HS4 subsector intelligence

Balances
HS4 9016 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 90161995-2024 coverageGrowing
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$571.8MGlobal subsector value
02

Annual change

+14.4%Latest year on year
03

Exporters

129Active reporting countries
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Importers

195Active reporting countries
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HS6 products

1Classifications inside HS4

The subsector read

$571.8M in trade, with +4.3% annualized growth over three years.

Balances is recorded across 3,169 active corridors, with 129 exporters and 195 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $209.6M1996: $225.9M1997: $187.7M1998: $189.7M1999: $188.1M2000: $169.5M2001: $178.7M2002: $186.4M2003: $202.3M2004: $235.6M2005: $237.4M2006: $260.9M2007: $285.8M2008: $307.1M2009: $239.8M2010: $276.4M2011: $334.4M2012: $321.2M2013: $325.9M2014: $339.5M2015: $463.6M2016: $479.9M2017: $506.7M2018: $440.2M2019: $394.0M2020: $393.3M2021: $503.7M2022: $534.5M2023: $499.9M2024: $571.8M
Reported global trade by year.

Top trade corridors

Where the subsector moves

Leading exporter-to-importer relationships by latest reported value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1Switzerland, LiechtensteinCHEUSA, Puerto Rico and US Virgin IslandsUSA$48.9M-1.6%16,339 kmNo
2NetherlandsNLDUSA, Puerto Rico and US Virgin IslandsUSA$38.3M+80.7%15,877 kmNo
3Switzerland, LiechtensteinCHENetherlandsNLD$36.6M-10.4%1615 kmYes
4ChinaCHNUSA, Puerto Rico and US Virgin IslandsUSA$21.3M+3.1%111,883 kmNo
5Switzerland, LiechtensteinCHEChinaCHN$14.8M-11.3%19,034 kmYes
6GermanyDEUUSA, Puerto Rico and US Virgin IslandsUSA$11.7M-10.2%16,402 kmNo
7ChinaCHNIndiaIND$11.6M+17.5%14,252 kmNo
8Switzerland, LiechtensteinCHEGermanyDEU$10.8M+8.8%1674 kmYes
9GermanyDEUChinaCHN$9.5M-8%18,415 kmNo
10Switzerland, LiechtensteinCHEJapanJPN$9.0M+7.3%19,605 kmYes

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1Switzerland, LiechtensteinCHE$168.3M1101
2NetherlandsNLD$100.4M1311
3ChinaCHN$100.1M1761
4GermanyDEU$88.9M1561
5JapanJPN$18.9M1031
6PhilippinesPHL$15.9M821
7PolandPOL$15.2M1221
8USA, Puerto Rico and US Virgin IslandsUSA$13.1M1261
9United KingdomGBR$10.0M1261
10ItalyITA$7.5M1191
Top importers2024 ranking
RankCountryImportsPartnersHS6
1USA, Puerto Rico and US Virgin IslandsUSA$131.2M471
2NetherlandsNLD$49.2M531
3ChinaCHN$37.9M361
4IndiaIND$32.5M311
5GermanyDEU$28.9M571
6JapanJPN$24.4M201
7FranceFRA$18.5M481
8United KingdomGBR$18.2M441
9Republic of KoreaKOR$17.9M261
10Switzerland, LiechtensteinCHE$14.5M401

HS6 product coverage

The products inside HS4 9016

Six-digit classifications make the subsector specific. Browse the product workspace ↗

1 classifications shownBalances
01
Balances: of a sensitivity of 5cg or better, with or without weightsHS6 901600

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

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Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

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Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

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Missing data

Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.

Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.