HS Code:
The 'Not cut to shape' category under the Harmonized System (HS) Code typically refers to materials such as glass, stone, or other raw materials that have not been processed or shaped into specific forms for final use. This category includes products in their raw or semi-processed state, often used as inputs for further manufacturing or construction. These materials are crucial in industries such as construction, automotive, and technology, where they are shaped and refined into final products. Trade in this category is driven by the availability of raw materials in certain regions, manufacturing capabilities, and global demand for construction and industrial goods.
Total Trade Volume
USD 15.7 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU internal trade)
Rising demand for sustainable materials
Increased trade in eco-friendly or recycled raw materials, pushing exporters to adopt greener extraction and production methods.
2021-2022
Growth in construction sector in Asia-Pacific
Significant increase in demand for raw materials like glass and stone, boosting exports from countries like China and India.
2020-2022
Technological advancements in material processing
Enhanced efficiency in downstream industries has increased the demand for high-quality raw materials, benefiting exporters with advanced extraction technologies.
2019-2022
The European Union introduced stricter environmental regulations on the import of raw materials, focusing on sustainable sourcing and reduced carbon footprints.
March 2023
Exporters to the EU market may face higher compliance costs, potentially shifting trade flows to less regulated markets.
A revised trade agreement between the US and China reduced tariffs on certain raw materials under the 'Not cut to shape' category, facilitating smoother trade.
January 2023
Increased exports from China to the US, potentially affecting domestic suppliers in the US market.
India introduced a new export incentive scheme to boost the trade of raw materials, including those in the 'Not cut to shape' category, to support its manufacturing sector.
September 2022
Enhanced competitiveness of Indian exporters, leading to a rise in trade volume and market share.