HS Code:
The category under HS Code 6815 encompasses carbon fibers, articles made of carbon fibers for non-electrical uses, and other articles of graphite or carbon for non-electrical purposes. Carbon fibers are high-strength, lightweight materials used in various industries including aerospace, automotive, and sporting goods for their excellent tensile strength and low weight. Articles of graphite or other carbon materials are often utilized in industrial applications such as heat shields, furnace linings, and chemical processing equipment due to their high thermal resistance and chemical inertness.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
$800 million USD
32% of total trade of total trade
Increasing
$600 million USD
24% of total trade of total trade
Stable
$400 million USD
16% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Increasing
$200 million USD
8% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in aerospace and automotive industries
Increased production and export of carbon fiber composites for lightweight, fuel-efficient vehicles and aircraft
2020-2022
Shift towards sustainable manufacturing
Rising interest in recycled carbon fibers and eco-friendly production methods to meet environmental regulations
2021-2023
Technological advancements in carbon fiber production
Reduction in production costs, making carbon fibers more accessible for mid-tier applications
2019-2022
The United States introduced additional tariffs on carbon fiber imports from China citing unfair trade practices and overcapacity concerns.
March 2023
Potential shift in supply chains as manufacturers look for alternative suppliers in Japan and South Korea.
The EU-Japan Economic Partnership Agreement has reduced tariffs on carbon fiber products, facilitating increased trade between the regions.
January 2023
Strengthened market access for Japanese exporters and lower costs for EU manufacturers.
A leading German company announced a new method to recycle carbon fiber composites at a lower cost while maintaining quality.
June 2023
Expected to drive adoption of sustainable materials in automotive and construction sectors.