HS Code:
Broaching machines (HS Code: 846130) are specialized machine tools used for precision cutting and shaping of materials, primarily metals. These machines are utilized in industries such as automotive, aerospace, and manufacturing for creating intricate internal and external shapes, such as keyways, splines, and gears. Broaching machines are known for their high accuracy and ability to produce complex geometries in a single pass, making them essential in high-volume production environments.
Total Trade Volume
USD 320 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for CNC broaching machines
Increased automation and precision in manufacturing processes are driving demand for computer numerical control (CNC) broaching machines, especially in the automotive and aerospace sectors.
2022
Shift towards sustainable manufacturing
Manufacturers are adopting energy-efficient broaching machines to meet environmental regulations, influencing purchasing decisions globally.
2021
Growth in emerging markets
Rapid industrialization in countries like India and Brazil is boosting demand for cost-effective broaching machines, creating new export opportunities.
2020
The European Union introduced anti-dumping tariffs on broaching machines from specific Asian countries to protect domestic manufacturers.
March 2023
This has led to a shift in trade flows, with European buyers sourcing more from domestic and other non-affected regions.
Leading manufacturers unveiled hybrid broaching machines integrating additive manufacturing capabilities at a major trade show.
September 2022
This innovation is expected to increase adoption in high-precision industries, potentially raising trade volumes for advanced models.
A new phase of the US-China trade agreement reduced tariffs on industrial machinery, including broaching machines, fostering bilateral trade.
January 2023
This development has encouraged Chinese manufacturers to increase exports to the US market, impacting global trade patterns.