HS Code:
Machined loupe mountings of cast aluminum with polytetrafluoroethylene (PTFE) coating, classified under HS subheading 7616.99.51, are specialized components often used in optical instruments such as magnifying loupes. These mountings are valued for their lightweight, durable aluminum construction and the non-stick, corrosion-resistant properties provided by the PTFE coating. They are primarily utilized in industries such as jewelry making, watchmaking, and precision engineering where magnification tools are essential. Global trade in this niche category reflects demand for precision manufacturing and high-quality materials.
Total Trade Volume
USD 12.5 million
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
Average Rate
5.5%
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for precision tools in jewelry and watchmaking
Increased trade volume as emerging markets invest in high-quality optical equipment
2021-2022
Shift towards sustainable manufacturing practices
Manufacturers adopting eco-friendly aluminum sourcing and PTFE alternatives, influencing cost and supply chain dynamics
2020-2022
Technological advancements in coating applications
Improved durability and performance of PTFE coatings driving preference for coated mountings over traditional materials
2019-2022
The European Union reduced tariffs on specific aluminum products, including machined loupe mountings, to encourage imports and support precision industries.
March 2023
Expected increase in trade volume from non-EU countries like the US and Japan, potentially lowering costs for EU buyers.
A new phase of the US-China trade agreement included provisions to lower anti-dumping duties on niche aluminum products, benefiting exporters of loupe mountings.
January 2023
Likely to boost Chinese exports to the US, increasing competition for domestic manufacturers.
A leading German manufacturer introduced a new PTFE coating process that enhances wear resistance, gaining traction in high-end markets.
September 2022
Strengthens Germany's position as a market leader, potentially raising the quality benchmark for competitors.