HS Code:
The category of electrical apparatus for a voltage exceeding 1,000 V (HS Code: 8535) includes equipment such as switches, relays, fuses, and other apparatus used for making or breaking electrical circuits, typically in high-voltage industrial and utility applications. This category is critical for power transmission and distribution systems, renewable energy infrastructure, and heavy industrial operations. Products in this category are essential for ensuring safety and efficiency in high-voltage environments.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.1 billion
20.4% of total trade of total trade
Increasing
USD 2.5 billion
16.4% of total trade of total trade
Stable
USD 2.0 billion
13.2% of total trade of total trade
Increasing
USD 1.8 billion
11.8% of total trade of total trade
Stable
USD 1.2 billion
7.9% of total trade of total trade
Decreasing
Average Rate
5.3% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand due to renewable energy projects
Increased trade volume as countries invest in grid infrastructure for wind and solar power integration, driving demand for high-voltage equipment.
2021-2022
Technological advancements in smart grids
Growing market for advanced high-voltage apparatus with digital monitoring capabilities, boosting exports from tech-leading countries like Germany and Japan.
2020-2022
Supply chain disruptions
Delays in production and shipping due to geopolitical tensions and raw material shortages have led to price volatility in the market.
2021-2022
The European Union's Green Deal has accelerated funding for renewable energy infrastructure, increasing demand for high-voltage electrical apparatus.
March 2022
Positive for exporters to the EU market, with a projected 15% growth in imports of this category by 2025.
Ongoing trade disputes have led to additional tariffs on Chinese high-voltage equipment entering the US market, prompting supply chain diversification.
September 2022
Negative for Chinese exporters; potential opportunities for alternative suppliers like Germany and Japan.
The shortage of semiconductors has affected the production of advanced high-voltage equipment with digital components, leading to supply constraints.
January 2022
Increased costs and delayed deliveries, affecting global trade flows in this category.