HS Code:
The category 'Having an outside diameter exceeding 114.3 mm but not exceeding 406.4 mm' typically falls under HS Code 7306, which pertains to other tubes, pipes, and hollow profiles of iron or steel. This category includes welded, riveted, or similarly closed pipes used in various industrial applications such as construction, oil and gas transportation, and infrastructure projects. These products are critical components in large-scale engineering and structural works due to their durability and capacity to withstand high pressure and extreme conditions.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU and NAFTA/USMCA)
Increased demand for energy infrastructure
Growing investments in oil and gas pipelines globally are driving demand for large-diameter steel pipes, particularly in the Middle East and North America.
2022
Shift towards sustainable materials
Manufacturers are under pressure to adopt eco-friendly production processes and recyclable materials, influencing cost structures and market competitiveness.
2021
Technological advancements in welding
Innovations in welding techniques are improving the quality and durability of pipes, leading to higher adoption in critical applications.
2020
The United States introduced additional tariffs on Chinese steel pipe imports citing unfair trade practices and dumping concerns.
March 2023
This is expected to increase costs for US importers and may shift demand to other suppliers like South Korea and India.
The European Union's Green Deal policies are enforcing stricter environmental regulations on steel pipe manufacturers, pushing for lower carbon emissions.
January 2023
European producers may face higher production costs, potentially reducing competitiveness against Asian exporters.
Several large-scale pipeline projects were announced in the Middle East, particularly in Saudi Arabia and UAE, to support energy export capacities.
October 2022
This is anticipated to boost demand for large-diameter steel pipes, benefiting major exporters like China and Germany.