HS Code:
Brass plumbing goods, not elsewhere specified or included (HS Code: 741220), encompass a variety of plumbing fittings and components made of brass, including connectors, couplings, valves, and other fixtures used in water supply and drainage systems. These products are valued for their durability, corrosion resistance, and suitability for both residential and industrial applications. This category excludes items specifically classified under other HS codes, such as taps, cocks, and valves for specific uses.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for eco-friendly plumbing solutions
Increased preference for lead-free brass products due to health and environmental regulations, driving innovation in manufacturing.
2021-2022
Rising construction activities in emerging markets
Higher demand for brass plumbing goods in Asia-Pacific and Africa due to urbanization and infrastructure projects.
2020-2022
Supply chain disruptions
Delays and cost increases due to raw material shortages (copper and zinc) and geopolitical tensions affecting trade routes.
2021-2022
The European Union introduced new regulations limiting lead content in brass plumbing goods to enhance consumer safety, affecting exporters from non-compliant regions.
January 2023
Increased production costs for manufacturers in countries like China and India; potential market shift towards EU-compliant suppliers.
Negotiations between the US and China resulted in a temporary reduction of tariffs on brass plumbing goods, boosting trade volumes.
March 2023
Short-term increase in Chinese exports to the US, benefiting American importers with lower costs.
Under the 'Make in India' initiative, the Indian government offered subsidies to local brass plumbing manufacturers to reduce reliance on imports.
June 2022
Strengthened domestic production capacity, potentially reducing imports from China and Germany in the long term.