HS Code:
The 'Imported with coupling' category, often associated with machinery or mechanical components under various HS Codes (e.g., 8483.60 for clutches and shaft couplings), includes products designed for connecting two shafts together for the transmission of power or motion. These components are critical in industries such as automotive, manufacturing, and heavy machinery, ensuring efficient mechanical operations. This category encompasses a wide range of couplings like flexible, rigid, and fluid couplings, catering to diverse industrial needs globally.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
22.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.3 billion
10.4% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for flexible couplings
Driven by growth in renewable energy sectors like wind turbines, increasing imports by 15% annually in key markets.
2021-2022
Shift towards automation
Increased need for precision couplings in robotics and automated machinery, boosting trade in high-tech manufacturing hubs.
2020-2022
Supply chain diversification
Post-COVID-19, importers are sourcing from multiple regions to mitigate risks, impacting traditional trade dominance of single countries.
2021-2023
The European Union introduced stricter environmental and safety standards for imported couplings, requiring compliance with updated ISO norms.
March 2023
Potential delays for non-compliant exporters and increased costs for certification, affecting smaller suppliers.
Recent negotiations have reduced tariffs on mechanical components, including couplings, from 7.5% to 4% under Phase One trade deal revisions.
January 2023
Boosts Chinese exports to the US, potentially increasing market share by 5-8% in 2023.
Indiaโs 'Make in India' initiative offers subsidies for local coupling production, reducing reliance on imports.
September 2022
May decrease import volumes by 10% over the next 3 years as domestic production scales up.