HS Code:
The category 'Having an outside diameter exceeding 406.4 mm' typically falls under HS Code 7305 or 7306, which includes large-diameter steel pipes and tubes, often used in industries such as oil and gas, construction, and infrastructure for transporting fluids or structural applications. These products are critical for pipelines and heavy-duty industrial projects due to their durability and capacity to handle high-pressure environments.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
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 like EU-Japan EPA or USMCA)
Rising demand for energy infrastructure
Increased global demand for large-diameter pipes due to oil and gas pipeline projects, especially in the Middle East and North America.
2021-2023
Shift towards sustainable materials
Growing interest in corrosion-resistant and eco-friendly coatings for steel pipes to extend lifespan and reduce environmental impact.
2022-2023
Supply chain disruptions
Delays and cost increases due to raw material shortages and geopolitical tensions affecting steel production and trade.
2020-2022
The United States introduced additional anti-dumping duties on large-diameter steel pipes from China to protect domestic manufacturers.
March 2023
Likely to reduce Chinese exports to the US, redirecting trade to other markets like Southeast Asia.
The European Union announced incentives for sustainable steel production, encouraging manufacturers to adopt greener technologies for pipe production.
July 2023
Potential increase in production costs but improved market access for compliant exporters.
A new cross-border gas pipeline project was approved, boosting demand for large-diameter pipes in the region.
September 2023
Significant growth opportunities for exporters targeting Middle Eastern markets.