HS Code:
The 'Having copper on both sides' category, typically classified under HS Code 7410.11 or related subcategories, refers to copper foil backed with a substrate or having copper on both sides, often used in electronics, printed circuit boards (PCBs), and industrial applications. This category includes products like copper-clad laminates (CCL) which are critical for manufacturing electronic components. These materials are valued for their conductivity, durability, and thermal resistance, making them indispensable in modern technology and telecommunications industries.
Total Trade Volume
Approximately $12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$4.8 billion USD
38.4% of total trade of total trade
Increasing
$2.1 billion USD
16.8% of total trade of total trade
Increasing
$1.9 billion USD
15.2% of total trade of total trade
Stable
$1.3 billion USD
10.4% of total trade of total trade
Increasing
$0.9 billion USD
7.2% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements like USMCA or EU-Japan EPA)
Rising demand for copper-clad laminates in 5G technology
Increased production and export from Asian countries to meet global telecom infrastructure needs
2021-2023
Shift toward sustainable and recyclable materials
Pressure on manufacturers to adopt eco-friendly production methods, influencing cost structures and trade policies
2022-2023
Supply chain disruptions due to geopolitical tensions
Shortages of raw copper and price volatility impacting trade volumes and costs
2020-2022
A new phase of negotiations reduced tariffs on copper-based electronic components, including those with copper on both sides, to stabilize supply chains for tech industries.
March 2023
Expected to boost US imports from China by 10-15% in the short term, benefiting electronics manufacturers.
The EU introduced stricter environmental standards for copper processing, affecting imports of copper-clad materials.
July 2023
Non-compliant exporters may face higher costs or market access barriers, pushing innovation in green production.
South Korea announced a $2 billion investment in domestic PCB and copper foil production to reduce reliance on imports.
September 2023
Likely to increase South Korea's export capacity and competitiveness in the global market over the next 3-5 years.