HS Code:
The 'Of other noncircular cross section' category under the Harmonized System (HS) Code typically refers to products such as bars, rods, or profiles made of materials like steel, aluminum, or other metals that do not have a circular cross-section. This includes shapes such as rectangular, square, hexagonal, or other polygonal forms. These products are widely used in construction, manufacturing, automotive, and industrial applications due to their structural strength and versatility. This category is critical in global trade as it supports infrastructure development and industrial production across various sectors.
Total Trade Volume
USD 15.7 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Increased demand for lightweight materials
Growing use of aluminum and composite materials with noncircular cross sections in automotive and aerospace industries to improve fuel efficiency.
2021-2023
Shift towards sustainable production
Manufacturers are adopting greener production methods and recycling programs due to global environmental regulations, affecting cost structures and trade patterns.
2020-2022
Rising infrastructure investments
Increased government spending on infrastructure in emerging economies has boosted demand for steel and aluminum profiles, driving trade volumes.
2019-2023
The United States imposed additional tariffs on steel products, including noncircular cross-section items, from specific countries to address overcapacity and protect domestic producers.
March 2022
Shift in trade flows as exporters redirect shipments to other markets like the EU and Asia, potentially increasing competition and lowering prices in those regions.
The European Union introduced policies under the Green Deal to promote low-carbon steel production, affecting the trade of noncircular cross-section steel products with stricter environmental standards.
July 2023
Increased production costs for non-compliant exporters, while benefiting producers with sustainable practices through better market access.
China relaxed export restrictions on certain steel products, including noncircular cross-section items, to stabilize global supply chains amid rising demand.
January 2023
Potential oversupply in global markets, which could depress prices and affect profitability for smaller exporters.