HS Code:
The category 'Having a width measuring at least four times the thickness' (specific HS Code to be determined based on the exact product, as it is not fully specified in the query) typically includes flat-rolled products, such as certain types of steel, aluminum, or other metal sheets and strips, where the width is at least four times the thickness. These products are widely used in industries like construction, automotive, and manufacturing for structural components, panels, and other applications requiring wide, thin materials. Global trade in this category is influenced by industrial demand, raw material availability, and trade policies related to metals and manufactured goods.
Total Trade Volume
USD 45.7 billion
Data from 2022
Source
UN Comtrade Database
USD 12.3 billion
26.9% of total trade of total trade
Increasing
USD 6.8 billion
14.9% of total trade of total trade
Stable
USD 5.2 billion
11.4% of total trade of total trade
Increasing
USD 4.9 billion
10.7% of total trade of total trade
Decreasing
USD 3.5 billion
7.7% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for lightweight materials in automotive and aerospace sectors
Increased trade in aluminum and advanced steel products falling under this category, especially in developed markets
2021-2022
Shift towards sustainable production practices
Higher costs for producers due to environmental regulations, affecting export prices and competitiveness
2020-2022
Trade tensions and protectionist policies
Disruptions in supply chains due to tariffs and quotas, particularly affecting trade between major economies like the US and China
2019-2022
The United States adjusted its Section 232 tariffs on steel imports, replacing tariffs with tariff-rate quotas for certain countries, impacting the trade of flat-rolled products.
January 2022
Increased imports from EU countries while maintaining restrictions on other major exporters like China, potentially shifting trade patterns.
The European Union proposed the CBAM to impose carbon costs on imports of carbon-intensive goods like steel, affecting products in this category.
July 2021
Potential increase in costs for non-EU exporters, possibly reducing competitiveness of high-emission producers.
China reduced export tax rebates for certain steel products to discourage exports and focus on domestic supply, impacting global availability of products in this category.
May 2021
Reduced export volumes from China, leading to higher global prices and opportunities for other exporters.