avg_3y_usd": 4174220996.964567,
    "trade_avg_5y_usd": 4057437446.9049253,
    "trade_avg_10y_usd": 3553223048.9274077,
    "trade_cagr_3y_pct": -0.9478502785547849,
    "trade_cagr_5y_pct": 5.130154014066179,
    "trade_cagr_10y_pct": 3.0275266306975634,
    "historical_peak_usd": 4356094499.0605545,
    "historical_peak_year": 2022,
    "latest_below_peak_pct": 4.045965535599178,
    "yoy_growth_latest_pct": -0.4762333084969179,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": -3.9753769092523483,
    "trend_label": "Stable",
    "exporter_concentration_hhi": 2736.67286967815,
    "importer_concentration_hhi": 729.9301067108293,
    "trade_volatility_cv": 0.45413725638180946,
    "active_corridor_count": 5840,
    "active_exporter_count": 173,
    "active_importer_count": 199,
    "active_hs6_count": 4,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 4179848416.930433,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 1951399455.7553518,
    "topFiveSharePct": 19.85369007499909,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 418732513.6414115,
      "cagr3": -9.342355493679044,
      "cagr5": 5.299128684358068,
      "cagr10": 5.636899815887042,
      "share": 10.017887537388672,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 574373574.0567282,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 27.097531544852167,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -0.9478502785547849,
    "tradeCagr5yPct": 5.130154014066179,
    "tradeCagr10yPct": 3.0275266306975634,
    "latestYoyPct": -0.4762333084969179,
    "trendLabel": "Stable",
    "historicalPeakUsd": 4356094499.0605545,
    "historicalPeakYear": 2022,
    "latestBelowPeakPct": 4.045965535599178,
    "exporterConcentrationHhi": 2736.67286967815,
    "importerConcentrationHhi": 729.9301067108293,
    "tradeVolatilityCv": 0.45413725638180946,
    "yearsWithData": 30
  },
  "answer": "China to USA, Puerto Rico and US Virgin Islands leads the reported HS4 7324 routes with $418.7M in 2024 and -9.3% calculated three-year growth. The HS4 subsector recorded $4.2B in latest reported trade, with -0.9% calculated three-year growth.",
  "corridors": [
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      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "cagr3": -9.342355493679044,
      "cagr5": 5.299128684358068,
      "cagr10": 5.636899815887042,
      "share": 10.017887537388672,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.04674475463696969,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
      "distanceKm": 11883,
      "historicalPeakUsd": 574373574.0567282,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 27.097531544852167,
      "yearsWithData": 30,
      "trendLabel": "Declining"
    },
    {
      "rank": 2,
      "exporterIso3": "VNM",
      "importerIso3": "USA",
      "exporterName": "Viet Nam",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 125547361.93836097,
      "cagr3": 12.665853609873356,
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      "cagr10": 37.33268602515976,
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      "ftaKnown": true,
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      "accessLabel": "No FTA reported",
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      "preferentialTariffPct": null,
      "tariffAdvantagePp": null,
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      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 26,
      "trendLabel": "Rapid growth"
    },
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      "rank": 3,
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      "importerIso3": "MYS",
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      "importerName": "Malaysia",
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      "cagr10": 7.151534160581785,
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      "tariffAdvantagePp": 0.05617092602828282,
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      "rank": 4,
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      "importerIso3": "THA",
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      "importerName": "Thailand",
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      "cagr10": 12.399384843011706,
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      "preferentialTariffPct": 0.006877102784626263,
      "tariffAdvantagePp": 0.2988774639608283,
      "distanceKm": 2887,
      "historicalPeakUsd": 90247469.10662942,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
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      "trendLabel": "Growing"
    },
    {
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    },
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      "rank": 6,
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      "importerIso3": "AUS",
      "exporterName": "China",
      "importerName": "Australia",
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    },
    {
      "rank": 7,
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      "importerName": "United Kingdom",
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    },
    {
      "rank": 8,
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      "importerIso3": "DEU",
      "exporterName": "China",
      "importerName": "Germany",
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    },
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      "rank": 9,
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      "importerIso3": "RUS",
      "exporterName": "China",
      "importerName": "Russia",
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    },
    {
      "rank": 10,
      "exporterIso3": "MEX",
      "importerIso3": "USA",
      "exporterName": "Mexico",
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      "exporterName": "Taiwan",
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    },
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      "rank": 14,
      "exporterIso3": "CHN",
      "importerIso3": "ARE",
      "exporterName": "China",
      "importerName": "United Arab Emirates",
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      "historicalPeakYear": 2024,
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    },
    {
      "rank": 15,
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      "importerIso3": "IND",
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      "historicalPeakYear": 2022,
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    },
    {
      "rank": 16,
      "exporterIso3": "CHN",
      "importerIso3": "MEX",
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      "importerName": "Mexico",
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    },
    {
      "rank": 17,
      "exporterIso3": "CHN",
      "importerIso3": "KOR",
      "exporterName": "China",
      "importerName": "Republic of Korea",
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