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📦 Having a rim diameter greater than 40.64 cm (16 inches) but not more than 43.18 cm (17 inches)

Having a rim diameter greater than <il>40.64 cm (16 inches)</il> but not more than <il>43.18 cm (17 inches)</il>

HS Code:

📦

Overview

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

Tariff Analysis

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)

Common Restrictions

  • Import quotas in specific markets to protect local manufacturers
  • Anti-dumping duties, particularly on Chinese exports
  • Safety and environmental standards compliance requirements
  • Customs documentation and certification for automotive parts

Market Trends

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

Recent Developments

US Tariffs on Chinese Wheel Imports

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

EU Green Deal Impact on Automotive Parts

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

New Free Trade Agreement in Asia-Pacific

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