HS Code:
The 'Measuring less than 5 mm in thickness' category, often associated with products like thin metal sheets, foils, or films (specific HS Codes may fall under chapters like 72 for iron/steel or 76 for aluminum), includes materials used across industries such as manufacturing, electronics, packaging, and construction. These products are critical for applications requiring lightweight, flexible, or precise materials. Global trade in this category is driven by industrial demand, technological advancements, and raw material availability.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.3%
Highest Rate
12% (applied by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for thin materials in electronics
Increased trade volume due to the growth of consumer electronics and electric vehicle battery production.
2021-2022
Shift towards sustainable materials
Growing preference for recyclable or eco-friendly thin films and foils, influencing supplier selection and trade routes.
2020-2022
Supply chain disruptions
COVID-19 and geopolitical tensions have led to delays and increased costs, prompting regional sourcing strategies.
2020-2021
The European Union introduced anti-dumping tariffs ranging from 8% to 12% on thin steel imports from China to protect local manufacturers.
March 2023
Potential shift in trade flows towards other exporters like South Korea and Japan.
The USMCA agreement has reduced tariffs on thin metal products among the US, Canada, and Mexico, fostering regional trade.
January 2023
Increased trade volume within North America, reducing dependency on Asian imports.
New manufacturing techniques have lowered production costs for thin materials, making them more competitive in global markets.
September 2022
Enhanced export potential for technologically advanced countries like Japan and Germany.