HS Code:
Subheading 9014.80.50 of the Harmonized System (HS) Code covers 'Other instruments and appliances for navigational purposes, not specified or included elsewhere in this chapter.' This category includes specialized navigation equipment and devices used primarily in marine and aeronautical applications, excluding compasses and other instruments classified under different subheadings. These products are critical for ensuring accurate navigation and safety in transportation industries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US agreements)
Increased demand for advanced navigation systems
Driven by growth in autonomous shipping and aviation sectors, leading to higher trade volumes.
2021-2022
Shift towards digital and satellite-based navigation tools
Reduction in demand for traditional equipment, pushing manufacturers to innovate.
2020-2022
Rising focus on environmental sustainability
Increased adoption of energy-efficient navigation devices to comply with international regulations.
2022
The European Union introduced stricter safety and environmental standards for navigation equipment under HS 9014.80.50, requiring manufacturers to adapt to new certification processes.
June 2023
Potential short-term increase in compliance costs but long-term improvement in product quality and market access.
A recent bilateral agreement reduced tariffs on navigation instruments, boosting trade between the two countries.
March 2023
Expected increase in export volumes from China to the US by 15% over the next year.
A leading Japanese firm unveiled a new AI-powered navigation system, significantly improving accuracy and efficiency.
September 2023
Likely to drive demand for Japanese products in this category, influencing global market shares.