HS Code:
Brad point drills, often classified under HS Code 8207.50 (interchangeable tools for drilling, other than for rock drilling), are specialized drill bits primarily used in woodworking. They are designed with a sharp, pointed tip for precise positioning and clean entry holes, making them ideal for drilling into wood without splintering. These tools are widely used in furniture manufacturing, carpentry, and other wood-based industries. The global trade of Brad point drills is part of the broader market for precision cutting tools, driven by demand in construction, manufacturing, and DIY sectors.
Total Trade Volume
Approximately USD 250 million
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 85 million
34% of total trade of total trade
Increasing
USD 50 million
20% of total trade of total trade
Stable
USD 40 million
16% of total trade of total trade
Increasing
USD 25 million
10% of total trade of total trade
Stable
USD 15 million
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within WTO member countries with specific exemptions)
Growing demand for precision tools in woodworking automation
Increased trade volume as manufacturers adopt automated machinery requiring high-quality Brad point drills
2021-2023
Shift towards sustainable and eco-friendly materials
Manufacturers are innovating with recyclable packaging and sustainable steel production, influencing trade preferences
2022
Rise of DIY home improvement projects
Boost in retail demand for Brad point drills in consumer markets, particularly in North America and Europe
2020-2022
The European Union introduced provisional anti-dumping duties ranging from 5-10% on Chinese-made drill bits, including Brad point drills, citing unfair pricing practices.
March 2023
Potential shift in trade flows as EU importers may source from other countries like Germany or South Korea, increasing costs for consumers.
Under the USMCA agreement, tariff exemptions for cutting tools, including Brad point drills, have facilitated increased trade between the US, Canada, and Mexico.
January 2023
Strengthened regional supply chains, with a notable rise in US exports to Canada.
Major manufacturers in Germany and Japan introduced new titanium-coated Brad point drills, enhancing durability and performance.
June 2022
Increased demand for premium products, driving up trade value despite stable volume.