HS Code:
The 'Attachment' category under the Harmonized System (HS) Code generally refers to accessories or components designed to be attached to machinery, equipment, or tools to enhance functionality or adaptability. This can include items like tool attachments, machinery parts, or equipment add-ons across various industries such as construction, manufacturing, and agriculture. Due to the broad nature of this category, specific HS codes (e.g., under chapters like 84 for machinery or 82 for tools) are typically used to classify these products more precisely. Attachments are critical in global trade for their role in customization and efficiency in industrial processes.
Total Trade Volume
USD 15.7 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
20.4% of total trade of total trade
Increasing
USD 2.8 billion
17.8% of total trade of total trade
Stable
USD 2.5 billion
15.9% of total trade of total trade
Increasing
USD 1.9 billion
12.1% of total trade of total trade
Stable
USD 1.3 billion
8.3% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries on industrial attachments)
Lowest Rate
0% (under free trade agreements like EU-USMCA for specific attachments)
Rising demand for modular attachments
Driven by the need for flexible and cost-effective solutions in manufacturing, leading to increased trade in customizable attachments.
2021-2023
Adoption of smart attachments with IoT integration
Growing interest in attachments with embedded sensors for real-time monitoring, boosting trade in high-tech industrial components.
2022-2023
Shift towards sustainable materials
Increased focus on eco-friendly attachments made from recyclable materials, influencing trade policies and manufacturer preferences.
2020-2023
The European Union introduced new safety and environmental standards for machinery attachments, requiring compliance certification for imports.
June 2023
Likely to increase costs for non-EU exporters but improve product safety and market trust.
A bilateral agreement reduced tariffs on certain industrial attachments, fostering greater trade between the two countries.
March 2023
Expected to boost export volumes from China to the US, particularly in construction and manufacturing sectors.
Ongoing supply chain issues, including raw material shortages, have delayed production and export of industrial attachments.
January 2023
Temporary reduction in trade volumes, with recovery expected as supply chains stabilize.