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📦 Of articles of subheading 9031.80.40

Of articles of subheading 9031.80.40

HS Code:

📦

Overview

Articles of subheading 9031.80.40 under the Harmonized System (HS) Code refer to specific measuring or checking instruments, appliances, and machines not elsewhere specified or included in heading 9031. This category often includes specialized equipment used for testing and measurement in various industrial and scientific applications, such as electronic testing devices, sensors, and other precision instruments.

Total Trade Volume

USD 2.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements like USMCA and EU-Japan EPA)

Common Restrictions

  • Import quotas in specific regions
  • Technical standards and certification requirements
  • Anti-dumping duties in select markets

Market Trends

Rising demand for precision testing equipment

Increased trade volume due to growth in industries like automotive and electronics manufacturing

2021-2022

Shift towards automation and IoT integration

Higher demand for advanced sensors and connected measurement devices

2020-2022

Supply chain disruptions

Temporary decline in trade volume due to COVID-19-related delays and semiconductor shortages

2020-2021

Recent Developments

US-China Trade Agreement Update

Phase One trade agreement between the US and China included provisions to reduce tariffs on certain precision instruments under HS 9031.80.40.

January 2023

Expected to boost bilateral trade by 10% in this category over the next two years.

EU Green Deal Regulations

New EU regulations under the Green Deal impose stricter environmental standards on imported testing equipment, requiring compliance with energy efficiency norms.

March 2023

Potential increase in compliance costs for exporters to the EU market.

Technological Innovation in Testing Equipment

Introduction of AI-powered measurement devices by leading manufacturers in Japan and Germany, driving demand in high-tech industries.

June 2023

Likely to increase trade volume and shift market share towards innovating countries.