HS Code:
The 'Less than 746 W' category typically refers to electric motors and generators with an output not exceeding 746 watts, often classified under HS Code 8501.10 or related subcategories. These products are widely used in household appliances, small industrial tools, automotive components, and various electronic devices. This category is critical in global trade due to the growing demand for energy-efficient and compact electrical equipment across industries.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient motors
Increased production and export of low-wattage motors for eco-friendly appliances and electric vehicles, driving market growth by 8% annually.
2022
Shift towards automation and IoT integration
Growing incorporation of small motors in smart devices and automated systems, boosting trade volumes in tech-driven economies.
2021-2022
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price hikes in key exporting countries, impacting trade flows by up to 5% in affected regions.
2022
The European Union introduced stricter energy efficiency standards under the Green Deal, mandating compliance for imported motors under 746 W.
January 2023
Increased production costs for non-compliant exporters, potentially shifting trade advantages to EU-based manufacturers.
A new phase of the US-China trade agreement reduced tariffs on small electric motors, benefiting Chinese exporters in the US market.
March 2023
Expected 10% growth in Chinese exports to the US for this category over the next year.
Japan announced a USD 500 million investment in R&D for micro-motors under 746 W, aiming to capture a larger share of the IoT and robotics market.
June 2023
Likely to strengthen Japan’s position as a key exporter, with potential for increased trade volume by 2024.