HS Code:
Die casting machines, classified under HS Code 8454.30, are specialized machinery used in the manufacturing process to produce metal parts by forcing molten metal into a mold cavity under high pressure. These machines are critical in industries such as automotive, aerospace, and consumer electronics for producing high-precision components. The global trade of die casting machines reflects the demand for industrial automation and efficient manufacturing processes, particularly in emerging economies with growing industrial sectors.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Increasing automation in manufacturing
Rising demand for advanced die casting machines with IoT and AI integration to improve efficiency and reduce labor costs.
2021-2023
Growth in electric vehicle (EV) production
Higher demand for lightweight, high-strength components, driving the need for die casting machines in automotive manufacturing.
2022-2023
Shift toward sustainable manufacturing
Manufacturers are adopting energy-efficient die casting machines to meet environmental regulations and reduce carbon footprints.
2020-2023
China has significantly increased its export of die casting machines, supported by government subsidies and competitive pricing strategies, capturing a larger share of the global market.
Mid-2022
Increased competition for traditional exporters like Japan and Germany, potentially leading to price wars and innovation races.
The European Union introduced new safety and environmental standards for imported industrial machinery, including die casting machines, to ensure compliance with sustainability goals.
January 2023
Exporters to the EU market must adapt to higher compliance costs, potentially affecting trade volumes from non-compliant regions.
Ongoing trade disputes have led to higher tariffs on Chinese die casting machines imported into the United States, prompting US buyers to explore alternative suppliers.
Late 2022
Diversification of supply chains, with countries like Japan and Germany potentially gaining market share in the US.