HS Code:
Grinding, sanding, or polishing machines (HS Code: 846593) are industrial tools used for surface finishing, material removal, and precision shaping in various industries such as manufacturing, construction, and automotive. These machines include a wide range of equipment, from handheld grinders to large-scale industrial polishing systems, often utilized for metals, wood, and other materials. The global trade of these machines reflects the demand for industrial automation, precision engineering, and infrastructure development worldwide.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
UN Comtrade Database
USD 680 million
21.3% of total trade of total trade
Increasing
USD 550 million
17.2% of total trade of total trade
Increasing
USD 420 million
13.1% of total trade of total trade
Stable
USD 380 million
11.9% of total trade of total trade
Stable
USD 310 million
9.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for automation
Increased imports of CNC grinding and polishing machines in manufacturing hubs like China and India due to automation trends in production lines.
2021-2022
Shift towards eco-friendly equipment
Growing preference for energy-efficient machines with lower emissions, influencing trade patterns towards European manufacturers with advanced technologies.
2020-2022
Supply chain disruptions
Delays in exports due to global logistics challenges and raw material shortages, particularly affecting Asian exporters.
2021-2022
Negotiations on reducing tariffs for industrial machinery, including grinding and polishing machines, have progressed, potentially lowering costs for European importers.
June 2023
Expected to increase trade volume between EU and China by 10-15% over the next two years.
The United States imposed additional tariffs on Chinese-made grinding machines as part of ongoing trade tensions, citing unfair trade practices.
March 2023
Likely to divert US imports towards European and Japanese manufacturers, increasing costs for American buyers.
Japanese manufacturers unveiled new AI-integrated polishing machines, enhancing precision and efficiency, boosting their export competitiveness.
September 2023
Anticipated to strengthen Japan's market share in high-end industrial markets.