HS Code:
The category 'Having a rim diameter greater than 40.64 cm (16 inches) but not more than 43.18 cm (17 inches)' typically pertains to specific types of vehicle wheels or tires under the Harmonized System (HS) classification, likely falling within HS Chapter 87 (Vehicles other than railway or tramway rolling stock, and parts and accessories thereof). This category is significant for the automotive industry, covering wheels or tires used in passenger vehicles, light trucks, and other similar applications. Trade in this category is influenced by global automotive production, regional manufacturing hubs, and trade policies affecting vehicle parts.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$1.3 billion USD
25% of total trade of total trade
Increasing
$800 million USD
15.4% of total trade of total trade
Stable
$750 million USD
14.4% of total trade of total trade
Increasing
$600 million USD
11.5% of total trade of total trade
Stable
$400 million USD
7.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
25% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Japan EPA)
Rising demand for lightweight alloy wheels
Increased trade in aluminum-based wheels to improve fuel efficiency in vehicles, driven by environmental regulations
2021-2022
Shift towards electric vehicles (EVs)
Growing need for specialized wheels suited for EVs, influencing production and trade patterns
2022
Supply chain disruptions due to geopolitical tensions
Delays and cost increases in raw material supply (e.g., steel and aluminum) affecting wheel production and trade
2022
The United States imposed additional tariffs on Chinese wheel imports as part of ongoing trade tensions, citing unfair trade practices.
March 2023
Increased costs for US importers, potential shift to alternative suppliers like South Korea or Mexico
The European Union introduced stricter environmental standards under the Green Deal, requiring sustainable production practices for wheels and tires.
January 2023
Higher compliance costs for exporters to the EU, but opportunities for eco-friendly manufacturers
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on automotive parts, including wheels, among member countries.
November 2022
Boosted trade volumes in the Asia-Pacific region, especially for Chinese and Japanese exporters