HS Code:
The category 'Exceeding 11.19 kW but under 22.38 kW' typically refers to engines, motors, or machinery with power output in the specified range. This category often includes internal combustion engines, electric motors, or other power units used in industrial, agricultural, or automotive applications. These products are critical in various sectors, including manufacturing, construction, and transportation, due to their moderate power capacity, which balances efficiency and cost.
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-USMCA)
Shift towards energy-efficient motors
Increased demand for products meeting stringent environmental regulations, driving innovation in design and materials.
2021-2022
Rising adoption in agricultural mechanization
Growth in demand from emerging markets as small-scale farmers upgrade to mechanized equipment.
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and delays in delivery, prompting diversification of supply sources.
2022
The European Union introduced new regulations requiring engines in this power range to meet Euro Stage V emission standards, impacting exporters to the region.
January 2023
Manufacturers may face higher compliance costs, but it could favor companies with advanced eco-friendly technologies.
A new phase of trade negotiations reduced tariffs on industrial machinery, including motors in this category, from 8% to 4% for Chinese exports to the US.
March 2023
Expected to boost Chinese exports to the US market, potentially shifting market share dynamics.
Japan announced subsidies for local manufacturers of mid-range power engines to reduce dependency on imports amid global supply chain challenges.
June 2023
Could reduce import volumes in Japan, affecting exporters from other countries.