HS Code:
The 'Bows and bow parts' category, classified under HS Code 9307 (often associated with archery equipment in trade data, though primarily for weapons like crossbows in some contexts, or under HS Code 9506.99 for sports bows), includes archery bows, crossbows, and related components such as limbs, risers, strings, and other accessories. This category serves both recreational (sporting archery) and niche hunting markets globally. Trade in this category is influenced by cultural interest in archery, sporting events like the Olympics, and regional hunting traditions. The products range from traditional wooden bows to high-tech compound bows made with advanced materials like carbon fiber.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
UN Comtrade Database, ITC Trade Map
$90 million USD
36% of global trade of total trade
Increasing
$60 million USD
24% of global trade of total trade
Increasing
$25 million USD
10% of global trade of total trade
Stable
$15 million USD
6% of global trade of total trade
Stable
$10 million USD
4% of global trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (in certain developing markets with protective policies for local manufacturers)
Lowest Rate
0% (under free trade agreements like EU-USMCA or in WTO member countries with specific exemptions)
Rising popularity of archery as a sport
Increased demand for high-quality recurve and compound bows, especially in North America and Europe, driven by international competitions and youth programs.
2020-2022
Technological advancements in bow design
Growth in trade of lightweight, durable bows made with carbon fiber and advanced composites, boosting exports from tech-savvy manufacturers in South Korea and the US.
2019-2022
E-commerce and direct-to-consumer sales
Shift in trade patterns with smaller, fragmented shipments as consumers purchase directly from manufacturers or online marketplaces, impacting traditional bulk trade volumes.
2021-2023
The United States reduced tariffs on certain sporting goods, including archery equipment, under a renewed trade agreement with key Asian exporters to promote recreational sports.
January 2023
Expected to increase imports from China and South Korea by 10-15% over the next two years.
The European Union introduced stricter safety standards for archery equipment, mandating additional testing for bows and parts to prevent injuries from material failures.
July 2022
Temporary slowdown in imports from non-compliant manufacturers, with increased costs for certification affecting smaller exporters.
Countries like Turkey and Mongolia have promoted traditional archery events, boosting demand for culturally specific bows and parts, often sourced locally or from neighboring regions.
Mid-2022
Localized increase in trade within specific regions, though not significantly reflected in global trade volumes yet.