HS Code:
The Leadless category, often associated with electronic components such as leadless chip carriers or lead-free soldering materials (commonly under HS Code 8542 for electronic integrated circuits or related categories), refers to products designed without lead to comply with environmental regulations like RoHS (Restriction of Hazardous Substances). These components are critical in industries such as electronics, automotive, and telecommunications, where miniaturization and environmental safety are priorities. The global trade of leadless products has grown due to increasing demand for sustainable and high-performance electronic devices.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
31.4% of total trade of total trade
Increasing
USD 2.9 billion
19.0% of total trade of total trade
Stable
USD 1.7 billion
11.1% of total trade of total trade
Increasing
USD 1.5 billion
9.8% of total trade of total trade
Stable
USD 1.2 billion
7.8% of total trade of total trade
Decreasing
Average Rate
3.5%
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0.0% (under free trade agreements like EU-USMCA)
Rising demand for lead-free electronics due to environmental regulations
Increased production and trade in regions with strict compliance laws like the EU, driving innovation in leadless technologies
2021-2022
Growth in automotive electronics sector
Higher demand for leadless components in electric vehicles (EVs) and autonomous driving systems, boosting trade volumes in Asia-Pacific
2022
Supply chain disruptions due to semiconductor shortages
Temporary reduction in export capacity from key producers like China and South Korea, affecting global availability
2021-2022
The European Union introduced stricter guidelines for lead-free components, mandating additional testing and certification for imports starting mid-2023.
June 2023
Increased compliance costs for exporters to the EU but improved market access for certified manufacturers.
A bilateral agreement reduced tariffs on certain electronic components, including leadless products, to stabilize supply chains amidst global shortages.
March 2023
Boosted trade volumes between the two largest markets, potentially lowering costs for consumers.
Major South Korean semiconductor companies announced investments in leadless technology to meet growing demand in the EV and 5G sectors.
September 2022
Expected to increase South Korea’s export share in the global leadless market over the next 3-5 years.