HS Code:
The category of Crowbars, Track Tools, Wedges, and Parts Thereof (HS Code: 8205.59) includes hand tools primarily used in construction, mining, and railway maintenance. Crowbars are leveraged tools for prying and lifting, track tools are specialized for railway track installation and repair, and wedges are used for splitting or securing. This category also covers parts and accessories for these tools. These products are essential in heavy industries and infrastructure development, with demand closely tied to global construction and railway expansion activities.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
USD 45 million
30% of total trade
Increasing
USD 30 million
20% of total trade
Stable
USD 20 million
13.3% of total trade
Stable
USD 15 million
10% of total trade
Increasing
USD 10 million
6.7% of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local manufacturers)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand in emerging markets
Increased infrastructure projects in Asia and Africa have boosted demand for crowbars and track tools, driving export growth from major producers like China and India.
2021-2022
Shift toward lightweight and durable materials
Manufacturers are adopting advanced materials like titanium and high-strength steel alloys, increasing product costs but improving longevity and user safety.
2020-2022
Automation reducing demand for manual tools
In developed markets, automation in construction and railway maintenance is reducing the need for traditional hand tools, impacting trade volumes in countries like Japan.
2019-2022
The United States imposed a 15% anti-dumping duty on crowbars and track tools from China, citing unfair pricing practices that harm domestic manufacturers.
March 2023
This has led to a shift in imports toward other countries like India and Mexico, while increasing costs for US buyers in the short term.
The European Union's Green Deal initiative includes significant investments in railway infrastructure, increasing demand for track tools and related equipment.
January 2023
European manufacturers and exporters like Germany are seeing a surge in orders, potentially increasing trade volumes by 10% in 2023.
Indiaโs government announced a USD 1.3 trillion infrastructure plan, including railway modernization, driving domestic production and imports of track tools and wedges.
August 2022
This has positioned India as both a growing exporter and importer in this category, with trade volume expected to rise by 8% annually.