HS Code:
The category of Files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting shears, pipe cutters, bolt cutters, perforating punches and similar handtools, and base metal parts thereof falls under HS Code 8203. This category encompasses a wide range of hand-operated tools used for cutting, shaping, gripping, and perforating materials, primarily in industrial, construction, and household applications. These tools are essential in metalworking, woodworking, and various repair and maintenance tasks. The category also includes base metal parts used in the assembly or repair of these tools. Global trade in this category is driven by demand in manufacturing, construction, and automotive sectors, with significant production and export activities concentrated in countries with strong industrial bases.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.8%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for ergonomic and precision tools
Manufacturers are investing in R&D to develop lightweight, durable, and user-friendly tools, boosting market growth in premium segments.
2021-2023
Shift towards automation and electric tools
Traditional hand tools face competition from power tools, though demand remains steady in manual and low-cost applications.
2020-2022
Sustainability in production
Increasing use of recycled materials and eco-friendly coatings in tool manufacturing to meet environmental regulations and consumer preferences.
2022-2023
The European Union imposed anti-dumping duties ranging from 7.5% to 27.5% on certain hand tools from China to protect domestic manufacturers from unfair pricing practices.
March 2023
This has led to a potential shift in sourcing to other Asian countries like Taiwan and Vietnam, increasing costs for EU importers in the short term.
Updated rules of origin under the USMCA have encouraged regional production of hand tools, benefiting manufacturers in Mexico and the US with reduced tariffs.
July 2022
Strengthened North American supply chains, reducing dependency on Asian imports and fostering regional trade.
Major manufacturers have introduced tools made with advanced alloys and composite materials, improving durability and performance.
October 2022
Increased demand for high-end tools in industrial applications, though higher prices may limit adoption in cost-sensitive markets.