HS Code:
The 'Measuring not over 50 mm in width or diameter' category typically includes precision measuring instruments such as calipers, micrometers, and gauges with dimensions not exceeding 50 mm in width or diameter. These tools are essential in industries like manufacturing, engineering, and construction for ensuring accuracy in measurements. This category falls under the Harmonized System (HS) Code structure, likely within Chapter 90 (Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus). Global trade in this category is driven by demand for high-precision tools in industrial applications, with significant contributions from both developed and emerging economies.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 180 million
15% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased demand for digital measuring tools
Shift towards electronic calipers and micrometers with digital displays is driving innovation and higher trade volumes, especially in markets like the US and EU.
2021-2022
Growth in manufacturing in Asia-Pacific
Rising industrial activities in countries like China and India are boosting demand for affordable measuring instruments, increasing export volumes from these regions.
2020-2022
Sustainability focus in production
Manufacturers are adopting eco-friendly materials and processes, influencing trade patterns as buyers prioritize sustainable suppliers, especially in Europe.
2022
The European Union introduced stricter certification requirements for precision measuring tools to ensure safety and accuracy, affecting exporters from non-EU countries.
January 2023
Non-EU exporters, particularly from China, may face higher compliance costs, potentially reducing their market share in the short term.
A new phase of the US-China trade agreement reduced tariffs on certain precision instruments, including those in this category, fostering increased bilateral trade.
March 2023
This development is expected to boost imports of Chinese measuring tools into the US, benefiting manufacturers and consumers with lower costs.
Japanese manufacturers unveiled new lightweight, high-precision digital calipers, gaining traction in global markets due to their enhanced accuracy and portability.
July 2023
This innovation strengthens Japan's position as a leader in the high-end segment of this category, likely increasing export volumes.