HS Code:
The category 'Having a rim diameter of 33.02 cm (13 inches) or less' typically pertains to specific types of wheels or tires, often used for smaller vehicles such as motorcycles, scooters, or compact machinery. This product category falls under the broader Harmonized System (HS) classification for vehicle parts and accessories, likely under HS Code 8708.70 (Road wheels and parts thereof) or a related subheading. Products in this category are critical for mobility solutions in urban and rural settings, with demand driven by the automotive aftermarket, manufacturing, and repair industries.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$120 million USD
10.0% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Japan EPA)
Rising demand for lightweight materials
Increased use of aluminum and composite materials in wheel production to enhance fuel efficiency, driving innovation and shifting supply chains toward specialized manufacturers.
2021-2023
Growth in electric scooter and micro-mobility markets
Significant boost in demand for smaller rim diameter products due to urbanization and the rise of last-mile delivery solutions, particularly in Asia and Europe.
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays and cost increases in raw material sourcing (e.g., steel and rubber) due to trade wars and regional conflicts, affecting pricing and availability.
2022
The European Union introduced stricter safety and environmental regulations for wheels with rim diameters of 33.02 cm or less, requiring compliance with updated durability and material standards.
March 2023
Increased production costs for exporters to the EU but improved product quality and consumer safety.
A new phase of trade negotiations reduced tariffs on certain automotive parts, including small-diameter wheels, from 25% to 15%, benefiting Chinese exporters.
January 2023
Enhanced market access for Chinese manufacturers, potentially increasing competition in the US market.
India's government launched incentives under the 'Make in India' initiative to boost local production of vehicle components, including small-diameter wheels, reducing reliance on imports.
September 2022
Shift in regional trade patterns, with India emerging as a competitive supplier in South Asia.