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📦 Measuring not more than 5.25 m2 in area (665)

Measuring not more than 5.25 m<sup>2</sup> in area (665)

HS Code:

📦

Overview

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

Tariff Analysis

Average Rate

5.5%

Highest Rate

12% (imposed by certain developing economies)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific regions to protect domestic industries
  • Technical standards and certification requirements
  • Anti-dumping duties in cases of unfair pricing
  • Customs documentation for precision equipment classification

Market Trends

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

Recent Developments

EU Updates Standards for Measuring Devices

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.

US-China Trade Agreement on Tech Products

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.

Japan's Innovation in Compact Sensors

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.