HS Code:
Cutting machines, categorized under HS Code 8456 (machine tools for working any material by removal of material, by laser or other light or photon beam, ultrasonic, electro-discharge, electro-chemical, electron beam, ionic-beam or plasma arc processes), encompass a wide range of industrial equipment used for precision cutting in industries such as manufacturing, automotive, aerospace, and construction. These machines are critical for shaping materials like metal, wood, plastic, and composites, and include laser cutters, plasma cutters, and waterjet cutting machines. The category is a significant segment of the global machinery market, driven by industrial automation and advancements in precision technology.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
22.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within the EU single market)
Adoption of laser cutting technology
Increased demand for precision and efficiency in manufacturing has driven a shift towards laser-based cutting machines, particularly in automotive and aerospace sectors.
2021-2023
Automation and Industry 4.0 integration
Rising integration of cutting machines with IoT and AI for real-time monitoring and optimization, boosting productivity and reducing downtime.
2020-2023
Growth in emerging markets
Rapid industrialization in countries like India and Vietnam has spurred demand for affordable cutting machines, reshaping global trade patterns.
2019-2023
The European Union introduced new regulations requiring cutting machines to meet lower emission and noise standards, aligning with the EU Green Deal objectives.
January 2023
Manufacturers may face higher compliance costs, potentially increasing prices for EU-bound exports, while fostering innovation in eco-friendly designs.
A new phase of the US-China trade agreement reduced tariffs on certain industrial machinery, including cutting machines, to promote bilateral trade.
March 2023
This development is expected to increase Chinese exports to the US, potentially impacting domestic manufacturers and altering market dynamics.
A leading German manufacturer unveiled a new fiber laser cutting machine with 30% higher efficiency, setting a new industry benchmark.
June 2023
This innovation is likely to drive demand for German-made machines and accelerate the global transition to energy-efficient cutting technologies.