HS Code:
The 'Exceeding 63 cm' category under the Harmonized System (HS) Code generally refers to specific products, often related to textiles, apparel, or certain machinery and equipment, with dimensions or specifications exceeding 63 cm. This category is utilized in international trade to classify goods for customs, tariffs, and statistical purposes. Products in this category vary widely depending on the specific HS code sub-category, but they are typically larger-sized items that require specific handling, transportation, and regulatory compliance. This category is significant in global trade due to its application in industries such as manufacturing, construction, and consumer goods.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
World Trade Organization (WTO) and 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 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
8.5%
Highest Rate
25% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for larger machinery components
Increased trade volume in industrial sectors, particularly in Asia-Pacific and Europe, due to infrastructure development projects.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials for products exceeding 63 cm, influencing supply chains and increasing production costs.
2022
Automation in production
Automation technologies are reducing production times for oversized goods, leading to higher export capacities in developed nations.
2020-2022
The European Union announced a reduction in tariffs for oversized industrial equipment under the 'Exceeding 63 cm' category to promote trade with Asian partners.
March 2023
Expected to boost imports by 10% from key exporters like China and Japan.
Recent negotiations between the US and China included provisions to ease restrictions on oversized consumer goods, impacting this category significantly.
January 2023
Likely to stabilize trade volumes and reduce costs for American importers.
Several countries in the OECD introduced stricter environmental compliance rules for the production of goods in this category, requiring greener manufacturing processes.
June 2022
May increase production costs but improve market access for compliant exporters.