{
  "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": "2026-08-28T10:24:04.237Z",
  "title": "HS4 9114 top trade corridors | Yugalinks",
  "description": "Explore reported HS4 9114 trade corridors: leading exporter-to-importer routes, value, growth, market share, access, tariffs, and distance context.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/9114/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 9114",
      "url": "https://www.yugalinks.com/trade/sector/hs4/9114"
    },
    {
      "name": "Corridors",
      "url": "https://www.yugalinks.com/trade/sector/hs4/9114/corridors"
    }
  ],
  "hs4": "9114",
  "parentHs2": "91",
  "subsectorName": "Clock or watch parts",
  "overview": {
    "hs4": "9114",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "years_with_data": 30,
    "latest_trade_usd": 1752599000.0109854,
    "trade_avg_3y_usd": 1719822246.5722096,
    "trade_avg_5y_usd": 1660762786.0997872,
    "trade_avg_10y_usd": 1899491725.8368187,
    "trade_cagr_3y_pct": 1.1235484319459976,
    "trade_cagr_5y_pct": -3.491226566399408,
    "trade_cagr_10y_pct": -3.2309287997107528,
    "historical_peak_usd": 2433979033.7160344,
    "historical_peak_year": 2014,
    "latest_below_peak_pct": 27.9944906782851,
    "yoy_growth_latest_pct": 4.8268584443157545,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": 4.35447723165675,
    "trend_label": "Stable",
    "exporter_concentration_hhi": 1706.6400409950893,
    "importer_concentration_hhi": 1573.776290419025,
    "trade_volatility_cv": 0.2301535854751409,
    "active_corridor_count": 3152,
    "active_exporter_count": 136,
    "active_importer_count": 183,
    "active_hs6_count": 3,
    "refreshed_at": "2026-07-20 09:34:09"
  },
  "summary": {
    "latestTradeUsd": 1752599000.0109854,
    "corridorsShown": 25,
    "displayedRouteValueUsd": 1153642670.8516722,
    "topFiveSharePct": 25.920862392908877,
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "leadingCorridor": {
      "rank": 1,
      "exporterIso3": "FRA",
      "importerIso3": "CHE",
      "exporterName": "France",
      "importerName": "Switzerland, Liechtenstein",
      "value": 127548391.61836688,
      "cagr3": 7.3955379220775,
      "cagr5": 7.246793246149874,
      "cagr10": 0.7451000011047038,
      "share": 7.2776711396941005,
      "ftaKnown": true,
      "hasFta": true,
      "accessLabel": "FTA reported",
      "appliedTariffPct": 0.012764303815058584,
      "mfnTariffPct": 0,
      "preferentialTariffPct": 0.020929647224547474,
      "tariffAdvantagePp": -0.020929647224547474,
      "distanceKm": 487,
      "historicalPeakUsd": 127548391.61836688,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
      "yearsWithData": 30,
      "trendLabel": "Growing"
    }
  },
  "indicators": {
    "tradeCagr3yPct": 1.1235484319459976,
    "tradeCagr5yPct": -3.491226566399408,
    "tradeCagr10yPct": -3.2309287997107528,
    "latestYoyPct": 4.8268584443157545,
    "trendLabel": "Stable",
    "historicalPeakUsd": 2433979033.7160344,
    "historicalPeakYear": 2014,
    "latestBelowPeakPct": 27.9944906782851,
    "exporterConcentrationHhi": 1706.6400409950893,
    "importerConcentrationHhi": 1573.776290419025,
    "tradeVolatilityCv": 0.2301535854751409,
    "yearsWithData": 30
  },
  "answer": "France to Switzerland, Liechtenstein leads the reported HS4 9114 routes with $127.5M in 2024 and +7.4% calculated three-year growth. The HS4 subsector recorded $1.8B in latest reported trade, with +1.1% calculated three-year growth.",
  "corridors": [
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      "importerName": "Switzerland, Liechtenstein",
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      "cagr3": 7.3955379220775,
      "cagr5": 7.246793246149874,
      "cagr10": 0.7451000011047038,
      "share": 7.2776711396941005,
      "ftaKnown": true,
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      "tariffAdvantagePp": -0.020929647224547474,
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      "historicalPeakUsd": 127548391.61836688,
      "historicalPeakYear": 2024,
      "latestBelowPeakPct": 0,
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      "trendLabel": "Growing"
    },
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      "rank": 2,
      "exporterIso3": "THA",
      "importerIso3": "CHE",
      "exporterName": "Thailand",
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      "cagr10": -2.6375111612028657,
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      "tariffAdvantagePp": -0.028667340014731313,
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      "historicalPeakUsd": 152119452.98234028,
      "historicalPeakYear": 2011,
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    },
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    },
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      "importerIso3": "USA",
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      "importerName": "USA, Puerto Rico and US Virgin Islands",
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      "trendLabel": "Rapid decline"
    },
    {
      "rank": 16,
      "exporterIso3": "CHE",
      "importerIso3": "GBR",
      "exporterName": "Switzerland, Liechtenstein",
      "importerName": "United Kingdom",
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      "historicalPeakUsd": 29189850.45174969,
      "historicalPeakYear": 2024,
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    },
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      "rank": 17,
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