HS Code:
The category of 'Other mowers, harvesting machines, and threshing machines' (HS Code: 8433.59) includes a variety of agricultural machinery used for mowing, harvesting crops, and threshing grains. This category encompasses equipment beyond standard lawn mowers, such as combine harvesters, forage harvesters, and other specialized machinery essential for modern agriculture. These machines are critical for increasing efficiency and productivity in farming operations worldwide, particularly in large-scale agricultural 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 1.5 billion
12.0% 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
5.2%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like the EU Single Market or USMCA)
Increased adoption of precision agriculture technologies
Growing demand for advanced harvesting machines with integrated GPS and IoT for optimized farming, particularly in North America and Europe
2022
Shift towards sustainable and energy-efficient machinery
Manufacturers are focusing on electric and hybrid models to meet environmental regulations, influencing trade patterns in developed markets
2021-2022
Rising mechanization in developing economies
Increased imports of affordable threshing and harvesting machines in regions like South Asia and Sub-Saharan Africa to boost agricultural productivity
2020-2022
The European Union introduced new regulations requiring lower emissions from harvesting and threshing machines, pushing manufacturers to innovate.
January 2023
This is expected to increase production costs for manufacturers but also drive demand for eco-friendly machinery in the EU market.
A bilateral agreement reduced tariffs on certain agricultural machinery, including harvesting equipment, to promote trade between the two countries.
March 2022
This has led to a surge in exports of US-made machinery to China, balancing trade dynamics in this category.
Major manufacturers in Germany and the US unveiled fully autonomous harvesting machines, marking a significant step towards automation in agriculture.
September 2022
This development is anticipated to reshape market demand, with higher initial costs but long-term labor savings for farmers.