HS Code:
The category 'Of a maximum width exceeding 70 centimeters' typically refers to specific products under the Harmonized System (HS) code related to materials or goods such as fabrics, paper, or metal sheets that have a width greater than 70 cm. This category is often used in industries like textiles, packaging, and manufacturing. Products in this group are critical for large-scale industrial applications, construction, and commercial printing. Due to the broad nature of this description, it may fall under various HS chapters (e.g., Chapter 48 for paper or Chapter 59 for textiles), depending on the material. Trade in this category is influenced by industrial demand, raw material availability, and regional manufacturing capabilities.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Increased demand for sustainable materials
Shift towards eco-friendly production processes and biodegradable materials has boosted trade in certified sustainable products, especially in Europe and North America.
2021-2022
Rise in industrial automation
Higher demand for wide-width materials in automated manufacturing and packaging industries, particularly in Asia-Pacific regions.
2020-2022
Fluctuations in raw material costs
Volatility in prices of pulp, cotton, or metals has affected production costs and trade margins, leading to supply chain adjustments.
2022
The European Union introduced new tariff regulations targeting non-sustainable wide-width materials, aiming to reduce carbon footprints in industrial supply chains.
March 2023
Increased costs for exporters from non-compliant regions, while benefiting producers with green certifications.
A revised trade agreement between the US and China reduced tariffs on certain industrial materials, including products in this category, to ease supply chain tensions.
January 2023
Boosted trade volumes between the two countries, with a projected 5% increase in exports from China to the US.
Ongoing disruptions due to geopolitical tensions and port congestion have delayed shipments of wide-width materials, particularly affecting the Asia-Europe trade corridor.
October 2022
Increased lead times and costs for importers, prompting a shift towards regional sourcing.