HS Code:
The category 'Exceeding 74.6 W but not exceeding 735 W' typically pertains to electrical machinery or equipment, such as electric motors or generators, classified under the Harmonized System (HS) Code related to power output within this specific range. This category is critical in industries like manufacturing, automotive, and renewable energy, where medium-power equipment is essential for operations. Products in this range are often used in applications requiring moderate energy output, balancing efficiency and power needs.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for energy-efficient motors
Increased trade volume as industries shift towards sustainable equipment to meet global emission standards.
2021-2022
Rise in automation and industrial robotics
Boosted demand for mid-range power equipment in manufacturing hubs, particularly in Asia-Pacific.
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary declines in trade volume in certain regions due to export restrictions and logistics challenges.
2022
The European Union introduced stricter energy efficiency standards under the Green Deal, affecting imports of electrical machinery in the 74.6 W to 735 W range.
March 2023
Potential increase in compliance costs for exporters but long-term growth in demand for eco-friendly products.
A new phase of trade negotiations reduced tariffs on certain electrical machinery categories, including products in this power range, to promote bilateral trade.
January 2023
Expected increase in trade volume between the two countries, benefiting exporters in China.
Due to rising costs in traditional manufacturing hubs, companies are relocating production of mid-range power equipment to countries like Vietnam and Thailand.
June 2023
Emerging trade hubs may see a rise in export shares, diversifying global supply chains.