HS Code:
The category 'Having an outside diameter not exceeding 168.3 mm' typically falls under HS Code 7306, which pertains to tubes, pipes, and hollow profiles of iron or steel. This specific subcategory focuses on smaller diameter pipes often used in construction, automotive, and industrial applications for transporting fluids or as structural components. The products in this category are critical for infrastructure development and manufacturing processes globally.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Increased demand for small-diameter steel pipes in renewable energy projects
Growing use in solar panel frameworks and wind turbine structures is boosting trade volumes, particularly in Europe and North America.
2022
Shift towards sustainable production methods
Manufacturers are adopting low-carbon steel production to meet environmental regulations, influencing cost structures and trade competitiveness.
2021-2022
Rising raw material costs
Fluctuations in iron ore and steel prices are impacting profit margins and export pricing strategies, especially for Asian exporters.
2022
The United States introduced a 10% tariff on certain steel pipe imports from non-USMCA countries to protect domestic producers.
March 2023
This is likely to reduce imports from China and redirect trade flows towards USMCA partners like Mexico and Canada.
The European Union launched a policy to incentivize low-carbon steel production, affecting the import of non-compliant steel products including small-diameter pipes.
July 2023
Exporters must adapt to stricter environmental standards to maintain market access in the EU, potentially increasing production costs.
China reported a 15% increase in exports of steel pipes under 168.3 mm diameter due to global infrastructure recovery demands.
January 2023
This has intensified competition in markets like Southeast Asia and Africa, pressuring local producers in these regions.