HS Code:
The 'Of glass' category, typically classified under HS Code 70, encompasses a wide range of glass products including glassware, glass containers, flat glass, safety glass, and other articles made of glass. This category is vital for various industries such as construction, automotive, packaging, and household goods. Global trade in glass products is influenced by factors like raw material availability, manufacturing capabilities, and demand for sustainable and recyclable materials.
Total Trade Volume
USD 75 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 EU Single Market)
Rising demand for sustainable glass packaging
Increased trade in recyclable glass containers due to environmental regulations and consumer preferences for eco-friendly materials.
2021-2022
Technological advancements in glass manufacturing
Growth in exports of high-value glass products like tempered and laminated glass for automotive and construction sectors.
2020-2022
Shift towards energy-efficient glass
Boost in trade for low-emissivity (Low-E) glass used in green buildings, driven by global energy efficiency mandates.
2019-2022
The European Union imposed provisional anti-dumping duties on certain glassware imports from China to protect local manufacturers from unfairly priced products.
March 2023
Potential reduction in Chinese glassware exports to the EU, with opportunities for other exporters to fill the gap.
The US government announced funding to enhance glass recycling facilities, aiming to reduce reliance on imported glass materials.
June 2023
Likely to decrease glass imports in the long term while boosting domestic production and sustainability.
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on glass products among member countries, facilitating easier trade.
January 2023
Increased trade volume of glass products within Asia-Pacific, especially benefiting exporters like China and Japan.