{ "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": "2026-08-28T10:24:03.982Z", "title": "HS4 9110 top trade corridors | Yugalinks", "description": "Explore reported HS4 9110 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.", "canonical": "https://www.yugalinks.com/trade/sector/hs4/9110/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 9110", "url": "https://www.yugalinks.com/trade/sector/hs4/9110" }, { "name": "Corridors", "url": "https://www.yugalinks.com/trade/sector/hs4/9110/corridors" } ], "hs4": "9110", "parentHs2": "91", "subsectorName": "Watches", "overview": { "hs4": "9110", "first_data_year": 1995, "latest_data_year": 2024, "years_with_data": 30, "latest_trade_usd": 303251736.9214345, "trade_avg_3y_usd": 343132969.56787914, "trade_avg_5y_usd": 333154288.6540227, "trade_avg_10y_usd": 372244114.32218766, "trade_cagr_3y_pct": -5.524602040796866, "trade_cagr_5y_pct": -6.370532809168927, "trade_cagr_10y_pct": -4.762746315461108, "historical_peak_usd": 659924737.937645, "historical_peak_year": 1995, "latest_below_peak_pct": 54.04752701510513, "yoy_growth_latest_pct": -4.522406687653779, "positive_growth_year_share_pct": 55.172413793103445, "trend_acceleration_pct": -0.7618557253357583, "trend_label": "Declining", "exporter_concentration_hhi": 2827.027380610892, "importer_concentration_hhi": 2770.9798553390597, "trade_volatility_cv": 0.2303586995388697, "active_corridor_count": 1200, "active_exporter_count": 88, "active_importer_count": 158, "active_hs6_count": 4, "refreshed_at": "2026-07-20 09:34:09" }, "summary": { "latestTradeUsd": 303251736.9214345, "corridorsShown": 25, "displayedRouteValueUsd": 276704865.6056265, "topFiveSharePct": 59.53815975242727, "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "leadingCorridor": { "rank": 1, "exporterIso3": "JPN", "importerIso3": "HKG", "exporterName": "Japan", "importerName": "China, Hong Kong Special Administrative Region", "value": 63913013.3438157, "cagr3": -13.59967756543875, "cagr5": -12.949271612840253, "cagr10": -9.38003381880418, "share": 21.075893576950584, "ftaKnown": true, "hasFta": false, "accessLabel": "No FTA reported", "appliedTariffPct": 0, "mfnTariffPct": 0, "preferentialTariffPct": null, "tariffAdvantagePp": null, "distanceKm": 2882, "historicalPeakUsd": 235291640.94681624, "historicalPeakYear": 2011, "latestBelowPeakPct": 72.83668340845895, "yearsWithData": 30, "trendLabel": "Rapid decline" } }, "indicators": { "tradeCagr3yPct": -5.524602040796866, "tradeCagr5yPct": -6.370532809168927, "tradeCagr10yPct": -4.762746315461108, "latestYoyPct": -4.522406687653779, "trendLabel": "Declining", "historicalPeakUsd": 659924737.937645, "historicalPeakYear": 1995, "latestBelowPeakPct": 54.04752701510513, "exporterConcentrationHhi": 2827.027380610892, "importerConcentrationHhi": 2770.9798553390597, "tradeVolatilityCv": 0.2303586995388697, "yearsWithData": 30 }, "answer": "Japan to China, Hong Kong Special Administrative Region leads the reported HS4 9110 routes with $63.9M in 2024 and -13.6% calculated three-year growth. 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