HS Code:
The category under HS Code 8530 includes electrical signaling, safety, or traffic control equipment for railways, streetcar lines, subways, roads, inland waterways, parking facilities, port installations, or airfields (excluding those under heading 8608). This encompasses a wide range of products such as traffic lights, railway signaling systems, safety barriers, and control panels, as well as parts thereof. These products are critical for ensuring safety and efficient traffic management across various transportation infrastructures globally.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 650 million
18.6% of total trade of total trade
Increasing
USD 550 million
15.7% of total trade of total trade
Stable
USD 450 million
12.9% of total trade of total trade
Increasing
USD 300 million
8.6% of total trade of total trade
Stable
USD 250 million
7.1% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Increased demand for smart traffic management systems
Driven by urbanization and the need for efficient traffic flow, leading to higher adoption of IoT-enabled signaling equipment
2021-2023
Growth in railway infrastructure investments
Significant government spending in Asia-Pacific and Europe on high-speed rail projects boosts demand for advanced signaling systems
2020-2022
Shift towards sustainable and energy-efficient solutions
Manufacturers are focusing on LED-based traffic lights and low-power signaling systems to meet environmental regulations
2019-2023
The European Union has introduced stricter regulations under the Green Deal to ensure that traffic control equipment meets energy efficiency standards, pushing manufacturers to innovate.
March 2023
Increased production costs for non-compliant manufacturers but opens opportunities for green technology leaders.
China has ramped up exports of railway signaling equipment as part of infrastructure projects under the Belt and Road Initiative, particularly in Africa and Southeast Asia.
January 2023
Strengthens China's market share in developing regions, potentially leading to pricing competition.
The US government's USD 1.2 trillion infrastructure bill includes significant funding for modernizing traffic and railway signaling systems.
November 2021
Boosts domestic demand and opportunities for US-based manufacturers and suppliers.