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📦 Flexible type

Flexible type

HS Code:

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Overview

The 'Flexible type' category under the Harmonized System (HS) Code typically refers to flexible products or materials such as flexible tubing, hoses, or other pliable materials used in various industrial and consumer applications. These products are often made from plastics, rubber, or metal and are utilized in sectors like automotive, construction, and manufacturing for fluid transfer, insulation, or protection purposes. This category encompasses a wide range of products with varying specifications based on flexibility, durability, and application.

Total Trade Volume

USD 15.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12.5% (imposed by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific regions
  • Quality and safety certification requirements
  • Anti-dumping duties in select markets
  • Environmental compliance regulations for material composition

Market Trends

Rising demand for eco-friendly materials

Increased production of biodegradable and recyclable flexible products, driving innovation in sustainable manufacturing.

2021-2022

Growth in automotive and construction sectors

Higher demand for flexible tubing and hoses in electric vehicles and infrastructure projects, boosting trade volumes.

2020-2022

Supply chain disruptions due to geopolitical tensions

Delays in raw material supply and increased production costs, affecting export timelines and pricing.

2022

Recent Developments

EU Implements Stricter Material Standards

The European Union introduced new regulations requiring flexible products to meet higher environmental and safety standards, impacting exporters to the region.

June 2023

Non-compliant exporters face market access challenges, while compliant manufacturers gain competitive advantage.

US-China Trade Agreement Update

A revised trade agreement reduced tariffs on certain flexible product categories, facilitating smoother trade between the two nations.

March 2023

Increased export volumes from China to the US, potentially shifting market shares.

Innovation in Flexible Material Technology

Major manufacturers in Japan and Germany unveiled new lightweight, high-durability flexible materials for industrial applications.

September 2023

Expected to drive demand in high-tech industries, positioning these countries as innovation leaders.