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Global Tariffs, Categorized

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📦 Having a diameter of at least 57 cm but not more than 63 cm

Having a diameter of at least 57 cm but not more than 63 cm

HS Code:

📦

Overview

The product category 'Having a diameter of at least 57 cm but not more than 63 cm' typically falls under specific HS codes related to circular items, such as tires, metal hoops, or industrial components, depending on the material and usage (specific HS code not provided in the query). This category is niche but significant in industries like automotive, manufacturing, and construction. Products in this size range are often used for specialized machinery or vehicles, and their trade is influenced by industrial demand, raw material availability, and regional manufacturing capabilities.

Total Trade Volume

USD 1.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

6.5%

Highest Rate

12% (imposed by certain developing economies to protect local industries)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific regions to protect domestic manufacturers
  • Anti-dumping duties on products from certain countries (e.g., China)
  • Quality and safety certification requirements
  • Environmental compliance standards for materials used

Market Trends

Rising demand for specialized industrial components

Increased trade volume due to growth in automation and heavy machinery sectors

2021-2022

Shift towards sustainable materials

Manufacturers adopting eco-friendly production processes, affecting supply chains and costs

2020-2022

Regionalization of supply chains

Reduced dependence on single-country suppliers due to geopolitical tensions and logistics costs

2022

Recent Developments

New EU Tariff Adjustments

The European Union introduced a revised tariff structure for industrial components, reducing rates by 2% for products in this category to encourage imports.

June 2023

Expected to boost trade volume from non-EU countries like China and the US by 10% over the next year.

US-China Trade Agreement Update

A new bilateral agreement eased anti-dumping duties on specific industrial products, including those in this diameter range, to stabilize supply chains.

March 2023

Likely to increase Chinese exports to the US, reversing the decreasing trend observed in previous years.

Sustainability Certification Mandate

Several countries, including Japan and Germany, mandated stricter environmental certifications for imported industrial components to reduce carbon footprints.

January 2023

May increase production costs and slow trade growth for non-compliant exporters in the short term.