HS Code:
The shoe machinery category (HS Code: 8453) encompasses machinery, equipment, and tools specifically designed for the production, repair, and finishing of footwear. This includes machines for cutting, stitching, lasting, and sole attaching, as well as other specialized equipment used in the shoemaking industry. This category is crucial for the global footwear manufacturing sector, which is a significant contributor to light industry trade. The demand for shoe machinery is driven by the growth of the footwear market, advancements in automation, and the need for efficiency in production processes.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 400 million
33.3% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-FTA or within ASEAN)
Automation in Shoe Machinery
Increased demand for automated and robotic machinery to reduce labor costs and improve precision in footwear production, particularly in developed markets.
2021-2022
Shift to Sustainable Manufacturing
Growing interest in eco-friendly machinery that reduces waste and energy consumption, driven by regulations and consumer demand for sustainable products.
2022
Rising Production in Asia-Pacific
Increased exports of shoe machinery to countries like Vietnam, Bangladesh, and India, which are emerging as footwear manufacturing hubs due to low labor costs.
2020-2022
The European Union reduced tariffs on imported shoe machinery from select Asian countries under a new trade agreement to boost manufacturing competitiveness.
March 2023
Expected to increase imports from Taiwan and South Korea by 10-15% over the next two years.
Italian manufacturers unveiled a new line of AI-integrated shoe machinery at a global trade fair, focusing on predictive maintenance and energy efficiency.
September 2022
Reinforces Italyโs position as the market leader and may drive up export prices due to high demand for advanced technology.
The United States imposed additional anti-dumping duties on Chinese shoe machinery, citing unfair pricing practices.
January 2023
Likely to shift US imports toward European and Taiwanese suppliers, increasing costs for American footwear manufacturers in the short term.