HS Code:
The category 'Of an output not exceeding 750 W' typically refers to electrical motors and generators under HS Code 8501.31 or similar subcategories. This includes small-scale electric motors used in household appliances, power tools, automotive components, and industrial equipment. These products are critical in various applications due to their compact size and energy efficiency. Global trade in this category is driven by demand in manufacturing, automotive, and consumer electronics sectors, with significant production concentrated in countries with strong industrial bases.
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 0.8 billion
6.4% of total trade of total trade
Increasing
Average Rate
4.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for energy-efficient motors
Increased trade in eco-friendly and low-energy consumption motors due to global sustainability goals.
2021-2022
Rise of electric vehicle (EV) production
Significant boost in demand for small motors used in EV components, driving trade volume growth.
2020-2022
Automation in manufacturing
Higher imports of small motors for robotics and automated machinery, especially in developed economies.
2019-2022
Phase One trade deal reduced tariffs on certain electrical machinery, including motors under 750 W, fostering increased exports from China to the US.
January 2022
Positive impact on trade volume between the two countries, with a projected 10% increase in exports.
New EU regulations under the Green Deal mandate stricter energy efficiency standards for imported motors, requiring compliance with updated directives.
July 2022
Potential short-term trade disruptions for non-compliant exporters, but long-term growth for sustainable manufacturers.
Ongoing global supply chain issues, including semiconductor shortages, have impacted the production and trade of small motors reliant on electronic components.
Mid-2022
Temporary reduction in trade volume by 5-7% in key markets like the US and EU.