HS Code:
Ignition coils (HS Code: 851130) are critical components in internal combustion engines, used to transform low voltage from a battery into the high voltage needed to ignite the fuel-air mixture in the engine's cylinders. They are essential for automotive and other machinery applications. The global trade of ignition coils reflects the demand in the automotive industry, particularly with the rise of electric and hybrid vehicles impacting traditional ignition coil markets.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.1 billion
21.2% of total trade of total trade
Increasing
USD 950 million
18.3% of total trade of total trade
Stable
USD 800 million
15.4% of total trade of total trade
Increasing
USD 700 million
13.5% of total trade of total trade
Stable
USD 450 million
8.7% of total trade of total trade
Increasing
Average Rate
5.8%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards electric vehicles (EVs)
Reduced demand for traditional ignition coils in favor of EV components, prompting manufacturers to diversify product lines.
2021-2022
Increased production in Asia-Pacific
Lower manufacturing costs and growing automotive markets in China and India are driving higher export volumes from the region.
2020-2022
Technological advancements in ignition systems
Development of more efficient and durable ignition coils to meet stricter emission standards is boosting demand for premium products.
2019-2022
The European Union introduced stricter emission regulations, requiring advanced ignition systems in new vehicles, impacting ignition coil designs.
January 2023
Increased demand for high-performance ignition coils in the European market, benefiting manufacturers with innovative technologies.
A new trade agreement reduced tariffs on automotive components, including ignition coils, between the US and China.
March 2023
Facilitated increased exports from China to the US, potentially lowering costs for US consumers but challenging domestic producers.
A leading ignition coil manufacturer announced a new facility in Vietnam to cater to the growing Southeast Asian automotive market.
June 2023
Expected to shift some trade flows towards Vietnam, diversifying supply chains and reducing dependency on traditional manufacturing hubs.