HS Code:
Chapter 82 of the Harmonized System (HS) Code pertains to 'Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal.' This category includes a wide range of hand tools (such as hammers, screwdrivers, and wrenches), interchangeable tools for hand or machine tools (like drills and milling cutters), knives, cutlery items, and other similar articles made of base metals. Products under this chapter are essential for industrial, construction, and household applications, making them a critical component of global trade. The category excludes machinery or tools powered by electricity or other means, which fall under different chapters.
Total Trade Volume
USD 50.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.8%
Highest Rate
12.5% (applied by certain developing countries on specific subcategories like cutlery)
Lowest Rate
0% (under free trade agreements or for WTO members with specific commitments)
Rising demand for precision tools
Increased exports of high-value tools from Germany and Japan due to growth in automotive and aerospace industries
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly production processes and materials, influencing trade patterns with higher costs but growing demand in Europe
2020-2022
Growth in e-commerce for tool distribution
Small and medium enterprises in Asia are increasingly exporting directly to consumers, bypassing traditional distributors
2019-2022
The United States imposed additional tariffs on certain Chinese tools under Chapter 82 as part of ongoing trade tensions, citing unfair trade practices.
March 2022
Increased costs for US importers and a shift in sourcing to alternative countries like Vietnam and Taiwan.
The European Union introduced stricter regulations on the environmental impact of manufacturing processes for tools, pushing for reduced carbon footprints.
July 2021
Higher compliance costs for exporters to the EU, but also opportunities for manufacturers with sustainable practices.
The Regional Comprehensive Economic Partnership (RCEP) came into effect, reducing tariffs on tools and cutlery among member countries.
January 2022
Boosted intra-regional trade, particularly benefiting exporters from China, Japan, and South Korea.