HS Code:
Aluminum oxide, other than artificial corundum (HS Code: 2818.20), encompasses various forms of alumina used primarily in industrial applications such as abrasives, refractories, ceramics, and as a raw material in aluminum production. This category excludes synthetic corundum, which is classified separately due to its specific use in jewelry and high-tech applications. Aluminum oxide is a critical material in industries requiring high durability and heat resistance, making it a key commodity in global trade.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$600 million USD
24% of total trade of total trade
Increasing
$450 million USD
18% of total trade of total trade
Stable
$350 million USD
14% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Stable
$200 million USD
8% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in renewable energy sector
Increased use of aluminum oxide in battery production for electric vehicles and energy storage systems, driving up demand by 8% annually
2021-2023
Shift towards sustainable production
Producers adopting low-carbon technologies to meet environmental standards, increasing production costs by 5-10%
2020-2022
Regional supply chain diversification
Countries reducing reliance on single suppliers like China by sourcing from Australia and Brazil, stabilizing prices
2019-2022
The European Union introduced provisional anti-dumping duties ranging from 4.5% to 9.8% on Chinese aluminum oxide imports to protect domestic manufacturers.
March 2023
Potential increase in prices for EU consumers and shift in trade flows towards other suppliers like Australia.
Major mining companies in Australia announced investments of over $1 billion to increase bauxite processing and aluminum oxide output.
June 2022
Expected to boost global supply by 10% over the next 5 years, stabilizing prices amidst rising demand.
Ongoing trade disputes have led to additional tariffs on Chinese aluminum oxide entering the US, prompting manufacturers to seek alternative suppliers.
October 2022
Increased costs for US industries and a 5% rise in imports from Brazil and Australia.