HS Code:
This category pertains to derivative aluminum products as defined under specific tariff provisions in subdivision (k) of note 19 to the relevant subchapter, excluding items covered under headings 9903.85.09, 9903.85.68, or 9903.85.70. These products typically include processed or semi-processed aluminum goods used in various industries such as automotive, construction, and packaging. They are subject to specific trade regulations and tariffs due to their strategic importance and the global competition in aluminum markets.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.7%
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under specific free trade agreements)
Rising demand for lightweight materials in automotive sector
Increased trade volume for aluminum derivatives used in electric vehicles and fuel-efficient cars
2021-2022
Shift towards sustainable production practices
Higher costs for producers but growing preference for eco-friendly aluminum products in Europe and North America
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and shifts in trade flows, with some countries seeking alternative suppliers
2022
The United States revised its Section 232 tariffs on aluminum derivatives, introducing exemptions for certain allied countries while maintaining restrictions on others.
March 2023
Likely to reshape trade flows, benefiting exempted countries and increasing costs for others.
The EU introduced CBAM, which imposes additional costs on carbon-intensive aluminum imports, affecting derivative products.
October 2023
Encourages greener production but may raise prices for non-EU exporters.
China announced tighter controls on aluminum exports to prioritize domestic supply amidst rising energy costs.
July 2023
Potential supply shortages globally, driving up prices and prompting buyers to seek alternative sources.