HS Code:
Aluminum plates, sheets, and strip, of a thickness exceeding 0.2 mm (HS Code: 7606), encompass a wide range of flat-rolled aluminum products used across industries such as construction, automotive, aerospace, and packaging. These products are valued for their lightweight, corrosion resistance, and versatility. They are typically categorized into alloyed and non-alloyed aluminum, with applications ranging from structural components in buildings to body panels in vehicles. Global trade in this category is driven by industrial demand, raw material availability, and manufacturing capabilities.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 6.8 billion
26.9% of total trade of total trade
Increasing
USD 3.2 billion
12.6% of total trade of total trade
Stable
USD 2.9 billion
11.5% of total trade of total trade
Increasing
USD 1.7 billion
6.7% of total trade of total trade
Increasing
USD 1.5 billion
5.9% of total trade of total trade
Stable
Average Rate
5.7% ad valorem
Highest Rate
12.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in automotive sector
Increased use of aluminum sheets for lightweight vehicle designs to improve fuel efficiency and meet emission standards.
2021-2023
Shift toward sustainable production
Growing emphasis on recycled aluminum and low-carbon production methods due to environmental regulations and consumer preferences.
2020-2023
Supply chain disruptions
Geopolitical tensions and energy crises have led to fluctuating aluminum prices and supply shortages in key markets.
2022
The United States imposed additional tariffs on Chinese aluminum products under Section 301, citing unfair trade practices and overcapacity.
October 2022
Increased costs for US importers and potential shift of supply chains to other countries like South Korea and Vietnam.
The EU introduced CBAM, which will impose carbon taxes on aluminum imports starting in 2026 to level the playing field for European producers.
December 2022
Non-EU exporters may face higher costs, pushing for greener production methods to remain competitive.
China tightened export controls on bauxite and alumina to prioritize domestic production amid global supply chain concerns.
March 2023
Increased raw material costs for aluminum producers outside China, potentially affecting global prices of aluminum sheets and plates.