HS Code:
Engine or toolroom lathes, classified under HS Code 8458, are machine tools used for shaping metal, wood, or other materials by rotating the workpiece against a cutting tool. These lathes are essential in manufacturing industries for producing precision components in automotive, aerospace, and industrial machinery sectors. They vary from manually operated to numerically controlled (CNC) lathes, catering to diverse industrial needs.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for CNC lathes
Increased automation in manufacturing is driving demand for computer numerically controlled lathes, boosting trade in high-tech equipment from countries like Germany and Japan.
2022
Shift towards sustainable manufacturing
Manufacturers are adopting energy-efficient lathes, influencing trade patterns as buyers prioritize eco-friendly machinery.
2021
Growth in emerging markets
Industrialization in countries like India and Vietnam is increasing imports of affordable lathes, particularly from China.
2022
The European Union introduced anti-dumping tariffs of up to 8% on engine lathes from China to protect domestic manufacturers.
March 2023
This may lead to a shift in trade flows, with buyers in the EU potentially sourcing more from Japan or South Korea.
The United States-Mexico-Canada Agreement has reduced tariffs on lathes within the region, enhancing trade among member countries.
January 2023
Increased intra-regional trade, with the US importing more from Mexico.
Leading manufacturers in Germany and Japan unveiled next-generation CNC lathes with AI integration at a global trade fair.
September 2023
Expected to drive demand for high-end lathes, reinforcing the market dominance of these countries.