{
  "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": "2026-08-28T10:23:54.876Z",
  "title": "HS4 8448 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 8448 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/8448/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 8448",
      "url": "https://www.yugalinks.com/trade/sector/hs4/8448"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/8448/corridors"
    }
  ],
  "hs4": "8448",
  "parentHs2": "84",
  "subsectorName": "Machinery, auxiliary",
  "overview": {
    "hs4": "8448",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 3959694840.193104,
    "trade_avg_3y_usd": 4447600196.212509,
    "trade_avg_5y_usd": 4339528781.852257,
    "trade_avg_10y_usd": 4456833378.639554,
    "trade_cagr_3y_pct": -6.545697503430503,
    "trade_cagr_5y_pct": -0.9684112598492001,
    "trade_cagr_10y_pct": -2.385782320710428,
    "historical_peak_usd": 5308563100.416154,
    "historical_peak_year": 2011,
    "latest_below_peak_pct": 25.409291265979455,
    "yoy_growth_latest_pct": -10.302304870921262,
    "positive_growth_year_share_pct": 48.275862068965516,
    "trend_acceleration_pct": -4.159915182720075,
    "trend_label": "Declining",
    "exporter_concentration_hhi": 1638.2193297398676,
    "importer_concentration_hhi": 773.2603130161565,
    "trade_volatility_cv": 0.13082268414820603,
    "active_corridor_count": 4768,
    "active_exporter_count": 164,
    "active_importer_count": 194,
    "active_hs6_count": 11,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 3959694840.193104,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 1431397979.7515066,
    "topFiveSharePct": 14.16445219389297,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "CHN",
      "importerIso3": "IND",
      "exporterName": "China",
      "importerName": "India",
      "value": 210330188.89811882,
      "cagr3": 7.633324043602241,
      "cagr5": 9.530111200766921,
      "cagr10": 12.118254857307331,
      "share": 5.311777735070654,
      "ftaKnown": true,
      "hasFta": false,
      "accessLabel": "No FTA reported",
      "appliedTariffPct": 0.5307908369111112,
      "mfnTariffPct": 0.5323102001373737,
      "preferentialTariffPct": 0.07929677931515151,
      "tariffAdvantagePp": 0.45301342082222223,
      "distanceKm": 4252,
      "historicalPeakUsd": 289224378.2839362,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 27.277849071341315,
      "yearsWithData": 30,
      "trendLabel": "Growing"
    }
  },
  "indicators": {
    "tradeCagr3yPct": -6.545697503430503,
    "tradeCagr5yPct": -0.9684112598492001,
    "tradeCagr10yPct": -2.385782320710428,
    "latestYoyPct": -10.302304870921262,
    "trendLabel": "Declining",
    "historicalPeakUsd": 5308563100.416154,
    "historicalPeakYear": 2011,
    "latestBelowPeakPct": 25.409291265979455,
    "exporterConcentrationHhi": 1638.2193297398676,
    "importerConcentrationHhi": 773.2603130161565,
    "tradeVolatilityCv": 0.13082268414820603,
    "yearsWithData": 30
  },
  "answer": "China to India leads the reported HS4 8448 routes with $210.3M in 2024 and +7.6% calculated three-year growth. The HS4 subsector recorded $4.0B in latest reported trade, with -6.5% calculated three-year growth.",
  "corridors": [
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      "exporterIso3": "CHN",
      "importerIso3": "IND",
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      "importerName": "India",
      "value": 210330188.89811882,
      "cagr3": 7.633324043602241,
      "cagr5": 9.530111200766921,
      "cagr10": 12.118254857307331,
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      "ftaKnown": true,
      "hasFta": false,
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      "appliedTariffPct": 0.5307908369111112,
      "mfnTariffPct": 0.5323102001373737,
      "preferentialTariffPct": 0.07929677931515151,
      "tariffAdvantagePp": 0.45301342082222223,
      "distanceKm": 4252,
      "historicalPeakUsd": 289224378.2839362,
      "historicalPeakYear": 2022,
      "latestBelowPeakPct": 27.277849071341315,
      "yearsWithData": 30,
      "trendLabel": "Growing"
    },
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      "rank": 2,
      "exporterIso3": "DEU",
      "importerIso3": "CHN",
      "exporterName": "Germany",
      "importerName": "China",
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      "trendLabel": "Rapid decline"
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      "importerName": "Viet Nam",
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      "importerIso3": "CHN",
      "exporterName": "Switzerland, Liechtenstein",
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    },
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    },
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    {
      "rank": 16,
      "exporterIso3": "CZE",
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    },
    {
      "rank": 17,
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      "importerIso3": "DEU",
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      "cagr3": -21.284246443833677,
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