HS Code:
The category 'Of a width exceeding 15 cm' under the Harmonized System (HS) Code typically pertains to specific products like textiles, paper, or plastic materials that have a width greater than 15 cm. This category is often used for materials intended for industrial, commercial, or specialized consumer use. The exact classification depends on the material type and further subcategories within the HS system. Products in this category are critical in industries such as packaging, construction, and manufacturing, and are subject to varying trade regulations and tariffs based on material composition and country of origin.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for sustainable materials
Increased trade in eco-friendly or recyclable products within this category, pushing manufacturers to adopt greener production methods.
2021-2022
Shift towards automation in manufacturing
Higher demand for precision-cut materials exceeding 15 cm in width for automated production lines, boosting trade volumes in industrialized nations.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows have been affected by tariffs and sanctions, leading to regional diversification of supply chains.
2022
The European Union introduced a 9% tariff on certain materials exceeding 15 cm in width from select Asian countries to combat perceived dumping practices.
March 2023
Expected to reduce imports from affected countries by 15%, prompting exporters to seek alternative markets.
Revised rules under the USMCA have lowered tariffs to 0% for qualifying products in this category among the US, Mexico, and Canada, fostering regional trade.
January 2023
Trade volume among member countries projected to increase by 10% in 2023.
China announced subsidies for producers of sustainable materials in this category to meet global demand for environmentally friendly products.
June 2023
Likely to strengthen China’s dominance in the market with a projected 5% growth in exports.