HS Code:
The 'Exceeding 700 cc but not exceeding 800 cc' category typically pertains to internal combustion engines, often used in motorcycles or small vehicles, under the Harmonized System (HS) Code 8407.33. This category covers engines with a cylinder capacity in the specified range and is a niche but significant segment in the automotive and transportation industry. Trade in this category is influenced by demand for lightweight, fuel-efficient vehicles, particularly in developing markets, as well as by environmental regulations and technological advancements in engine design.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for fuel-efficient engines
Increased trade volume in regions with stringent emission norms, particularly in Asia-Pacific and Europe
2021-2022
Shift towards electric alternatives
Potential decline in long-term demand for internal combustion engines in this category as electric vehicle adoption grows
2022-2023
Technological advancements in engine efficiency
Higher production costs but increased competitiveness of products meeting new environmental standards
2020-2022
The European Union introduced stricter emission standards for internal combustion engines, impacting the 700-800 cc category with higher compliance costs.
January 2023
Potential reduction in exports to EU markets for non-compliant manufacturers; opportunity for companies with advanced technology.
Thailand announced incentives for motorcycle manufacturers, increasing production capacity for engines in the 700-800 cc range.
March 2023
Strengthening of Thailand's position as a key exporter in this category, potentially increasing global supply.
The United States imposed a temporary tariff reduction on engine imports under specific trade agreements to address supply chain shortages.
July 2022
Short-term increase in imports to the US, benefiting key exporters like Japan and Germany.