HS Code:
The category of vehicles with a Gross Vehicle Weight (G.V.W.) exceeding 9 metric tons but not exceeding 12 metric tons typically includes medium-duty trucks and commercial vehicles used for transportation and logistics. These vehicles are essential for regional freight transport, construction, and other industrial applications. This category falls under HS Code 8704 (Motor vehicles for the transport of goods), with specific subheadings depending on the exact type and use of the vehicle. Global trade in this category is influenced by industrial demand, infrastructure development, and environmental regulations.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
25% (imposed by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards electric and hybrid medium-duty trucks
Increased demand for eco-friendly vehicles due to stringent emission regulations in Europe and North America
2021-2023
Rising demand in developing economies
Infrastructure projects in Asia and Africa are driving imports of medium-duty trucks
2020-2022
Supply chain disruptions
Global semiconductor shortages have slowed production and export capabilities
2021-2022
The European Union introduced stricter CO2 emission targets for medium-duty vehicles, pushing manufacturers to innovate.
January 2023
Increased production costs but also a surge in demand for electric and hybrid models in the region.
A new phase of trade negotiations reduced tariffs on medium-duty trucks between the US and China.
March 2022
Boosted exports from the US to China, with a projected 10% increase in trade volume.
Japanese manufacturers announced plans to increase production of medium-duty trucks in ASEAN countries to meet regional demand.
July 2023
Likely to shift trade patterns with more localized production reducing export volumes from Japan.