HS Code:
This category pertains to derivative aluminum products as defined under specific tariff headings or subheadings listed in subdivision (i) of note 19 to the relevant subchapter of the Harmonized Tariff Schedule (HTS). These products are aluminum derivatives excluding those covered under headings 9903.85.68 or 9903.85.70. They typically include processed aluminum goods or components used in various industries such as automotive, construction, and packaging. The classification often involves products like aluminum alloys, sheets, plates, and extrusions that have undergone specific manufacturing processes.
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)
Increased demand for lightweight materials in automotive sector
Boosts trade volume for aluminum derivatives used in electric vehicles and fuel-efficient cars
2021-2022
Rising recycling initiatives globally
Encourages trade in recycled aluminum derivatives, reducing raw material costs
2020-2022
Supply chain disruptions due to geopolitical tensions
Leads to regional shifts in trade patterns and higher costs for aluminum derivatives
2022
The United States extended Section 232 tariffs on aluminum derivatives, impacting imports from multiple countries, with specific exemptions for allies under quota agreements.
March 2023
Increases costs for non-exempt exporters and shifts trade flows towards quota-exempt countries.
The European Union introduced CBAM, which imposes additional costs on carbon-intensive aluminum derivatives imported into the EU market.
October 2023
Encourages exporters to adopt greener production methods but raises compliance costs.
China imposed restrictions on the export of certain aluminum processing technologies to protect domestic industries.
August 2023
May limit global supply of high-value aluminum derivatives and increase prices.