HS Code:
The category 'Of a power less than 500 W' typically refers to electrical machinery or equipment, such as motors, generators, or other devices with a power output below 500 watts. This category falls under the Harmonized System (HS) Code structure, often within Chapter 85 (Electrical machinery and equipment). These products are widely used in household appliances, small industrial tools, and electronic devices, making them critical components in various sectors. The global trade of these products is influenced by technological advancements, energy efficiency standards, and manufacturing costs.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
38.4% of total trade of total trade
Increasing
USD 1.9 billion
15.2% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
4.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient devices
Increased production of low-power, eco-friendly motors and equipment, driving trade growth in regions with strict environmental regulations like the EU.
2021-2022
Shift in manufacturing to Asia-Pacific
Lower production costs in countries like China and Vietnam have led to a higher export share from the region, impacting traditional exporters like Germany.
2020-2022
Integration of IoT in low-power devices
Growing incorporation of smart technology in devices under 500 W has boosted demand, particularly in the consumer electronics sector.
2022
A new phase of the US-China trade agreement has reduced tariffs on certain electrical machinery categories, including products under 500 W, to promote bilateral trade.
March 2023
Expected to increase Chinese exports to the US by 10-15% in this category over the next year.
The EU has introduced stricter energy efficiency standards for electrical equipment under the Green Deal, affecting imports of low-power devices.
January 2023
Non-compliant products face higher tariffs or market entry barriers, pushing manufacturers to adapt to new standards.
South Korea announced a USD 500 million investment in smart, low-power device manufacturing to strengthen its position in the global market.
June 2023
Likely to boost South Korea's export share in this category, particularly in IoT-integrated devices.