HS Code:
The category of products with an output exceeding 6.25 kVA but not exceeding 75 kVA (likely under HS Code 8502.11 or related subheadings for electric generating sets and rotary converters) includes medium-capacity power generation equipment such as diesel or gas-powered generators. These products are essential for industrial, commercial, and emergency power supply applications in regions with unreliable electricity grids or for temporary power needs. This category is critical in sectors like construction, healthcare, telecommunications, and manufacturing.
Total Trade Volume
USD 2.8 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
30.4% of total trade of total trade
Increasing
USD 450 million
16.1% of total trade of total trade
Stable
USD 300 million
10.7% of total trade of total trade
Increasing
USD 250 million
8.9% of total trade of total trade
Increasing
USD 200 million
7.1% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for renewable energy integration
Increased use of hybrid generators combining diesel with solar or wind power to meet sustainability goals, boosting trade in innovative models within this power range.
2021-2022
Growth in emerging markets
Higher demand in Africa and Southeast Asia due to infrastructure development and unreliable power grids, driving export growth for manufacturers in China and India.
2020-2022
Supply chain disruptions
Post-COVID-19 supply chain issues and raw material shortages have led to price volatility and delays, affecting trade volumes temporarily.
2021-2022
The European Union introduced stricter emission regulations for diesel generators, requiring manufacturers to adapt designs or face higher compliance costs.
January 2023
Potential increase in production costs for exporters to the EU, possibly shifting trade towards Asian markets with less stringent rules.
Ongoing discussions for a new trade agreement phase may reduce tariffs on industrial equipment, including generators in this category.
October 2023
Could boost Chinese exports to the US, altering global trade patterns and benefiting US importers with lower costs.
Indiaโs โMake in Indiaโ initiative has led to increased domestic production of generators, supported by subsidies and import tariffs.
March 2023
Reduction in import dependency and growth in Indiaโs export share for this category, especially to neighboring countries.