HS Code:
Microwave ovens with integral range hoods, designed for domestic use, with an oven capacity between 48 and 49 liters, featuring a glass turntable plate with a diameter between 30 and 31 cm, and a door with an exterior metal handle. These products fall under HS Code 8516.50.00, which covers electric microwave ovens for household use. This category is significant in the home appliance sector due to the growing demand for compact, multifunctional kitchen appliances in urban households.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU trade deals)
Rising demand for smart kitchen appliances
Increased integration of IoT features in microwave ovens, driving demand in developed markets like North America and Europe.
2021-2022
Shift towards compact and multifunctional appliances
Growing urbanization and smaller living spaces boost demand for microwave ovens with integrated range hoods, particularly in Asia-Pacific.
2020-2022
Sustainability and energy efficiency focus
Manufacturers are adopting energy-efficient designs to comply with stricter regulations, influencing production costs and pricing.
2022
The United States extended Section 301 tariffs on Chinese-made microwave ovens, citing unfair trade practices, impacting import costs.
March 2023
Increased retail prices in the US market and potential shift of supply chains to other Southeast Asian countries.
The European Union introduced stricter energy efficiency labeling for household appliances, including microwave ovens, to promote sustainability.
January 2023
Manufacturers face higher compliance costs but gain consumer trust through eco-friendly certifications.
Major South Korean manufacturers launched new models with AI-based cooking features, targeting premium markets globally.
June 2023
Strengthened South Korea's position as a leader in high-tech kitchen appliances, potentially increasing export volumes.