HS Code:
Conveyor belts and belting (HS Code: 4010) encompass a range of products used for transporting goods and materials across various industries, including manufacturing, mining, agriculture, and logistics. These products are typically made from materials like rubber, plastic, metal, or fabric and are essential components in industrial automation and material handling systems. The category includes conveyor belts of vulcanized rubber, reinforced with metal or textile, as well as other belting materials used for power transmission or conveying purposes. The global trade of conveyor belts is driven by industrial growth, infrastructure development, and the increasing adoption of automation technologies.
Total Trade Volume
USD 5.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within WTO member states with MFN status)
Rising demand for automation
Increased adoption of conveyor systems in e-commerce, warehousing, and logistics sectors, driving trade growth particularly in North America and Asia-Pacific.
2021-2023
Shift to sustainable materials
Growing preference for eco-friendly and recyclable conveyor belts due to environmental regulations, influencing production and trade patterns in Europe.
2022-2023
Technological advancements
Integration of smart technologies like IoT and sensors in conveyor systems, boosting demand for high-tech belting solutions and increasing trade value.
2020-2023
The European Union imposed anti-dumping duties ranging from 8% to 12% on certain types of conveyor belts originating from China to protect domestic manufacturers from unfair pricing practices.
March 2023
Expected to reduce Chinese exports to the EU while increasing opportunities for other exporters like India and Turkey.
The US Infrastructure Investment and Jobs Act, signed into law, has led to increased investments in construction and mining, driving demand for conveyor systems and belting materials.
November 2021
Significant rise in imports of conveyor belts to the US, particularly from Germany and Japan, with a projected growth of 10% in trade volume for 2023.
Major manufacturers in Japan and Germany have introduced lightweight, energy-efficient conveyor belts, catering to industries seeking to reduce operational costs and carbon footprints.
June 2022
Increased export competitiveness for these countries, especially in markets prioritizing sustainability.