HS Code:
Copper tubes and pipes (HS Code: 7411) are essential components in various industries, including construction, HVAC (heating, ventilation, and air conditioning), plumbing, and industrial manufacturing. These products are valued for their excellent thermal conductivity, corrosion resistance, and durability. They are primarily used in water supply systems, refrigeration, and heat exchangers. Global trade in copper tubes and pipes is influenced by industrial demand, infrastructure development, and fluctuations in copper prices, which are tied to mining output and geopolitical factors.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for copper tubes in renewable energy systems
Increased trade volume due to the use of copper in solar thermal systems and electric vehicle infrastructure
2021-2023
Fluctuations in copper raw material prices
Price volatility affects export margins and trade competitiveness, particularly for smaller exporters
2020-2022
Shift towards sustainable production practices
Countries with stricter environmental regulations may face higher production costs, influencing trade patterns
2019-2023
In response to allegations of dumping, the United States introduced a 10% tariff on copper tubes and pipes imported from China, aiming to protect domestic manufacturers.
March 2023
Potential shift in trade flows, with other countries like South Korea and Mexico possibly gaining market share in the US
The European Union has introduced stricter emission standards for copper processing, which may increase production costs for European manufacturers.
January 2023
Could lead to higher prices for EU copper tubes and pipes, potentially reducing competitiveness against Asian exporters
Labor strikes and environmental concerns in Chile, a major copper producer, have led to supply chain disruptions affecting global copper tube production.
August 2022
Short-term price increases and trade delays for copper-dependent industries worldwide