HS Code:
The category of revolvers or pistols (HS Code: 9302) includes firearms designed for personal use, such as handguns, revolvers, and semi-automatic pistols, excluding those used for military purposes. This category encompasses a range of products used for self-defense, sport shooting, and law enforcement. Global trade in this category is heavily regulated due to safety, security, and political concerns, with significant variations in import/export policies across countries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% 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
Increasing
Average Rate
7.5% ad valorem
Highest Rate
30% (imposed by certain developing countries with strict firearm controls)
Lowest Rate
0% (under free trade agreements or in countries with minimal firearm restrictions)
Rising demand for personal defense firearms
Increased exports from major producers like the United States and Italy to regions with growing personal security concerns, such as Latin America and parts of Asia.
2021-2022
Stricter regulations in key markets
Reduced trade volumes in countries with new firearm control laws, such as Canada and Australia, pushing manufacturers to explore alternative markets.
2020-2022
Technological advancements in smart firearms
Emerging niche markets for smart pistols with biometric safety features, though high costs limit widespread adoption.
2022
The United States revised export controls on firearms, transferring oversight of certain categories of pistols and revolvers from the State Department to the Commerce Department, easing export processes for non-military firearms.
January 2020
Increased export volumes from the U.S. to allied countries, though concerns remain about potential misuse in conflict zones.
The European Union updated its Firearms Directive to impose stricter controls on the import and circulation of civilian firearms, including mandatory marking and registration.
March 2021
Reduced intra-EU trade and increased compliance costs for exporters targeting the European market.
Brazil eased restrictions on firearm imports and ownership under new legislation, aiming to boost personal security amid rising crime rates.
August 2019 (with amendments in 2022)
Significant increase in imports from countries like the U.S. and Italy, positioning Brazil as a key growth market.