{ "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": "2026-08-28T10:24:03.813Z", "title": "HS4 9108 top trade corridors | Yugalinks", "description": "Explore reported HS4 9108 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.", "canonical": "https://www.yugalinks.com/trade/sector/hs4/9108/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 9108", "url": "https://www.yugalinks.com/trade/sector/hs4/9108" }, { "name": "Corridors", "url": "https://www.yugalinks.com/trade/sector/hs4/9108/corridors" } ], "hs4": "9108", "parentHs2": "91", "subsectorName": "Watch movements", "overview": { "hs4": "9108", "first_data_year": 1995, "latest_data_year": 2024, "years_with_data": 30, "latest_trade_usd": 724390883.8027865, "trade_avg_3y_usd": 771382928.802317, "trade_avg_5y_usd": 794098794.3726351, "trade_avg_10y_usd": 985874313.9052986, "trade_cagr_3y_pct": -8.586676227509937, "trade_cagr_5y_pct": -8.109010681494366, "trade_cagr_10y_pct": -7.421727093920927, "historical_peak_usd": 2407288162.56436, "historical_peak_year": 2012, "latest_below_peak_pct": 69.90842662429205, "yoy_growth_latest_pct": -13.39395381359681, "positive_growth_year_share_pct": 37.93103448275862, "trend_acceleration_pct": -1.16494913358901, "trend_label": "Declining", "exporter_concentration_hhi": 2285.4715159150287, "importer_concentration_hhi": 1079.4880954077544, "trade_volatility_cv": 0.3183406853239943, "active_corridor_count": 1942, "active_exporter_count": 114, "active_importer_count": 184, "active_hs6_count": 5, "refreshed_at": "2026-07-20 09:34:09" }, "summary": { "latestTradeUsd": 724390883.8027865, "corridorsShown": 25, "displayedRouteValueUsd": 536207568.1338611, "topFiveSharePct": 40.43783869738981, "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "leadingCorridor": { "rank": 1, "exporterIso3": "JPN", "importerIso3": "CHN", "exporterName": "Japan", "importerName": "China", "value": 134355886.00430083, "cagr3": -6.8237288896796695, "cagr5": -8.773238706186604, "cagr10": -6.563916766357581, "share": 18.547429158547896, "ftaKnown": true, "hasFta": false, "accessLabel": "No FTA reported", "appliedTariffPct": 0.3018987556787879, "mfnTariffPct": 0.3018987556787879, "preferentialTariffPct": null, "tariffAdvantagePp": null, "distanceKm": 1763, "historicalPeakUsd": 298770627.5619605, "historicalPeakYear": 1995, "latestBelowPeakPct": 55.03042347212078, "yearsWithData": 30, "trendLabel": "Declining" } }, "indicators": { "tradeCagr3yPct": -8.586676227509937, "tradeCagr5yPct": -8.109010681494366, "tradeCagr10yPct": -7.421727093920927, "latestYoyPct": -13.39395381359681, "trendLabel": "Declining", "historicalPeakUsd": 2407288162.56436, "historicalPeakYear": 2012, "latestBelowPeakPct": 69.90842662429205, "exporterConcentrationHhi": 2285.4715159150287, "importerConcentrationHhi": 1079.4880954077544, "tradeVolatilityCv": 0.3183406853239943, "yearsWithData": 30 }, "answer": "Japan to China leads the reported HS4 9108 routes with $134.4M in 2024 and -6.8% calculated three-year growth. The HS4 subsector recorded $724.4M in latest reported trade, with -8.6% calculated three-year growth.", "corridors": [ { "rank": 1, "exporterIso3": "JPN", "importerIso3": "CHN", "exporterName": "Japan", "importerName": "China", "value": 134355886.00430083, "cagr3": -6.8237288896796695, "cagr5": -8.773238706186604, "cagr10": -6.563916766357581, "share": 18.547429158547896, "ftaKnown": true, "hasFta": false, "accessLabel": "No FTA reported", "appliedTariffPct": 0.3018987556787879, "mfnTariffPct": 0.3018987556787879, "preferentialTariffPct": null, "tariffAdvantagePp": null, "distanceKm": 1763, "historicalPeakUsd": 298770627.5619605, "historicalPeakYear": 1995, "latestBelowPeakPct": 55.03042347212078, "yearsWithData": 30, "trendLabel": "Declining" }, { "rank": 2, "exporterIso3": "JPN", "importerIso3": "HKG", "exporterName": "Japan", "importerName": "China, Hong Kong Special Administrative Region", "value": 75219111.21108878, "cagr3": -11.52421433464539, "cagr5": -13.85458703018182, 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