HS Code:
This category includes products of aluminum as specified under various tariff headings or subheadings listed in subdivision (g) of note 19 to the subchapter, except for those covered under headings 9903.85.67 or 9903.85.69. These products encompass a wide range of aluminum goods such as sheets, plates, bars, rods, profiles, wires, tubes, pipes, and other articles made of aluminum. Aluminum products are critical in industries like construction, automotive, aerospace, and packaging due to their lightweight, durability, and resistance to corrosion.
Total Trade Volume
USD 92.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.7%
Highest Rate
25% (imposed by certain countries under specific trade protection measures)
Lowest Rate
0% (under free trade agreements such as USMCA)
Rising demand for aluminum in electric vehicle (EV) production
Increased trade volumes as aluminum is used for lightweighting vehicles to improve battery efficiency
2021-2023
Shift towards sustainable and recycled aluminum
Growing imports of recycled aluminum products due to environmental regulations and corporate sustainability goals
2020-2022
Supply chain disruptions due to geopolitical tensions
Reduced exports from key producers like Russia, leading to price volatility and shifts in trade routes
2022
The United States adjusted tariffs on aluminum imports under Section 232, introducing tariff-rate quotas for certain allies while maintaining higher rates for others.
January 2022
Shift in trade flows with increased imports from quota-exempt countries like Canada and the EU.
The European Union proposed CBAM, which could impose additional costs on carbon-intensive aluminum imports starting in 2026.
July 2021 (updated discussions in 2023)
Potential reduction in imports from high-emission producers unless they adopt greener production methods.
China reduced export tax rebates on certain aluminum products to encourage domestic consumption and reduce carbon footprint.
May 2021
Decrease in Chinese aluminum exports, creating opportunities for other exporters like Russia and Middle Eastern countries.