HS Code:
Hydraulic fluid power pumps, classified under HS Code 8413.60, are mechanical devices used to convert mechanical power into hydraulic energy. These pumps are essential components in various industrial applications, including construction machinery, manufacturing equipment, and automotive systems. They operate by creating flow in a hydraulic system, enabling the transmission of power through pressurized fluid. The category includes gear pumps, vane pumps, and piston pumps, each suited for specific pressure and flow requirements. Global trade in hydraulic fluid power pumps is driven by demand in industries such as construction, agriculture, and aerospace, with significant production and consumption in industrialized and emerging economies.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
22.4% of total trade of total trade
Increasing
USD 2.3 billion
18.4% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
4.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Growing demand for energy-efficient hydraulic pumps
Manufacturers are investing in R&D to develop pumps with lower energy consumption, driving market innovation and competition.
2021-2023
Increased adoption in renewable energy applications
Hydraulic pumps are increasingly used in wind and hydroelectric power systems, expanding market opportunities in green energy sectors.
2020-2022
Shift towards automation and Industry 4.0
Integration of smart technologies in hydraulic systems is boosting demand for advanced pumps with IoT capabilities, particularly in developed markets.
2019-2023
The European Union introduced stricter environmental regulations for hydraulic pump manufacturing, focusing on reducing carbon footprints and improving recyclability.
June 2023
Manufacturers may face higher production costs, potentially increasing prices in the short term, but fostering sustainable practices in the long term.
A recent amendment to the US-China trade agreement reduced tariffs on hydraulic fluid power pumps, facilitating smoother trade between the two largest markets.
March 2023
This is expected to boost export volumes from China to the US, benefiting Chinese manufacturers and US consumers with lower prices.
A leading German manufacturer unveiled a new line of hydraulic pumps with 20% higher energy efficiency, setting a new industry benchmark.
January 2023
This innovation could shift market share towards European manufacturers and pressure competitors to accelerate their R&D efforts.