HS Code:
The category of 'At least 7.6 m³ but under 11.4 m³' typically refers to a specific range of cargo or container capacity, often associated with vehicles, shipping containers, or storage units under the Harmonized System (HS) Code classification. This category is relevant in industries such as logistics, shipping, and automotive manufacturing, where volume capacity is a critical specification. Products in this range are often used for medium-scale transport of goods, balancing between smaller and larger capacity options. Trade in this category is influenced by global supply chain demands, infrastructure development, and industrial production levels.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for medium-capacity transport solutions
Growth in e-commerce and regional trade has driven demand for vehicles and containers in this capacity range, particularly for last-mile delivery and intra-regional logistics.
2021-2022
Shift towards sustainable materials and designs
Manufacturers are adopting eco-friendly materials and fuel-efficient designs to comply with global emission standards, impacting production costs and trade patterns.
2020-2022
Supply chain disruptions affecting production
Global semiconductor shortages and raw material constraints have slowed production of vehicles and containers in this category, leading to price increases and delayed deliveries.
2021-2023
The European Union introduced new emission regulations targeting medium-capacity transport vehicles, requiring manufacturers to adapt designs to meet stricter environmental standards.
January 2023
Increased production costs for exporters to the EU market, potentially reducing trade volumes temporarily until compliance is achieved.
A recent update to the US-China trade agreement reduced tariffs on medium-capacity transport equipment, facilitating smoother trade flows between the two nations.
March 2023
Expected to boost trade volume by 10-15% for this category, benefiting Chinese exporters and US importers.
At the 2023 Global Logistics Forum, industry leaders emphasized the growing need for medium-capacity solutions to address urban congestion and optimize freight transport.
June 2023
Increased investment in this category is anticipated, potentially leading to innovation and higher trade activity in the coming years.