HS Code:
The 'Filters and parts and accessories thereof' category, classified under HS Code 8421, encompasses a wide range of products used for filtering or purifying liquids or gases. This includes air filters, oil filters, fuel filters, and their associated parts and accessories, which are critical components in automotive, industrial, and environmental applications. These products are essential for maintaining machinery efficiency, ensuring clean air and water, and meeting environmental standards across various industries.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.2 billion
16.6% of total trade of total trade
Increasing
USD 3.8 billion
15.0% of total trade of total trade
Stable
USD 3.5 billion
13.8% of total trade of total trade
Increasing
USD 2.1 billion
8.3% of total trade of total trade
Stable
USD 1.5 billion
5.9% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for air filters due to environmental concerns
Increased production and export from major manufacturing hubs like China and Germany to meet global air quality standards.
2021-2022
Growth in automotive sector driving filter demand
Significant boost in trade volume for oil and fuel filters, particularly in markets with expanding vehicle production like India and South Korea.
2020-2022
Adoption of advanced filtration technologies
Shift towards high-efficiency particulate air (HEPA) and nanotechnology-based filters, influencing trade patterns with higher value products.
2019-2022
The European Union introduced new regulations requiring advanced filtration systems in industrial and automotive sectors to meet stricter emission standards.
June 2023
Increased demand for high-quality filters from European manufacturers, benefiting exporters like Germany and the US.
A new phase of trade negotiations reduced tariffs on industrial filters and parts between the US and China, promoting smoother trade flows.
March 2023
Boosted export potential for Chinese filter manufacturers to the US market, potentially increasing their global trade share.
Ongoing disruptions due to geopolitical tensions and port congestions have affected the supply of raw materials for filter production.
January 2023
Temporary price hikes and delays in delivery schedules, impacting trade volumes in key markets like Japan and South Korea.