HS Code:
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
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)
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
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.
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.
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.