HS Code:
The category 'Exceeding 735 W but under 746 W' typically relates to electrical machinery or equipment, such as motors or generators, with a power rating in the specified range. This category falls under the Harmonized System (HS) Code structure, likely within Chapter 85 (Electrical Machinery and Equipment). Products in this category are used in industrial, commercial, and sometimes residential applications, requiring specific power outputs for niche machinery or systems. The trade of such products is influenced by industrial demand, energy efficiency standards, and technological advancements in electrical engineering.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing nations)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for energy-efficient motors
Increased trade volume as industries upgrade to meet global sustainability standards
2021-2022
Shift towards automation and smart machinery
Higher demand for specialized electrical equipment in this power range for automated systems
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary reduction in trade volume and increased costs due to raw material shortages
2022
The European Union introduced new regulations mandating higher energy efficiency for electrical machinery, including those in the 735-746 W range, to meet carbon neutrality goals.
March 2023
Expected increase in demand for compliant products, potentially benefiting EU manufacturers and exporters
A recent bilateral agreement reduced tariffs on specific electrical machinery categories, including this power range, to ease trade tensions.
January 2023
Likely to boost trade volume between the two countries, with China increasing exports to the US
The ongoing semiconductor shortage has affected the production of electrical machinery components, leading to delays in manufacturing and export.
October 2022
Temporary reduction in trade volume and increased prices for end consumers