HS Code:
The 'Joints' category, often classified under HS Code 8483.60 (which includes clutches and shaft couplings, including universal joints), covers mechanical components used to connect rotating shafts and transmit torque in various machinery and vehicles. These products are critical in industries such as automotive, aerospace, manufacturing, and heavy equipment. Joints ensure the smooth operation of systems by accommodating misalignment and reducing vibration between connected components.
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 2.8 billion
18.4% of total trade of total trade
Stable
USD 2.2 billion
14.5% of total trade of total trade
Increasing
USD 1.9 billion
12.5% of total trade of total trade
Increasing
USD 1.3 billion
8.6% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for high-precision joints in electric vehicles (EVs)
Manufacturers are shifting focus to lightweight and durable materials, boosting trade in specialized joints for EV drivetrains.
2021-2023
Automation and robotics growth in manufacturing
Rising need for universal joints in industrial robots and automated systems, driving exports from tech-heavy economies like Japan and Germany.
2020-2022
Supply chain diversification post-COVID-19
Countries are sourcing joints from multiple regions to avoid disruptions, increasing trade volumes in emerging markets like India and Vietnam.
2021-2023
The European Union introduced anti-dumping tariffs of up to 8.5% on certain types of joints imported from China to protect local manufacturers.
March 2023
This may lead to a shift in sourcing to other Asian countries like South Korea or Taiwan, increasing their market share.
The United States-Mexico-Canada Agreement has reduced tariffs on automotive components, including joints, promoting regional trade.
July 2022
Increased exports from Mexico to the US and Canada, strengthening North American supply chains.
Major manufacturers in Germany and Japan have introduced composite material joints for aerospace and automotive applications, enhancing fuel efficiency.
September 2023
This development is expected to drive demand for high-value joints, benefiting exporters from these countries.