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📦 Of glass

Of glass

HS Code:

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Overview

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

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU Single Market)

Common Restrictions

  • Import quotas in some regions to protect domestic industries
  • Anti-dumping duties on specific glass products from certain countries
  • Quality and safety standards compliance requirements

Market Trends

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

Recent Developments

EU Imposes Anti-Dumping Duties on Chinese Glassware

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.

US Invests in Domestic Glass Recycling Infrastructure

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.

New Free Trade Agreement in Asia-Pacific

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.