HS Code:
The category of metalworking machine tools for grinding or finishing gears (HS Code: 846140) encompasses specialized machinery used in the precision manufacturing of gears. These tools are critical in industries such as automotive, aerospace, and industrial machinery, where gears are essential components. The machines in this category are designed for high-precision grinding and finishing processes to ensure gears meet strict tolerances and performance standards. Global trade in this category reflects the demand for advanced manufacturing technologies and the concentration of industrial production in specific regions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for precision gears in electric vehicles (EVs)
Increased demand for high-precision grinding machines to support EV transmission systems, driving market growth in key manufacturing hubs.
2021-2023
Adoption of automation and Industry 4.0 technologies
Manufacturers are integrating smart technologies into gear grinding machines, leading to higher efficiency and a competitive edge for countries with advanced tech industries.
2020-2022
Shift of manufacturing to Asia-Pacific
Growing industrial production in countries like China and South Korea is increasing regional demand for gear finishing tools, impacting global trade flows.
2019-2023
The European Union introduced updated safety and efficiency standards for imported metalworking machine tools, requiring compliance certifications starting mid-2023.
June 2023
Non-compliant exporters may face market access barriers, while EU manufacturers could gain a competitive advantage.
Ongoing trade disputes have led to additional tariffs on Chinese-made gear grinding machines entering the US market, prompting supply chain diversification.
March 2023
Increased costs for US importers and potential growth opportunities for alternative suppliers like Germany and Japan.
The Japanese government introduced financial incentives for domestic manufacturers of precision machinery, including gear grinding tools, to boost exports.
January 2023
Strengthening Japan's position as a leading exporter, potentially increasing its market share in global trade.