{
  "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": "2026-08-28T10:23:53.941Z",
  "title": "HS4 8432 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 8432 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/8432/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 8432",
      "url": "https://www.yugalinks.com/trade/sector/hs4/8432"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/8432/corridors"
    }
  ],
  "hs4": "8432",
  "parentHs2": "84",
  "subsectorName": "Ploughs",
  "overview": {
    "hs4": "8432",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 9656441174.549068,
    "trade_avg_3y_usd": 11039525902.702017,
    "trade_avg_5y_usd": 10402210777.165344,
    "trade_avg_10y_usd": 8884314969.407148,
    "trade_cagr_3y_pct": -3.3479010400313203,
    "trade_cagr_5y_pct": 3.8925511727949225,
    "trade_cagr_10y_pct": 1.7506558619785118,
    "historical_peak_usd": 11826353613.791683,
    "historical_peak_year": 2023,
    "latest_below_peak_pct": 18.348110585092783,
    "yoy_growth_latest_pct": -21.006971442961532,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -5.0985569020098325,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 1221.569611067681,
    "importer_concentration_hhi": 528.8087967295501,
    "trade_volatility_cv": 0.5289302270894192,
    "active_corridor_count": 5464,
    "active_exporter_count": 173,
    "active_importer_count": 197,
    "active_hs6_count": 9,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 9656441174.549068,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 3348640128.4891405,
    "topFiveSharePct": 16.63274747974589,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CAN",
      "importerIso3": "USA",
      "exporterName": "Canada",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 467843849.58721846,
      "cagr3": -1.0414549046683819,
      "cagr5": 7.36157462642697,
      "cagr10": 1.3811028939922698,
      "share": 4.84488893092714,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.022607953013134546,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": 0.02283901769554344,
      "tariffAdvantagePp": 0.023905736941426253,
      "distanceKm": 556,
      "historicalPeakUsd": 776568762.7923747,
      "historicalPeakYear": 2023,
      "latestBelowPeakPct": 39.755000200503524,
      "yearsWithData": 30,
      "trendLabel": "Stable"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -3.3479010400313203,
    "tradeCagr5yPct": 3.8925511727949225,
    "tradeCagr10yPct": 1.7506558619785118,
    "latestYoyPct": -21.006971442961532,
    "trendLabel": "Declining",
    "historicalPeakUsd": 11826353613.791683,
    "historicalPeakYear": 2023,
    "latestBelowPeakPct": 18.348110585092783,
    "exporterConcentrationHhi": 1221.569611067681,
    "importerConcentrationHhi": 528.8087967295501,
    "tradeVolatilityCv": 0.5289302270894192,
    "yearsWithData": 30
  },
  "answer": "Canada to USA, Puerto Rico and US Virgin Islands leads the reported HS4 8432 routes with $467.8M in 2024 and -1% calculated three-year growth. The HS4 subsector recorded $9.7B in latest reported trade, with -3.3% calculated three-year growth.",
  "corridors": [
    {
      "rank": 1,
      "exporterIso3": "CAN",
      "importerIso3": "USA",
      "exporterName": "Canada",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
      "value": 467843849.58721846,
      "cagr3": -1.0414549046683819,
      "cagr5": 7.36157462642697,
      "cagr10": 1.3811028939922698,
      "share": 4.84488893092714,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.022607953013134546,
      "mfnTariffPct": 0.04674475463696969,
      "preferentialTariffPct": 0.02283901769554344,
      "tariffAdvantagePp": 0.023905736941426253,
      "distanceKm": 556,
      "historicalPeakUsd": 776568762.7923747,
      "historicalPeakYear": 2023,
      "latestBelowPeakPct": 39.755000200503524,
      "yearsWithData": 30,
      "trendLabel": "Stable"
    },
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      "rank": 2,
      "exporterIso3": "DEU",
      "importerIso3": "FRA",
      "exporterName": "Germany",
      "importerName": "France",
      "value": 398760025.0724909,
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      "cagr5": 4.311119551772347,
      "cagr10": 3.968186841035193,
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      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
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      "tariffAdvantagePp": 0,
      "distanceKm": 881,
      "historicalPeakUsd": 443259670.28155434,
      "historicalPeakYear": 2023,
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      "trendLabel": "Growing"
    },
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      "rank": 3,
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      "historicalPeakYear": 2023,
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    },
    {
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      "exporterName": "Germany",
      "importerName": "Poland",
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      "tariffAdvantagePp": 0.04595302958827163,
      "distanceKm": 518,
      "historicalPeakUsd": 188180243.27932408,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
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      "trendLabel": "Growing"
    },
    {
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    },
    {
      "rank": 6,
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      "importerIso3": "RUS",
      "exporterName": "Germany",
      "importerName": "Russia",
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    },
    {
      "rank": 7,
      "exporterIso3": "DEU",
      "importerIso3": "UKR",
      "exporterName": "Germany",
      "importerName": "Ukraine",
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    },
    {
      "rank": 8,
      "exporterIso3": "CHN",
      "importerIso3": "USA",
      "exporterName": "China",
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      "exporterName": "Germany",
      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "rank": 10,
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    },
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      "historicalPeakYear": 2022,
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    },
    {
      "rank": 12,
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      "importerIso3": "AUT",
      "exporterName": "Germany",
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    {
      "rank": 13,
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    },
    {
      "rank": 14,
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      "exporterName": "France",
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      "historicalPeakUsd": 121349312.57249625,
      "historicalPeakYear": 2023,
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      "trendLabel": "Declining"
    },
    {
      "rank": 15,
      "exporterIso3": "CHN",
      "importerIso3": "IND",
      "exporterName": "China",
      "importerName": "India",
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      "tariffAdvantagePp": 0.45301342082222223,
      "distanceKm": 4252,
      "historicalPeakUsd": 83611907.32645157,
      "historicalPeakYear": 2024,
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      "trendLabel": "Growing"
    },
    {
      "rank": 16,
      "exporterIso3": "DEU",
      "importerIso3": "GBR",
      "exporterName": "Germany",
      "importerName": "United Kingdom",
      "value": 79091380.18946464,
      "cagr3": -2.1697586114166723,
      "cagr5": -1.1028964300541566,
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      "ftaKnown": true,
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      "accessLabel": "FTA reported",
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      "rank": 17,
      "exporterIso3": "DEU",
      "importerIso3": "NLD",
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      "importerName": "Netherlands",
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