HS Code:
The category 'At least 3.8 m³ but under 5.2 m³' typically refers to a specific classification of goods under the Harmonized System (HS) Code, often related to the capacity of containers, tanks, or vehicles such as refrigerated units or transport equipment. This category is critical in industries like logistics, shipping, and cold chain management, where precise volume specifications are necessary for compliance and operational efficiency. Products in this range are often used for medium-scale transport of perishable goods or bulk materials.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for cold chain logistics
Increased trade volume due to growth in perishable goods transport, especially in pharmaceuticals and food industries
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials for containers, influencing production costs and trade patterns
2022
Technological integration
Integration of IoT for tracking and temperature control in transport units is boosting market value and demand
2020-2022
The European Union introduced new emission regulations for transport equipment, impacting the design and trade of refrigerated units in the 3.8-5.2 m³ category.
June 2023
Potential increase in production costs but long-term benefits for sustainability-focused markets
A revised trade agreement reduced tariffs on logistics equipment, including products in this HS category, fostering increased bilateral trade.
March 2023
Boost in trade volume expected between the two countries, benefiting exporters
Ongoing disruptions due to geopolitical tensions and port congestions have delayed shipments of transport equipment in this category.
September 2023
Short-term trade volume reduction and increased costs for importers