HS Code:
The category of products with a power output of 149.2 kW or more but not exceeding 150 kW typically falls under specific HS Codes related to machinery or engines, such as diesel engines or electric motors (e.g., HS Code 8501.33 for electric motors and generators with output between these ranges). This niche category is often associated with industrial applications, including manufacturing equipment, heavy machinery, and power generation systems. These products are critical for industries requiring precise power outputs for operational efficiency.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient machinery
Increased trade volume as industries shift towards sustainable equipment with precise power outputs
2021-2022
Growth in renewable energy projects
Higher demand for specific motors and generators in wind and solar applications
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary decline in trade volumes and increased costs due to logistics challenges
2022
The European Union introduced new emission regulations for industrial machinery, affecting the import of motors and engines in this power range.
March 2023
Potential increase in compliance costs for exporters but also opportunities for manufacturers of eco-friendly equipment.
A revised trade agreement reduced tariffs on industrial machinery, including products in the 149.2-150 kW range, fostering increased bilateral trade.
January 2023
Boost in trade volume between the two countries, benefiting exporters and lowering costs for importers.
Japan announced subsidies for renewable energy equipment, driving demand for specialized motors in this power category.
June 2022
Significant rise in exports from Japan and increased competition among global suppliers.