HS Code:
Ferrite core memories, classified under HS Code 8504.90 (parts of electrical transformers, static converters, and inductors), are magnetic memory devices used historically in early computers and now in specialized applications. These components utilize ferrite materials to store data through magnetic properties, though their usage has largely been replaced by modern semiconductor memories. Global trade in ferrite core memories and related components focuses on niche markets, including vintage computing restoration, industrial applications, and specific military or aerospace uses where radiation resistance is critical.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Decreasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Declining demand for traditional ferrite core memories
Shift towards modern memory technologies like DRAM and NAND flash has reduced market size, limiting ferrite cores to niche applications.
2020-2022
Increased interest in radiation-hardened components
Growing aerospace and defense sectors have spurred limited demand for ferrite cores due to their resistance to radiation effects.
2021-2023
Rising production costs
Scarcity of raw materials and specialized manufacturing processes have increased costs, impacting trade profitability.
2022
A niche market for restoring vintage computers has led to a small surge in demand for ferrite core memories, with hobbyists and museums driving imports.
Mid-2022
Minor increase in trade volume, particularly in the US and Europe.
Several defense contractors in the US and Japan have signed contracts for radiation-hardened components, including ferrite-based technologies.
Early 2023
Expected to stabilize trade volumes for specialized manufacturers in these regions.
Global supply chain issues, particularly in raw material sourcing for ferrite production, have led to delays and reduced exports from China.
Late 2022
Temporary reduction in trade volume and increased prices.