HS Code:
The 'Available in specified sets' category under the Harmonized System (HS) Code typically refers to products that are packaged or sold as sets, such as tool sets, cutlery sets, or toy sets. This category encompasses a wide range of consumer and industrial goods that are grouped together for retail or specific use. Due to the diverse nature of products within this category, trade patterns are influenced by consumer demand, manufacturing hubs, and regional specialization. These sets are often subject to varying tariff structures depending on the materials, intended use, and country of origin.
Total Trade Volume
USD 15.7 billion
Data from 2022
Source
United Nations Comtrade Database
USD 5.2 billion
33.1% of total trade of total trade
Increasing
USD 2.1 billion
13.4% of total trade of total trade
Stable
USD 1.8 billion
11.5% of total trade of total trade
Increasing
USD 1.3 billion
8.3% of total trade of total trade
Stable
USD 0.9 billion
5.7% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (imposed by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for eco-friendly and sustainable sets
Manufacturers are shifting towards biodegradable materials and sustainable packaging, increasing production costs but appealing to environmentally conscious consumers.
2021-2022
Growth in e-commerce sales of consumer sets
Online platforms have boosted the accessibility of niche and customized sets, leading to a surge in cross-border trade and smaller shipment sizes.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade restrictions and port delays have led to higher costs and reduced availability of certain sets, prompting diversification of supply chains.
2022
The European Union introduced stricter safety regulations for toy sets, mandating enhanced testing for chemical content and choking hazards.
June 2023
Exporters to the EU face higher compliance costs, potentially reducing trade volumes from non-compliant manufacturers.
A recent phase of negotiations reduced tariffs on certain consumer sets imported from China to the US as part of broader trade de-escalation efforts.
March 2023
This has led to a projected 10% increase in imports of sets from China to the US in 2023.
South Korea launched a subsidy program to promote the export of industrial tool sets, targeting markets in Southeast Asia and the Middle East.
January 2023
This initiative is expected to boost South Korea's trade volume in this category by 8% over the next two years.