HS Code:
The category 'Measuring not more than 5.25 m² in area (665)' typically includes specific types of measuring instruments or devices that are compact in size, often used in various industries such as construction, manufacturing, and scientific research. These products fall under a specific Harmonized System (HS) code, which facilitates their classification for international trade. This category encompasses items like small-scale measuring tools, sensors, or equipment with a defined surface area limitation. Due to their specialized nature, these products are critical in applications requiring precision and are traded globally based on demand for quality and technological advancement.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increasing demand for precision instruments in automation
Boosts trade volume as industries adopt advanced technologies requiring compact measuring tools
2021-2022
Shift towards digital and IoT-enabled measuring devices
Encourages innovation in product design, increasing exports from tech-savvy nations like Japan and Germany
2020-2022
Rising raw material costs for manufacturing
Increases production costs, potentially slowing trade growth in price-sensitive markets
2022
The European Union introduced stricter regulations for the import of measuring devices under 5.25 m², requiring additional safety and accuracy certifications.
June 2023
May increase compliance costs for exporters but ensures higher quality products in the market.
A bilateral agreement reduced tariffs on certain precision measuring tools, fostering greater trade between the two nations.
March 2023
Expected to boost trade volume by 10% for this category in the next fiscal year.
Japanese manufacturers launched a new line of IoT-enabled compact measuring devices, gaining significant market share in Asia-Pacific.
September 2022
Strengthens Japan's position as a leading exporter in this category.