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Global Tariffs, Categorized

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📦 Circular

Circular

HS Code:

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Overview

The Circular category, often associated with products like circular saws, circular knitting machines, or other circular components under various HS codes (e.g., HS 8465 for machine tools or HS 8447 for knitting machines), encompasses a range of industrial and manufacturing equipment and parts characterized by their circular design or functionality. These products are critical in industries such as construction, textiles, and manufacturing, contributing to processes like cutting, shaping, and fabric production. Global trade in this category reflects the demand for precision machinery and industrial automation across developed and emerging economies.

Total Trade Volume

USD 12.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12.5% (imposed by certain developing countries to protect local industries)

Lowest Rate

0% (under free trade agreements like EU-Japan EPA)

Common Restrictions

  • Import quotas in specific markets to protect domestic manufacturers
  • Technical standards and certification requirements for machinery safety
  • Anti-dumping duties in regions like the EU and US to counter low-cost imports
  • Environmental regulations on energy efficiency and emissions for industrial equipment

Market Trends

Rising demand for automated circular machinery

Increased imports in emerging markets like India and Vietnam due to industrial growth and modernization

2021-2022

Shift towards sustainable manufacturing

Growing preference for energy-efficient circular equipment, influencing export patterns from countries like Germany and Japan

2020-2022

Supply chain disruptions due to geopolitical tensions

Delays in exports from major producers like China, leading to price volatility and regional shortages

2022

Recent Developments

EU Imposes New Safety Standards for Circular Machinery

The European Union introduced stricter safety and environmental standards for imported circular machinery, requiring additional certifications.

March 2023

Increased compliance costs for exporters, particularly from Asia, but improved market access for EU-compliant manufacturers.

US-China Trade Agreement Update

A new phase of negotiations reduced tariffs on certain circular industrial components, boosting trade between the two nations.

January 2023

Positive for US importers and Chinese exporters, with an expected 10% rise in trade volume for this category.

Technological Advancements in Circular Knitting Machines

Major manufacturers in Japan and Germany unveiled AI-integrated circular knitting machines, enhancing productivity and precision.

September 2022

Increased demand for high-tech equipment, shifting trade focus towards premium products in developed markets.