HS Code:
The category 'Of a thickness not exceeding 0.01 mm' typically pertains to ultra-thin foils, films, or sheets, often made of metals like aluminum, copper, or other materials used in industries such as electronics, packaging, and manufacturing. These products are critical for applications requiring lightweight, flexible, and high-precision materials, such as in capacitors, batteries, and printed circuit boards.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for ultra-thin materials in electric vehicle batteries
Increased export volumes from countries with advanced manufacturing like Japan and South Korea
2021-2022
Shift toward sustainable and recyclable materials
Growing pressure on manufacturers to adopt eco-friendly production processes, influencing trade policies
2022
Technological advancements in thin-film production
Reduced production costs, making products more competitive and increasing trade volumes
2020-2022
The United States introduced a 10% tariff on Chinese ultra-thin metal foils to combat alleged dumping practices, affecting approximately USD 200 million in imports.
March 2023
Potential shift in market share to other exporters like Japan and South Korea
The EU and Japan agreed to eliminate tariffs on ultra-thin materials under their Economic Partnership Agreement, boosting bilateral trade.
January 2023
Increased trade volume between the two regions, benefiting Japanese exporters
South Korea announced a USD 500 million investment in R&D for ultra-thin materials, aiming to capture a larger share of the global market.
June 2023
Expected to strengthen South Korea's position as a leading exporter in the coming years