HS Code:
The category 'Having a pressure rating under 850 kPa' typically falls under specific subheadings of the Harmonized System (HS) Code, often related to machinery, mechanical appliances, or equipment such as valves, pumps, or pressure regulators designed for lower pressure applications. This category includes products used in various industries, including manufacturing, agriculture, and construction, where moderate pressure handling is required. Due to the incomplete HS Code provided, this overview assumes a general classification under Chapter 84 (Nuclear reactors, boilers, machinery, and mechanical appliances). Products in this category are critical for systems requiring controlled pressure environments but not high-pressure capacities.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
22.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.3 billion
10.4% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
Average Rate
4.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for energy-efficient equipment
Increased imports of low-pressure systems designed for sustainable applications in agriculture and water management, particularly in developing regions.
2021-2022
Shift towards automation and smart systems
Rising exports of pressure-rated components integrated with IoT for industrial automation, especially from Germany and Japan.
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary decline in trade volumes from key exporters like China due to trade wars and tariffs, pushing buyers to alternative suppliers.
2019-2022
The European Union introduced updated safety and environmental standards for pressure-rated equipment under 850 kPa, requiring stricter compliance for imports starting in mid-2023.
June 2023
Potential increase in production costs for non-EU exporters, possibly affecting trade volumes from China and other Asian countries.
A revised trade agreement between the US and China reduced tariffs on certain machinery components, including low-pressure rated equipment, to promote bilateral trade.
March 2023
Expected boost in exports from China to the US, potentially increasing China's market share in this category.
Germany launched a subsidy program for manufacturers producing eco-friendly pressure systems, aiming to strengthen its position as a leading exporter.
January 2023
Likely to reinforce Germany's dominance in the market with a focus on sustainable products, influencing global trade patterns.