HS Code:
The 'Manual type' category, often associated with hand-operated tools and machinery under various HS Codes (e.g., HS 8205 for hand tools), encompasses products that require manual operation without the use of power sources like electricity or fuel. These include tools such as hammers, screwdrivers, wrenches, and manually operated equipment used in industries like construction, agriculture, and manufacturing. This category is critical for small-scale operations and regions with limited access to powered machinery, playing a significant role in global trade due to its accessibility and low cost.
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 2.1 billion
13.7% of total trade of total trade
Stable
USD 1.9 billion
12.4% of total trade of total trade
Increasing
USD 1.2 billion
7.8% of total trade of total trade
Increasing
USD 0.9 billion
5.9% 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-USMCA)
Rising demand in developing economies
Increased exports to regions like Africa and Southeast Asia due to infrastructure development and limited access to powered tools.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials and production processes to meet global sustainability standards, influencing cost and market preferences.
2020-2022
Impact of supply chain disruptions
Post-COVID-19 supply chain issues have led to increased production costs and delays, affecting trade volumes temporarily.
2020-2021
The European Union introduced anti-dumping tariffs ranging from 7% to 12% on specific manual tools from China to protect domestic manufacturers.
March 2023
This may lead to a shift in market share towards other exporters like Taiwan and India in the EU market.
Under the USMCA, tariffs on manual tools between the US, Canada, and Mexico have been reduced to 0%, boosting trade within North America.
July 2020 (ongoing impact in 2023)
Increased trade volume among member countries, with the US seeing a 5% rise in imports from Mexico.
India's 'Make in India' initiative has introduced incentives for local production of manual tools, alongside higher tariffs on imports.
January 2022
Reduced imports by 3% in 2022, while domestic production and exports have seen a steady rise.