HS Code:
The 'Exceeding 425 mm in diameter' category typically refers to products such as large industrial pipes, tubes, or circular components made of steel or other materials, often used in heavy industries like construction, oil and gas, and infrastructure development. This category falls under specific HS codes related to iron, steel, or alloy products (e.g., HS 7305 or HS 7306 for large diameter pipes). These products are critical for large-scale projects requiring robust materials to withstand high pressure and environmental stress.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.8 billion
30.4% 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
Stable
USD 1.2 billion
9.6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy sector
Increased need for large diameter pipes in wind turbine foundations and offshore energy projects has boosted trade by 8% annually since 2020.
2022
Shift toward sustainable materials
Growing preference for eco-friendly steel production methods is pushing manufacturers to adopt greener technologies, impacting cost structures.
2021
Infrastructure boom in developing economies
Significant investments in infrastructure in Asia and Africa have driven a 10% increase in demand for large diameter pipes.
2022
The United States introduced a 15% additional tariff on large diameter steel pipes from China citing unfair trade practices and dumping concerns.
March 2023
This is expected to reduce Chinese imports by 20% in the US market, potentially benefiting domestic producers and other exporters like South Korea.
The European Union launched a policy to incentivize low-carbon steel production, affecting large diameter pipe manufacturers with new compliance costs.
June 2023
Manufacturers adopting green technologies may gain preferential access to EU markets, while others face higher tariffs.
India announced a USD 1.4 trillion infrastructure plan, increasing demand for large diameter pipes for water supply and gas pipeline projects.
January 2023
This is projected to increase imports by 12% over the next five years, benefiting major exporters like China and Japan.