HS Code:
The category 'For a voltage exceeding 1,000 V' (likely falling under HS Code 8535 or related codes) includes electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, designed for use in systems with a voltage exceeding 1,000 volts. This category encompasses high-voltage equipment such as circuit breakers, isolators, and surge arresters, which are critical for power transmission and distribution systems. These products are essential for industrial, utility, and infrastructure projects globally, driven by the demand for reliable electricity grids and renewable energy integration.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
18.4% of total trade of total trade
Increasing
USD 2.5 billion
16.4% of total trade of total trade
Increasing
USD 1.9 billion
12.5% of total trade of total trade
Stable
USD 1.3 billion
8.6% of total trade of total trade
Increasing
USD 1.0 billion
6.6% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for renewable energy infrastructure
Increased need for high-voltage equipment in wind and solar farms drives trade volume, particularly in Europe and Asia-Pacific.
2021-2023
Digitalization of power grids
Rising adoption of smart grid technologies boosts demand for advanced high-voltage switching and protection devices.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows affected by export controls and raw material shortages, leading to price volatility.
2022
The European Union has allocated significant funding under the Green Deal for upgrading high-voltage transmission networks to support renewable energy integration.
March 2023
Expected to increase demand for high-voltage equipment, benefiting exporters like Germany and France.
Ongoing trade disputes have led to additional tariffs on Chinese high-voltage equipment entering the US market, prompting supply chain diversification.
January 2023
US importers are shifting to suppliers in Europe and Southeast Asia, altering trade patterns.
India announced a USD 30 billion investment in modernizing its power grid, with a focus on high-voltage infrastructure to reduce transmission losses.
July 2023
Significant opportunities for exporters, with China and Germany likely to benefit due to established market presence.