HS Code:
The Generators category, classified under HS Code 8501 and 8502, encompasses a wide range of electric generators and generating sets, including diesel, gas, wind-powered, and other types used for power generation. This category is critical for industries, infrastructure projects, and emergency power supply systems globally. Generators are essential in regions with unreliable electricity grids and are increasingly integrated with renewable energy systems.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 6.2 billion
24.2% of total trade of total trade
Increasing
USD 3.8 billion
14.8% of total trade of total trade
Stable
USD 3.1 billion
12.1% of total trade of total trade
Increasing
USD 2.5 billion
9.8% of total trade of total trade
Stable
USD 1.9 billion
7.4% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Shift towards renewable energy generators
Increased demand for wind and solar-powered generators, reducing reliance on diesel models in developed markets
2021-2022
Rising demand in developing economies
Growing infrastructure projects and unreliable power grids in Africa and South Asia are driving imports of portable and industrial generators
2020-2022
Technological advancements in efficiency
Innovations in fuel efficiency and hybrid systems are increasing the competitiveness of high-end generator models
2022
The European Union introduced new emission regulations for diesel generators, requiring manufacturers to adopt cleaner technologies or face penalties.
January 2023
Increased production costs for non-compliant manufacturers, potentially shifting market share to renewable generator producers.
A new bilateral agreement reduced tariffs on certain generator categories between the US and China, aiming to stabilize supply chains.
March 2023
Expected to boost trade volumes between the two countries, benefiting US importers and Chinese exporters.
Following a series of natural disasters in Southeast Asia, there was a significant spike in demand for portable generators for emergency power supply.
September 2022
Temporary increase in exports to affected regions, with long-term potential for market growth in disaster-prone areas.