HS Code:
The category 'Machines for opening, filling, and closing bags' falls under HS Code 8422.30, which includes machinery used for filling, closing, sealing, or labeling bottles, cans, boxes, bags, or other containers. These machines are critical in industries such as food and beverage, pharmaceuticals, and consumer goods for automating packaging processes. This equipment enhances efficiency, ensures product safety, and meets high-speed production demands. The global trade of these machines reflects the growing need for automation in manufacturing and packaging sectors worldwide.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
26.6% of total trade of total trade
Increasing
USD 620 million
19.4% of total trade of total trade
Stable
USD 480 million
15.0% of total trade of total trade
Increasing
USD 310 million
9.7% of total trade of total trade
Stable
USD 280 million
8.8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for automation
Increased adoption of advanced packaging machinery in emerging markets drives trade growth, particularly in Asia-Pacific and Latin America.
2022
Sustainability focus
Growing emphasis on eco-friendly packaging solutions pushes manufacturers to innovate machines compatible with biodegradable materials.
2021-2023
Technological advancements
Integration of IoT and AI in packaging machines enhances operational efficiency, influencing demand for high-tech equipment from developed markets.
2020-2022
The European Union reduced tariffs on imported packaging machinery under the EU-Japan Economic Partnership Agreement, facilitating trade with Japan.
January 2023
Increased imports of Japanese machinery into the EU, boosting market competition and lowering costs for European manufacturers.
Ongoing trade disputes have led to additional tariffs on Chinese-made packaging machinery entering the US market, prompting US buyers to seek alternatives from Europe.
Mid-2022
Shift in trade patterns with higher demand for European machinery in the US, while Chinese exporters face reduced market share.
A major trade fair showcased next-generation bag filling and closing machines, highlighting innovations in robotics and sustainability.
September 2023
Increased visibility for German and Italian manufacturers, likely to spur export growth in the coming year.