HS Code:
The 'Measuring not over 0.65 m in area' category typically includes precision instruments and devices used for measurement purposes, with a surface area not exceeding 0.65 square meters. This category may encompass products such as small measuring tools, gauges, or electronic devices for industrial, scientific, or commercial use. These products are critical in sectors like manufacturing, construction, and research, where precise measurements are essential. Due to the specialized nature of these products, trade in this category is often influenced by technological advancements, quality standards, and industrial demand.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for digital measuring tools
Increased exports of electronic and IoT-enabled devices, particularly from Japan and Germany, as industries adopt automation.
2021-2022
Shift towards sustainable manufacturing
Manufacturers are focusing on eco-friendly materials and production processes, influencing supply chains and trade preferences.
2022
Rise in industrial automation
Higher demand for precision instruments in emerging markets like China and India, boosting trade volumes.
2020-2022
The European Union introduced stricter certification requirements for imported measuring instruments to ensure compliance with safety and accuracy standards.
March 2023
Potential delays in imports and increased costs for exporters not meeting the new standards.
A revised trade agreement between the US and China reduced tariffs on certain precision instruments, including those in this category.
January 2023
Boosted exports from China to the US, with an expected increase of 10% in trade volume for 2023.
A leading German manufacturer unveiled a new line of ultra-precise digital measuring tools, setting a new industry benchmark.
September 2022
Strengthened Germany's position as a market leader, likely increasing its export share.