HS Code:
Flat-surface grinding machines, classified under HS Code 8460.11, are precision machine tools used for grinding flat surfaces with high accuracy. These machines are critical in industries such as automotive, aerospace, and manufacturing for producing components with tight tolerances. They utilize abrasive wheels to remove material from a workpiece, achieving smooth and precise finishes. The global trade of flat-surface grinding machines is driven by demand for high-precision manufacturing equipment, particularly in industrial hubs.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Increasing
USD 90 million
7.5% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for CNC-based grinding machines
Increased adoption of automated and computer-controlled grinding machines due to Industry 4.0, boosting trade in high-tech equipment.
2021-2022
Shift towards sustainable manufacturing
Growing preference for energy-efficient grinding machines, influencing manufacturers to innovate and adapt to eco-friendly standards.
2020-2022
Growth in automotive and aerospace sectors
Higher demand for precision components in these industries drives the need for advanced flat-surface grinding machines.
2019-2022
The EU-Japan Economic Partnership Agreement has reduced tariffs on industrial machinery, including flat-surface grinding machines, to near zero, boosting bilateral trade.
January 2023
Increased exports from Japan to EU countries, with a projected growth of 15% in trade volume for 2023.
Ongoing trade disputes have led to additional tariffs on Chinese-made grinding machines entering the US market, prompting manufacturers to seek alternative suppliers.
March 2022
Shift in trade flows towards European and Japanese suppliers, affecting market shares.
Introduction of AI-integrated grinding machines by leading manufacturers in Germany and Japan, enhancing precision and efficiency.
September 2022
Increased competitiveness of high-end products, driving demand in markets prioritizing automation.