HS Code:
The category 'Having a maximum weighing capacity not exceeding 30 kg' (likely under HS Code 8423.81) pertains to weighing machinery, including balances and scales, designed for smaller capacities. These products are widely used in retail, laboratories, and small-scale industrial applications for precise measurement of goods. This category excludes industrial scales with higher capacities and focuses on portable or countertop devices.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
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 digital and smart scales
Increased exports of electronic weighing devices with IoT integration, particularly from China and South Korea, driving market growth by 8% annually.
2021-2022
Sustainability push in manufacturing
Manufacturers in Europe are adopting eco-friendly materials, increasing production costs but appealing to environmentally conscious markets.
2022
Growth in e-commerce and retail sectors
Higher demand for small-capacity scales in logistics for parcel weighing, boosting imports in North America and Europe by 5% year-over-year.
2020-2022
The European Union introduced new regulations requiring all imported weighing devices to comply with updated safety and accuracy standards under the EU Measuring Instruments Directive (MID).
June 2023
Non-compliant exporters, especially from Asia, face higher costs for certification, potentially reducing their market share in the EU.
A recent bilateral agreement reduced tariffs on certain electronic weighing devices from China to the US, previously subject to Section 301 tariffs.
March 2023
This is expected to increase Chinese exports to the US by 10% in the next year, benefiting American retailers with lower costs.
Leading manufacturers in Japan and South Korea unveiled new smart scales with Bluetooth connectivity and app integration for health and retail applications.
September 2023
This innovation is likely to shift consumer preference toward high-tech products, increasing market competition and prices for traditional scales.