HS Code:
Articles of Aluminum, classified under HS Code 76, encompass a wide range of products made primarily of aluminum, including sheets, plates, bars, rods, profiles, wires, tubes, pipes, and various fabricated aluminum items such as household articles, containers, and structural components. This category is crucial in industries like construction, automotive, aerospace, and packaging due to aluminum's lightweight, corrosion-resistant, and recyclable properties. Global trade in this category is driven by industrial demand, infrastructure development, and the shift toward sustainable materials.
Total Trade Volume
USD 80.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 25.3 billion
31.4% of total trade of total trade
Increasing
USD 10.8 billion
13.4% of total trade of total trade
Stable
USD 7.2 billion
8.9% of total trade of total trade
Increasing
USD 5.1 billion
6.3% of total trade of total trade
Decreasing
USD 4.6 billion
5.7% of total trade of total trade
Increasing
Average Rate
5.7% ad valorem
Highest Rate
25% (imposed by certain countries under trade protection measures, e.g., US Section 232 tariffs)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for lightweight materials in automotive and aerospace sectors
Increased exports of aluminum sheets and profiles to meet fuel efficiency and emission standards
2021-2022
Shift toward sustainable and recycled aluminum
Growth in trade of recycled aluminum products as countries implement circular economy policies
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and trade rerouting, with increased costs for importers in Europe and North America
2022
The United States extended Section 232 tariffs on aluminum imports from certain countries, citing national security concerns, while offering exemptions to allies under quota agreements.
March 2023
Increased costs for US manufacturers reliant on imported aluminum, with a shift toward domestic sourcing and alternative suppliers like Canada and the EU.
The EU introduced CBAM, which imposes a carbon tax on high-emission aluminum imports starting in 2026, with a transitional phase beginning in 2023.
October 2023
Exporters from countries with high carbon footprints, such as China, may face higher costs, encouraging greener production methods.
China announced tighter controls on aluminum exports to prioritize domestic supply for renewable energy projects like solar panel manufacturing.
July 2023
Global aluminum prices surged, affecting importers in Southeast Asia and Europe, while boosting alternative suppliers like Russia and the Middle East.