HS Code:
This category, classified under HS Code (specific code not provided in the query but assumed to relate to steel or metal products such as pipes or tubes with an outside diameter exceeding 285.8 mm but not exceeding 406.4 mm), pertains to large-diameter metal tubes or pipes commonly used in industries like oil and gas, construction, and infrastructure development. These products are critical for transporting fluids, gases, or as structural components in large-scale projects. The trade of such products is influenced by global industrial demand, raw material availability, and geopolitical factors affecting energy and construction sectors.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.8 billion
30.4% 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 1.5 billion
12.0% of total trade of total trade
Stable
USD 1.2 billion
9.6% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy infrastructure
Increased need for large-diameter pipes in offshore wind farm projects has boosted trade volumes, particularly in Europe and Asia.
2021-2022
Fluctuating steel prices
Volatility in raw material costs has led to unpredictable pricing in the market, affecting long-term contracts and trade stability.
2020-2022
Shift towards sustainable production
Manufacturers adopting green technologies to reduce carbon footprint are gaining competitive advantage in markets with strict environmental regulations.
2022
The United States introduced a 15% tariff on steel pipe imports from certain Asian countries to protect domestic manufacturers, citing unfair trade practices.
March 2023
This is expected to reduce imports from affected countries while increasing costs for US buyers, potentially shifting trade flows to other suppliers.
New EU regulations under the Green Deal mandate lower carbon emissions in steel production, prompting manufacturers to invest in cleaner technologies.
January 2023
This may increase production costs in the short term but enhance market access for compliant exporters in the long term.
China announced a major domestic infrastructure initiative, increasing demand for large-diameter pipes and reducing export availability.
September 2022
Global supply may tighten, driving up prices and benefiting other exporting countries.