HS Code:
Cup and cone assemblies entered as a set (HS Code: 8482.99.15) are components of tapered roller bearings, typically used in automotive, industrial machinery, and heavy equipment applications. These sets consist of an outer ring (cup) and an inner ring with rollers (cone), designed to handle both radial and axial loads. They are critical in applications requiring high durability and precision, such as in vehicle axles and gearboxes. Global trade in this category is driven by demand in the automotive and manufacturing sectors, with key production hubs in industrialized nations.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.8% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for electric vehicles (EVs)
Increased need for specialized cup and cone assemblies in EV drivetrains, boosting trade in high-precision components.
2021-2022
Automation in manufacturing
Growth in industrial machinery production has driven demand for durable bearing components, sustaining trade volumes.
2020-2022
Supply chain diversification
Post-COVID-19, companies are shifting away from single-country sourcing, increasing trade from secondary markets like Vietnam and India.
2021-2023
The US imposed additional anti-dumping duties on Chinese bearing components, including cup and cone assemblies, to protect domestic manufacturers.
March 2023
Shift in imports to other Asian countries like South Korea and Japan, increasing costs for US buyers.
The EU introduced sustainability requirements for industrial components, encouraging manufacturers to adopt eco-friendly production methods for bearing sets.
July 2022
Potential cost increases for non-compliant exporters, but long-term growth in demand for sustainable products.
A new trade pact reduced tariffs on industrial components, including cup and cone assemblies, between Japan and India.
September 2022
Increased export opportunities for Japanese manufacturers and cost savings for Indian importers.