HS Code:
The category of Bars, rods, and solid profiles, alloyed (HS Code subheadings 7604.29.10, 7604.29.30, 7604.29.50) includes aluminum alloy products that are not hollow, typically used in construction, automotive, aerospace, and manufacturing industries. These products are valued for their strength-to-weight ratio, corrosion resistance, and versatility in applications such as structural components, machinery parts, and electrical conductors. Global trade in this category is influenced by industrial demand, raw material availability (bauxite and aluminum), and regional production capacities.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$1.3 billion USD
25% of global trade of total trade
Increasing
$750 million USD
14.4% of global trade of total trade
Stable
$620 million USD
11.9% of global trade of total trade
Increasing
$480 million USD
9.2% of global trade of total trade
Stable
$350 million USD
6.7% of global trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
25% (imposed by certain countries under anti-dumping measures or Section 232 tariffs)
Lowest Rate
0% (under free trade agreements like USMCA or EU single market)
Rising demand in automotive and aerospace sectors
Increased trade volume due to lightweight material needs for fuel efficiency and electric vehicle production
2021-2023
Shift towards sustainable production
Higher costs but growing preference for low-carbon aluminum, influencing trade towards producers with green certifications
2022-2023
Supply chain disruptions
Price volatility and regional shortages due to geopolitical tensions and energy costs affecting aluminum production
2021-2022
The United States revised Section 232 tariffs, imposing additional duties on certain aluminum products from non-exempt countries while granting exemptions to allies like Canada and Mexico under USMCA.
March 2023
Shift in trade flows favoring USMCA partners and increasing costs for Asian exporters
The EU introduced CBAM, which will apply carbon tariffs on aluminum imports starting in 2026, targeting high-emission producers.
October 2022
Potential trade diversion towards low-carbon aluminum producers and increased compliance costs for exporters to the EU
China implemented stricter export controls on aluminum products to prioritize domestic supply amid energy shortages and environmental targets.
July 2023
Reduced global supply from China, driving up prices and benefiting other exporters like Russia and the Middle East