HS Code:
The category 'Of a circular cross-section' typically falls under various HS Codes depending on the material and specific use, often within Chapter 73 (Articles of Iron or Steel) or Chapter 76 (Aluminum and Articles Thereof) of the Harmonized System. This category generally includes products like pipes, tubes, and rods with a circular cross-section, used in industries such as construction, automotive, and energy. These products are critical for infrastructure development, machinery manufacturing, and energy transportation (e.g., oil and gas pipelines). Global trade in this category is influenced by industrial demand, raw material availability, and geopolitical factors affecting steel and aluminum markets.
Total Trade Volume
Approximately $50 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$12.5 billion USD
25% of total trade of total trade
Increasing
$6.8 billion USD
13.6% of total trade of total trade
Stable
$5.2 billion USD
10.4% of total trade of total trade
Increasing
$4.1 billion USD
8.2% of total trade of total trade
Stable
$3.9 billion USD
7.8% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
25% (imposed by certain countries on steel products under anti-dumping measures)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for sustainable materials
Increased focus on recycled steel and aluminum products with circular cross-sections, driven by environmental regulations and green energy projects.
2021-2023
Growth in renewable energy infrastructure
Higher demand for pipes and tubes in wind turbine structures and solar panel frameworks, boosting trade volumes.
2020-2022
Supply chain disruptions
Global shortages of raw materials and shipping delays have led to price volatility and regional trade shifts.
2021-2022
The European Union extended safeguard measures on steel imports, including products of circular cross-section, to protect domestic producers from cheap imports.
July 2023
Potential reduction in import volumes from non-EU countries, redirecting trade flows to other regions.
Negotiations between the US and China have led to a temporary reduction in tariffs on certain steel and aluminum products, including those with circular cross-sections.
March 2023
Increased trade between the two countries, though long-term stability remains uncertain.
Several countries, led by the EU, are implementing carbon border adjustment mechanisms that may affect the trade of energy-intensive products like steel pipes and tubes.
October 2023
Higher costs for exporters from high-emission countries, potentially reshaping trade patterns.